WASHINGTON, April 16 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday upgraded its forecast of global growth in 2024 to 3.2 percent, 0.1 percentage points higher than its projection in January, according to its newly released World Economic Outlook (WEO) report. Despite gloomy predic...
The IMF expects advanced economies to grow 1.7 percent in 2024, up 0.2 percentage points from its January forecast. The U.S. economy will grow 2.7 percent in 2024 and slow to 1.9 percent in 2025. The eurozone economy will grow by 0.8 percent in 2024, accelerating to 1.5 percent in 2025....
“This is an important insurance policy against a recession,” Goldman Sachs Research Chief Economist Jan Hatzius writes in the team’s report titled Macro Outlook 2024: The Hard Part Is Over. Worldwide GDP is forecast to expand 2.6% next year on an annual average basis,...
The International Monetary Fund (IMF) on Tuesday upgraded global growth forecast to 3.1 percent in 2024, 0.2 percentage point higher than the projection last October, according to its newly released World Economic Outlook (WEO) update. The upward revision reflects upgrades for China, the United Sta...
The IMF expects advanced economies to grow 1.7 percent in 2024, up 0.2 percentage points from its January forecast. The U.S. economy will grow 2.7 percent in 2024 and slow to 1.9 percent in 2025. The eurozone economy will grow by 0.8 percent in 2024, accelerating to 1.5 percent in 2025...
Thu, Sep 26th 2024 Access ASEAN Fearful of the 'middle-income trap,' Indonesia pushes for major policy reform Wed, Sep 25th 2024 Airlines Etihad reveals $7 billion investment plan over five years Thu, Sep 26th 2024 Europe Markets European markets close lower; OECD upgrades UK growth forecast ...
SFC Markets and Finance: Fitch predicts a sharp decline in global growth to 2.1% in 2024. What are the main factors contributing to this forecast? Brian Coulton: We do think the global economy is going to slow down. Two key drivers of that. One, the pickup in growth in China that we...
As 2024 begins, the global economy is confronting what is projected to be the slowest half-decade of GDP growth in 30 years. This forecast, outlined in the World Bank’s Global Economic Prospects report, underscores a significant slowdown in global trade growth, now expected to be half of wh...
She said goods trade was considerably down in 2023, forcing the WTO to revise its forecast from 1.7 percent to 0.8 percent. In the last quarter of 2023, however, trade showed a recovery, led by automobiles, components and parts. "We have been more optimistic about 2024, forecasting a consi...
economicactivitythanexpected.Theslowdowneconomylevelsofpercapitaincome;excludingChinaandIndia,no inglobalpotentialgrowthcouldbeexacerbatedbyrelativegainsareprojectedbetween2019and2025.Manyvulnerable EMDEsarefallingfurtherbehind—percapitaincomeisforecasttoremain furtherincreasesintraderestrictionsandbelowits2019levelthisyearin...