The global gross domestic product (GDP) faced a major crisis in 2020 when the COVID-19 pandemic had a massive impact on the global economy, bringing trade to an immediate halt. However, the GDP quickly started increasing again in 2021. What is understood under the concept of GDP, which ...
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The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report.The global eco...
It said growth momentum significantly weakened in the United States, the European Union and other developed economies in 2022, adversely impacting the rest of the global economy through a number of channels. In the United States, gross domestic product (GDP) is projected to expand by only 0.4 p...
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Russia. The consensus forecast from May expects GDP to contract by 0.3% this year. On June 7, the OECD released its forecast, which expects Russian GDP to contract by 1.5% this year, while the World Bank’s outlook from June 6 assumes a fall of 0.2%. The econo...
PARIS, Nov. 22 (Xinhua) -- Global gross domestic product (GDP) growth is projected to slide from 3.1 percent this year to 2.2 percent in 2023, the Organization for Economic Co-operation and Development (OECD) said in its latest Economic Outlook on Tuesday. ...
China’s GDP grew 5.2% year-over-year by the end of September 2023, above its annual growth target of ‘around 5%’ set in March. This better-than-expected growth was mainly driven by the boost from consumption of services following the post-pandemic reopening, improved industrial activities ...
Statistics on " Global economy " Overview Global economic indicators Gross domestic product Economic growth Unemployment Global trade Inflation The most important statistics Global gross domestic product (GDP) 2029 Gross domestic product (GDP) of selected global regions 2023 GDP of the main ...
The global economy fared better than many economists expected in 2023 Goldman Sachs Research was also optimistic about the global economy in 2023 — and the results have exceeded even our own economists’ expectations. Solid GDP growth has translated into more-than-solid labor ...