WASHINGTON, Jan. 25 (Xinhua) -- The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4 percent in 2022, down by 0.5 percentage point from October's forecast, according to a newly released update to its World Economic Outlook report. Growth will slow as...
The lower-than-expected global economic growth is mainly because the growth forecasts of the US and China have been revised down, the IMF said. China's GDP in 2022 may grow 4.8 percent, higher than the world's 4.4 percent, as the report shows. The IMF suggested that China's growth fore...
The lower-than-expected global economic growth is mainly because the growth forecasts of the US and China have been revised down, the IMF said. China's GDP in 2022 may grow 4.8 percent, higher than the world's 4.4 percent, as the report shows. The IMF suggested that China's growth fore...
Compounding the damage from the COVID-19 pandemic, the Russia-Ukraine war has magnified the slowdown in the global economy, which is entering what could become a protracted period of feeble growth and elevated inflation, the report said. This raises the risk of stagflation, with potentially harmf...
US real GDP should increase 5.5% in 2021 and 4.3% in 2022. As the economy reaches full employment and interest rates rise, growth will settle to 2.9% in 2023. The US unemployment rate will likely fall from 4.6% in October to a low of 3.5% in late 2022 and 2023, putting upward press...
"So 2 percent is really a sort of a low number for the global economy. That's a sense in which we're getting close, really close to a global recession," he told reporters. Under this scenario, both the United States and the euro area will experience near-zero growth next year, with...
"So 2 percent is really a sort of a low number for the global economy. That's a sense in which we're getting close, really close to a global recession," he told reporters. Under this scenario, both the United States and the euro area will experience near-zero growth next year, with...
The prospect of recession may loom over the global economy today, but the rich world's difficulties over growth are graver still. The long-run rate of growth has dwindled alarmingly, contributing to problems including stagnant living standards and fulminating populists. Between 1980 and 2000, GDP...
According to the OECD economic outlook, annual GDP growth in the United States is projected to slow down to 2.6 percent in 2024 and further down to 1.6 percent in 2025, but be cushioned by monetary policy easing. For...
growth. But we note the risk of the dispute escalating further, and ultimately harming the performance of the global economy. A trade war of this kind—not our central forecast—would also make it harder for the world to respond to the next global downturn, to the extent that tariffs would...