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...
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...
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...
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...
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...
Mohammed Saqib, an Indian economist and secretary-general of the India-China Economic and Cultural Council, said that with deglobalization impacting growth in the world and the capital and technology flows, India will have to strengthen its economy on its own, which seems a very difficult task at...
As such, the world is already looking forward to 2023. Perhaps it will be a better year for the world as a whole, and there will be fewer uncertainties, bringing new opportunities for growth. It is of course impossible to predict the future, but if the major impediments of 2022 can be ...
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 ...
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 U.S. economy is on track to grow 3.7 percent in 2022, 0.3 percentage points lower than the January projection, before growth moderating to 2.3 percent in 2023. The Chinese economy is expected to grow 4.4 percent this year, 0.4 percentage points lower than the previous projection, followed...