"This is the weakest growth profile since 2001 except for the global financial crisis and the acute phase of the COVID-19 pandemic and reflects significant slowdowns for the largest economies," the report noted.A contraction in real gross domestic product (GDP) lasting for at least two consecu...
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. The 2022 figure is around half ...
The International Monetary Fund (IMF) on Tuesday raised its 2023 global growth estimates slightly, given resilient economic activity in the first quarter. The global lender said it now projected global real GDP growth of 3.0 percent in 2023, up 0.2 percentage point from its April ...
According to WTO economists, the global GDP at market exchange rates will grow by 2.4 percent in 2023. Meanwhile, projections for trade and GDP growth in 2023 are below the averages for the past 12 years, of 2.6 percent and 2.7 percent respectively. "The lingering effects of COVID-19 and...
A contraction in real gross domestic product lasting for at least two consecutive quarters (which some economists refer to as a “technical recession”) is seen at some point during 2022-2023 in about 43 percent of economies, amounting to more than one-third of world GDP, it noted. ...
According to WTO economists, the global GDP at market exchange rates will grow by 2.4 percent in 2023. Meanwhile, projections for trade and GDP growth in 2023 are below the averages for the past 12 years, of 2.6 percent and 2.7 percent respectively. ...
SFC Markets and Finance: Many experts think the global GDP growth will slow down in 2024. What's your prediction? Arend Kapteyn: We have a slowdown. Our estimate is that in 2023, global growth was about 3%, maybe 3.1%. In 2024, we have 2.6%. So we have that slowdown, really only ...
SFC Markets and Finance: Many experts think the global GDP growth will slow down in 2024. What's your prediction? Arend Kapteyn: We have a slowdown. Our estimate is that in 2023, global growth was about 3%, maybe 3.1%. In 2024, we have 2.6%. So we have that slowdown, really only ...
The IMF chief economist also reiterated the cost of geo-economic fragmentation, noting that IMF research shows costs could range from 3 to 7 percent of world GDP, with emerging and developing countries to be the most adversely affected by trade distorting measures. ...
In Japan,a well-developed economy and aging population have kept growth relatively tame even in the best global macro environments. To that end, Morgan Stanley’s forecast of 1.2% GDP growth for 2023 is a positive, despite being below consensus. “Households have significant excess cash and dep...