WASHINGTON,April 10(Xinhua)--World Bank Group President David Malpass announced on Monday the lender has raised its global growth forecast for 2023 to 2 percent from 1.7 percent in January due to China's recovery.According to Reuters,Malpass attributed the upward revision to an improved outloo...
The World Bank cut its growth outlook for China for 2023 from 5.2% to 4.3%, Japan from 1.3% to 1% , and Europe and Central Asia from 1.5% to 0.1%. "Global growth has slowed to the extent that the global economy is perilously close to falling into recession," the World Bank said, ...
Small Business Taxes Help for Low Credit Scores Investing USA INTL Markets World Bank raises China's GDP forecast for 2024, 2025 World Bank rolls out new strategy to boost economic opportunities for women China growth to slow next year despite temporary boost from stimulus: World Bank ...
BISHKEK, April 12 (Xinhua) -- The World Bank has projected an economic slowdown in Kyrgyzstan in 2022 due to the situation in Ukraine. The spillovers of the ongoing conflict between Russia and Ukraine have significantly worsened the outlook for the Kyrgyz economy, which is projected to contract...
The World Bank on Sunday projected a 5.1 percent growth for the Chinese economy in 2023, according to its newly released East Asia and Pacific Economic Update. "China has remarkable strengths," Aaditya Mattoo, chief economist for the World Bank's East Asia and Pacific, told a press briefing...
World Bank Says Mobilizing $4.5 Billion U.S. Grant for Ukraine More Reuters FILE PHOTO: A participant stands near a logo of World Bank at the International Monetary Fund - World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, October 12, 2018. REUTERS/Johannes P. Ch...
The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. That’s the view of the International Monetary Fund, which ha
The Federal Reserve, the Bank of Japan, the European Central Bank and the Bank of England have all sharply raised rates with the aim of slowing inflation to around 2%. In the United States, year-over-year inflation has plummetedfrom a peak of 9.1% in the su...
Sharing of the October 2024 World Economic Outlook Chapter 2: The Great Tightening: Insights from the Recent Inflation Episode and Chapter 3: Understanding the Social Acceptability of Structural Reforms. TheWorld Economic Outlook(WEO) is a survey of prospe...
The World Bank has cut its forecast for China’s growth next year and warned that east Asia’s developing economies are set to expand at one of the lowest rates in five decades, as US protectionism and rising levels of debt pose an economic drag. The gloomier 2024 forecasts from the bank...