The World Bank has slightly raised its outlook for the global economy this year but it's still at a lower level compared to last year's growth rate. It projects a further pessimistic outlook for next year. Our economic correspondent Shin Ha-young has more. The latest global growth outlook ...
The World Bank cut its global growth forecast for this year after emerging markets from China to Brazil slowed more than projected, while budget cuts and slumping investor confidence deepened Europe's contraction.The world economy will expand 2.2 percent, less than a January forecast for 2.4 ...
ByAlan RappeportNew York Times,Updated June 11, 2024,5:16 p.m. WASHINGTON — The World Bank on Tuesday raised its outlook for the world economy this year but warned that the rise of new trade barriers and protectionist policies posed a long-term threat to global growth. ...
The eurozone's picture is considerably bleaker, with growth this year forecast at 0.7 percent after high energy prices resulted in just 0.4 percent growth in 2023. Tighter credit conditions prompted a 0.6 percentage point cut to the region's 2024 outlook from the bank's June forecast. CHINA W...
World Bank raises global growth outlook for 2023 on China's recovery 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 ...
MINSK. Jan 10 (Interfax) - The World Bank has reaffirmed its October forecast for growth of 0.8% in Belarus' GDP in 2024, the bank said in its January Global Economic Prospects overview.The World Bank last October markedly cut its outlook for Belarus' economic growth over the next two ...
Jan 9 (Interfax) - The World Bank has raised its forecast for growth in Russia's GDP to 2.6% in 2023 from its October outlook of 1.6%, the bank said in its January Global Economic Prospects overview.The bank has retained its growth forecast of 1.3% for 2024 and 0.9% for 2025, ...
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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,...
(Singapore) Pte n In our 2023 Outlook, we acknowledged many reasons for the Dollar to Michael Cahill depreciate—most notably, its lofty valuation and a relatively benign global growth +44(20)7552-8314 | michael.e.cahill@ outlook—but argued that the Dollar’s depreciation from the peak ...