World economic growth is slowing down and could result in a synchronized recession.Last October, the International Monetary Fund (IMF) predicted that the world economy would grow 4.9% in 2022. After almost two years marked by the pandemic, it was a welcome sign of a gradual return to ...
During three years, global per capita income grew by over 4%, with the highest growth rate of 5.35 percent in 2021. Global GDP per capita contracted for six years, with the lowest of -3.91% in 2020. In constant 2021 prices in PPP terms, which gives the best idea about improvement in ...
DAKAR, Sept. 29 (Xinhua) -- Senegal's economy is expected to grow 4.8 percent this year, against 6.1 percent last year, the World Bank announced in its "Senegal Economic Situation Report" published here Wednesday. This growth rate will be driven by "the performance of the agricultural and ...
The world’s fastest growing economyBy Ailsa Rosales and Nicolas Suarez Guyana registered the world's highest real GDP growth rate in 2022, with its national output 62.4% higher. Driven by its booming oil sector, the economy is set to expand by 27.2% in 2023 and 34.2% next year — ...
but only at the cost of even lower growth. Britain has the worst of both worlds. Markets now expect the Bank of England to set the highest rates of any big rich economy next year but sterling has slumped all the same. If the bank follows through with rate rises, the housing market cou...
The U.S. central bank on Wednesday, May 7, said it needs greater clarity on where the economy is headed before cutting its main interest rate. The Federal Reserve maintained the rate that influences borrowing costs at up to 4.5 percent. And the impact of […] Read More...May...
(Xinhua) -- The year 2022 has seen the world economy limping on through the shockwaves of a barrage of unknowns. And the year 2023 could be off to a fairly rough start due to the continued impact of such undesired events like the Ukraine crisis, the U.S. Federal Reserve rate hikes,...
IMF: World Economy Likely to Grow 3.9 Percent This Year More By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — The International Monetary Fund is keeping its forecast for global economic growth unchanged at 3.9 percent this year despite worries about rising trade tensions and higher oil ...
Also in the report, the organization slashed global growth forecasts to 3.6 percent in 2022 and 2023. This is 0.8 and 0.2 percentage points lower for 2022 and 2023 than it had projected in January. "In long and medium term I'm quite bullish on China's economy," WEF President Borge Brend...
–Pres Ali assures of Govt efforts to grow a diversified economy Guyana’s Gross Domestic Product (GDP) is expected to double in 2022, an astronomical growth rate that the World Bank says is largely responsible for the overall growth rate in the otherwise tourism reliant Caribbean. ...