Tag: Global Economy

IMF upgrades 2026 growth forecast but warns of ‘split’ outlook

October 13, 2026 admin

he International Monetary Fund on Tuesday (October 13, 2026) forecast global growth in 2026 would slow less than previously expected because of advanced economies’ “resilience” in the face of war-fuelled energy prices, but warned low-income countries remained vulnerable to the supply shock. In its World Economic Outlook (WEO) released at the organization’s Annual Meetings in…

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IMF slightly raises forecast for 2026 global growth to 3.1%, citing ‘resilience’ to shocks

October 13, 2026 admin

Director of the Research Department at the IMF Silvana Tenreyro, Deputy Director of the Research Department at the IMF Petya Koeva-Brooks, Division Chief at the Research Department of the IMF Deniz Igan and IMF Communications Officer Jose Luis De Haro attend a press briefing during the IMF/World Bank 2026 Annual Meetings at Queen Sirikit National…

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IMF lowers 2026 world growth forecast as West Asia risks linger

July 8, 2026 admin

The International Monetary Fund (IMF) on Wednesday (July 8, 2026) cut its 2026 growth projection for the world economy again, saying an AI boom has not fully offset the fallout from the war in the West Asia. Global economic growth is now estimated at 3% this year, IMF said, down from 3.1% in its April…

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How The Trump Presidency Will Impact The Global Economy

November 9, 2024 admin

Donald Trump’s victory in the 2024 election – and his threat to impose tariffs on all imports to the United States – highlights an important problem for the global economy. The US is a technological powerhouse, spending more than any other country on research and development and winning more Nobel prizes in the last five…

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What Middle East Conflict Means For Global Economy

October 3, 2024 admin

Rising tensions in the Middle East add new uncertainties for the global economy even as policymakers start to congratulate themselves on having steered it out of a bout of high inflation without triggering a recession. Israel, which has been fighting with Hamas in Gaza for almost a year, has sent its troops into southern Lebanon…

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So far, global earnings are just good enough to feel disappointing

July 31, 2024 admin

Companies worldwide are lowering full-year sales and profit guidance as higher interest rates and weakness in China’s economy hurt global consumer sentiment, taking the shine off earnings growth in the latest quarter. A number of high-profile companies have underwhelmed investors, including McDonald’s, automakers Nissan and Tesla, and consumer giants Nestle and Diageo. With roughly 40%…

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IMF maintains 2024 global growth forecast, warns of inflation risk

July 16, 2024 admin

“Global activity and world trade firmed up at the turn of the year, with trade spurred by strong exports from Asia,” the IMF said. Image for representation. | Photo Credit: AP The International Monetary Fund (IMF) held global growth expectations for 2024 steady in a report on July 16 even as it cut forecasts for…

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World Economic Forum Forecasts Promising Global Economy In 2024 Amid Geopolitical Risks

May 29, 2024 admin

The report is based on policy development research and surveys with leading economists New Delhi: A majority of the world’s leading economists believe the global economy will either strengthen or remain stable in 2024, according to the World Economic Forum (WEF). The latest edition of the Chief Economists Outlook presents a cautiously optimistic view of…

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Recovering euro keeps dollar ‘gorilla’ from scuppering ECB rate outlook

May 15, 2024 admin

European Central Bank (ECB) headquarters in Frankfurt, Germany. File | Photo Credit: Reuters The euro has resisted falling to parity with the dollar for now, thanks to a rosier economic backdrop, to the relief of European Central Bank policymakers who could be struggling to detach themselves from the Federal Reserve’s monetary policy outlook. Just a…

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Economic Superpowers Like India Reshaping Global Economy: Rishi Sunak

May 13, 2024 admin

“I see India as Asia’s Silicon Valley and the UK as Europe’s Silicon Valley,” London: UK Prime Minister Rishi Sunak on Monday cited India’s rise as an ‘economic superpower’ as he pledged to create a dynamic, innovative economy fuelled by technological progress. Insisting that “more will change in the next five years than in the…

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