The IMF said that five years from now, global growth is expected to be around 3% — the lowest forecast in a World Economic Outlook for over 30 years.
The IMF said that five years from now, global growth is expected to be around 3% — the lowest medium-term forecast in a World Economic Outlook for over 30 years.
The International Monetary Fund has released new economic forecasts and warns that it will be hard for policymakers to bring down inflation while keeping a growth momentum.The International Monetary Fund on Tuesday released its weakest global growth expectations for the medium term in more than 30 years.
The weaker growth prospects stem from the progress economies like China and South Korea have made in increasing their living standards, the IMF said, as well as slower global labor force growth and geopolitical fragmentation, such as Brexit and Russia's invasion of Ukraine.In the short term, however, the IMF expects global growth of 2.8% this year and 3% in 2024, slightly below the fund's estimates published in January. The new estimates are a cut of 0.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Remains discovered in 1990 identified as missing Salt Lake City teenThe remains of a Salt Lake City teenager have been positively identified over 33 years after they were discovered in rural Nevada.
Read more »
Remains found in Nevada in 1990 were Salt Lake City womanHuman remains found more than 30 years ago near Battle Mountain have been identified as a Utah woman who disappeared in 1989 and was the apparent victim of a homicide. Authorities say Judy Manzaneras of Salt Lake City was 19 years old when she last was seen.
Read more »
Future Classic: 1990-1994 Lexus LSThe Lexus LS 400 as the brand flagship hit big thanks mainly to three factors: quality, performance and the dealership experience.
Read more »
IMF Forecasts: 2023 global real GDP growth at 2.8% vs 2.9% in January forecastThe International Monetary Fund said in its latest World Economic Outlook report that it revised the global real Gross Domestic Product growth for 202
Read more »
IMF’s Georgieva: India, China to account for 50% of global economic growth in 2023International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said that “the global economy is estimated to grow less than 3 percent in 2
Read more »
No escape from the zero lower bound for top central banks - IMFInterest rates eventually should fall back to levels seen before the outbreak of COVID-19, with advanced economies again within sight of the 'zero lower bound' and developing countries seeing rates in steady decline, the International Monetary Fund said in a new analysis of whether the 'natural' rate of interest was changed by the pandemic.
Read more »