The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan. But it says worldwide progress against accelerating prices has been slowed by stickier-than-expected inflation for services, from airline travel to restaurant meals. Overall, the IMF said that it still expects the world economy to grow a lackluster 3.2 per cent this year, unchanged from its previous forecast in April and down a tick from 3.3 per cent growth in 2023. From 2000 through 2019, before the pandemic upended economic activity, global growth had averaged 3.8 per cent a year.
Business & Economics
World Bank, IMF, IEA form group to tackle war shocks
washington (TIP): The World Bank, ‘International Monetary Fund (IMF) and International Energy Agency (IEA) have set up a coordination group to “maximize” the response to energy shocks and economic disruptions triggered by the West Asia […]
Business & Economics
‘Complex, expensive’: Further tranches of sovereign gold bonds unlikely
Further tranches of sovereign gold bonds are unlikely, said sources to Business Today TV. SGBs are government securities denominated in grams of gold and are substitutes for physical gold. According to sources, “SGB is a […]
Business & Economics
India seeks US nod to continue Russian oil imports amid Hormuz crisis
New Delhi (TIP): India has reportedly approached the United States seeking an extension of the waiver that permits Indian refiners to continue importing Russian crude oil, as disruptions in the Strait of Hormuz enter their […]
Be the first to comment