[ad_1] The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook. ADVERTISEMENT…
Tag: World economy
Germany predicted to be the only major European economy to contract this year as recession lingers
[ad_1] Europe’s largest economy is predicted to contract by 0.4% this year — that’s 0.6 percentage point lower than an estimate made in May. The European Commission also cut its…
Uncertainty in Europe as oil prices keep climbing
[ad_1] Oil prices have climbed further after they hit a ten-month record on Thursday and gas prices are also inching towards their highest level of the year. Oil prices are…
Modi, Biden pledge to deepen India-U.S. partnership as world leaders meet in Delhi for G20 summit
[ad_1] Indian Prime Minister Narendra Modi and U.S. President Joe Biden pledged to deepen the partnership between both countries in their second bilateral meeting in less than six months. With…
Your guide to the New Delhi G20 summit
[ad_1] Leaders of the richest countries will meet this weekend in India to discuss the world’s biggest issues. But there’s a high chance the power clashes between them will overshadow…
Germany is struggling to move away from its ‘sick man of Europe’ image
[ad_1] The International Monetary Fund forecasts the German economy will shrink in 2023, which would make it the only G7 economy to contract this year. While Germany fell into recession…
Singapore avoids technical recession as economy grows 0.7% year-on-year in second quarter
[ad_1] Economists polled by Reuters expected to see growth of 0.3% quarter-on-quarter and 0.6% year-on-year. The Monetary Authority of Singapore, the city-state’s central bank and financial regulator, warned of an…
Over $1 trillion needed for developing nations’ climate transition, says ex-World Bank official
[ad_1] Smoke billows from an unauthorized steel factory, foreground, on November 4, 2016 in Inner Mongolia, China. To meet China’s targets to slash emissions of carbon dioxide, authorities are pushing…
Panama Canal faces tough times as ship crossings dip
[ad_1] By Euronews with agencies Published on 04/08/2023 – 17:44 The Panama Canal authority says it expects revenue to drop by about €182 million in the next fiscal year, a shipping crossings…