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The war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution. At the same time, economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Fuel and food prices have increased rapidly, hitting...
Persistent link: https://www.econbiz.de/10015060543
The latest World Economic Outlook reports economic activity was surprisingly resilient through the global disinflation of 2022-23, despite significant central bank interest rate hikes to restore price stability. Risks to the global outlook are now broadly balanced compared with last year....
Persistent link: https://www.econbiz.de/10015057883
The January 2023 World Economic Outlook Update projects that global growth will fall to 2.9 percent in 2023 but rise to 3.1 percent in 2024. The 2023 forecast is 0.2 percentage point higher than predicted in the October 2022 World Economic Outlook but below the historical average. Rising...
Persistent link: https://www.econbiz.de/10015057890
The global recovery continues but the momentum has weakened, hobbled by the pandemic. Fueled by the highly transmissible Delta variant, the recorded global COVID-19 death toll has risen close to 5 million and health risks abound, holding back a full return to normalcy. Pandemic outbreaks in...
Persistent link: https://www.econbiz.de/10015057898
The global economy is climbing out from the depths to which it had plummeted during the Great Lockdown in April. But with the COVID-19 pandemic continuing to spread, many countries have slowed reopening and some are reinstating partial lockdowns to protect susceptible populations. While recovery...
Persistent link: https://www.econbiz.de/10015057930
The World Economic Outlook (WEO) presents the IMF's leading economists' analyses of global economic developments during the near and medium terms. It is a respected, one-stop, trusted resource offering remarkable insight, balance, and perspective to decision makers and policymakers worldwide....
Persistent link: https://www.econbiz.de/10015058165
Global growth is projected to stay at 3.1 percent in 2024 and rise to 3.2 percent in 2025. Elevated central bank rates to fight inflation and a withdrawal of fiscal support amid high debt weigh on economic activity. Inflation is falling faster than expected in most regions, amid unwinding...
Persistent link: https://www.econbiz.de/10015058906
The latest World Economic Outlook reports signs that policy tightening is starting to cool activity despite core inflation proving persistent. Risks are more balanced as banking sector stress has receded, but they remain tilted to the downside. Monetary policy should stay the course to bring...
Persistent link: https://www.econbiz.de/10015059629
Major macroeconomic realignments are affecting prospects differentially across the world's countries and regions. The April 2016 WEO examines the causes and implications of these realignments-including the slowdown and rebalancing in China, a further decline in commodity prices, a related...
Persistent link: https://www.econbiz.de/10014408010
Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade, according to Chapter 1 of this World Economic Outlook. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018. Stronger...
Persistent link: https://www.econbiz.de/10014408110