IMF cuts global economy growth forecast for 2021 and warns of ‘long, uneven’ recovery
4 years, 5 months ago

IMF cuts global economy growth forecast for 2021 and warns of ‘long, uneven’ recovery

CNN  

London CNN Business — A strong comeback in 2021 is needed to help the global economy heal from the coronavirus pandemic. Output in advanced economies, as well as emerging markets — with the exception of China — is projected to remain below 2019 levels next year, she said. Looking ahead, the IMF offered a bleak look at how the global economy might perform over the medium term, its first such forecast since the outbreak began. The IMF’s predictions assume that social distancing will continue into next year before fading over time as people get vaccines and Covid-19 treatments improve. The IMF thinks the 19 countries that use the euro will experience a harsher contraction but a sharper recovery, with output falling by 8.3% this year before jumping 5.2% next year.

Global Economy Growth China Imf Next Year Expected Economies  global  cuts  forecast  levels  long  recovery  uneven  imf  warns  economy  economies  expected  shrink  growth  2020  output

History of this topic

India to remain fastest growing major economy with 6.5% growth in FY26: IMF
Trending News
3 weeks, 4 days ago

India to remain fastest growing major economy with 6.5% growth in FY26: IMF

India Today  

Multilateral financing agency International Monetary Fund has said that India will retain its position as the fastest-growing major economy by clocking a GDP growth of 6.5 per cent in 2025-26, on the back of robust private investment and macroeconomic stability. "Real GDP is expected to grow at 6.5 per cent in 2024-25 and 2025-26, supported by robust growth in private …

UK economic growth forecasts downgraded for 2025 – EY
1 month, 3 weeks ago

UK economic growth forecasts downgraded for 2025 – EY

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Stagnant growth late last year …

Union Budget 2025: Big income tax relief, push to Make in India and other highlights
1 month, 3 weeks ago

Union Budget 2025: Big income tax relief, push to Make in India and other highlights

Firstpost  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. In the budget address, the Finance Minister emphasised that India’s economic resilience remains strong, with an estimated real GDP growth of 6.4 per cent in FY25 and robust private consumption contributing to economic momentum. Thailand 3.0% Jul-Sep 2024 Source: Trading Economics High-frequency indicators indicate that the domestic …

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF
2 months ago

UK economy to grow by 1.6% this year after weaker-than-expected 2024 – IMF

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “Of course, some of the Budget is financed by …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months, 1 week ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months, 1 week ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26
2 months, 1 week ago

IMF keeps India’s GDP growth forecast unchanged at 6.5% for FY25 and FY26

Live Mint  

New Delhi: The International Monetary Fund has maintained its Indian growth forecast unchanged at 6.5% for FY25 and FY26 in an update to its World Economic Outlook released on Friday. "Growth in India also slowed more than expected, led by a sharper-than-expected deceleration in industrial activity," the IMF said in its latest update. The advance estimate is also lower than …

IMF MD forecasts ‘little weaker’ Indian economy in 2025 despite global growth, US trade policy in focus
2 months, 2 weeks ago

IMF MD forecasts ‘little weaker’ Indian economy in 2025 despite global growth, US trade policy in focus

Live Mint  

International Monetary Fund MD Kristalina Georgieva has predicted that the Indian economy is likely to be “a little weaker” in 2025 despite pojected steady global growth, according to a PTI report. She cited uncertainty around the United States trade policy under the coming Donald Trump administration as the key factor affecting the Indian and other world economy this year, it …

Indian economy likely to be 'a little weaker' in 2025: IMF MD
2 months, 2 weeks ago

Indian economy likely to be 'a little weaker' in 2025: IMF MD

The Hindu  

The Indian economy is expected to be "a little weaker" in 2025 despite steady global growth, IMF Managing Director Kristalina Georgieva has said. Ms. Georgieva said she expects the Indian economy to be a little weaker in 2025. “This uncertainty is particularly high around the path for trade policy going forward, adding to the headwinds facing the global economy, especially …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
5 months ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

UK economic growth forecasts downgraded for next two years – economists
5 months ago

UK economic growth forecasts downgraded for next two years – economists

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. EY Item Club’s latest quarterly economic forecast also suggested that caution by Bank of …

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER
5 months ago

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER

Daily Mail  

Growth in Britain looks well set, with the International Monetary Fund once again upgrading forecasts. Budget threat: If Chancellor Rachel Reeves goes too far, raising taxes and scaring business and wealth creators witless, then she would place a fragile cyclical upturn in peril That erupted during the IMF’s annual meetings of two years ago following Liz Truss’s unaudited tax cutting …

US Economy Booms, Outperforming Global Leaders
5 months ago

US Economy Booms, Outperforming Global Leaders

Live Mint  

The U.S. economy is leading the world in terms of productivity and wages, with a surge in investment boosting output and wages. The IMF projects U.S. gross domestic product to expand 2.5% in the fourth quarter, higher than the previous July forecast, while global output is projected to grow 3.3%. The U.S. is also expected to grow faster than all …

IMF's economic view: A brighter outlook for US but still-tepid global growth
5 months ago

IMF's economic view: A brighter outlook for US but still-tepid global growth

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

IMF praises China for its resilient growth
7 months, 3 weeks ago

IMF praises China for its resilient growth

China Daily  

The International Monetary Fund welcomes China's "resilient economic growth and the post-pandemic recovery in private consumption", according to a new report. Driven by China's strong economic data from the first quarter, the IMF increased its forecast for the nation's annual economic growth to 5 percent this year, an upward revision of 0.4 percentage points compared with the projections released in …

New fears Brexit has ‘drained life out of UK economy’ following IMF report
8 months ago

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please …

Responsive economic policies have mitigated risks and shock waves
8 months ago

Responsive economic policies have mitigated risks and shock waves

China Daily  

The skyline of Beijing. The IMF, as well as other international institutions such as Morgan Stanley, Goldman Sachs and UBS, all raised their forecast for China's economic growth this year, mainly because of the overall performance of the Chinese economy in the first half of the year and the effectiveness it has displayed in preventing and resolving risks. Since March, …

Strong consumption, exports spur IMF's brighter outlook for nation
8 months, 1 week ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

IMF boosts China's growth outlook to 5 percent for year
8 months, 1 week ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

IMF raises India’s FY25 growth forecast upward to 7%
8 months, 1 week ago

IMF raises India’s FY25 growth forecast upward to 7%

Hindustan Times  

The International Monetary Fund raised India’s growth forecast for FY25 to 7 per cent from 6.8 per cent projected in April. This comes as the Reserve Bank of India revised India’s growth forecast upward to 7.2 from 7 per cent earlier in June. IMF said that the global economy is still poised for a soft landing as it raised the …

Britain to be fastest growing major European economy, IMF predicts
8 months, 1 week ago

Britain to be fastest growing major European economy, IMF predicts

The Telegraph  

Thanks for joining me. 5 things to start your day 1) National Grid: Britain will remain dependent on gas for years | Forecasts predict higher than expected demand, in blow to net zero ambitions 2) We’re not a c----- employer, insists Wetherspoon boss after attack by union chief | Rebuttal comes as chain is accused of being ‘anti-union’ and offering …

IMF Retains Growth Forecast for India at 7 PC in FY25
9 months ago

IMF Retains Growth Forecast for India at 7 PC in FY25

Deccan Chronicle  

Chennai: The International Monetary Fund on Tuesday retained the growth of the Indian economy for the current fiscal at 7 per cent and for next year at 6.5 per cent. As projected in July, the IMF retained the growth forecast for FY25 at 7 per cent and FY26 at 6.5 per cent. Deloitte India too on Tuesday projected 7 -7.2 …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
9 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
9 months, 3 weeks ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Policy and resilience raise confidence in stable economic growth this year
9 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth
9 months, 3 weeks ago

IMF upgrades its forecast for China’s economy, but says reforms are needed to support growth

Associated Press  

The International Monetary Fund has upgraded its forecast for China’s economy, while warning that consumer-friendly reforms are needed to sustain strong, high-quality growth. The IMF’s report, issued late Tuesday, said the world’s second-largest economy will likely expand at a 5% annual rate this year, based on its growth in the first quarter and recent moves to support the property sector. …

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts
10 months ago

Economy set for ‘soft landing’ as IMF upgrades UK growth forecasts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The UK economy is set …

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
10 months ago

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

Daily Mail  

The IMF upgraded forecasts for the UK economy today as Jeremy Hunt swiped at 'unjustified pessimism'. The international body said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases. Jeremy Hunt met the managing director of the IMF, Kristalina Georgieva, at Downing Street today Official figures for the …

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
10 months, 1 week ago

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024

Associated Press  

UNITED NATIONS — The United Nations reported improved prospects for the world economy since its January forecast on Thursday, pointing to a better outlook in the United States and several large emerging economies including Brazil, India and Russia. “Globally, energy and food prices are inching upward in recent months, but I think a bit more insidious even is the persistence …

Data show general upward growth trend holds firm
11 months ago

Data show general upward growth trend holds firm

China Daily  

The skyline of Beijing. A comprehensive analysis of the first quarter data shows that more indicators reflect the general trend of high-quality economic development. For example, investment in high-tech industries increased by 11.4 percent year-on-year, 2 percentage points higher than that from January to February, and 6.9 percentage points higher than all investment; the added value of industries such as …

Sobering assessment: On the IMF forecast, World Bank report
11 months ago

Sobering assessment: On the IMF forecast, World Bank report

The Hindu  

The global economy has avoided the spectre of a debilitating recession, with the IMF last week raising its forecast for worldwide aggregate growth in 2024 to 3.2%, from the 2.9% it had projected in October. The IMF has underlined the fact that the global economy has, with surprising resilience, ridden out several adverse shocks as well as ‘significant central bank …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
11 months, 1 week ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

IMF forecasts India’s economy to grow 6.8% this fiscal year
11 months, 1 week ago

IMF forecasts India’s economy to grow 6.8% this fiscal year

The Hindu  

The International Monetary Fund on Tuesday raised its growth projection for India’s GDP in the current fiscal year 2024/25 to 6.8%, and forecast a 6.5% expansion next year. The global economy had remained “remarkably resilient” with steady growth and inflation returning to target and had “defied expectations of stagflation and global recession” in the wake of the post-pandemic supply disruptions, …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
11 months, 1 week ago

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF

Hindustan Times  

US has a 2x rate of GDP growth relative to any other G7 country this year, as per International Monetary Fund projections, while its economy gains the upper hand globally, creating wild market swings by itself. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings …

IMF: Outlook for world economy is brighter, though still modest by historical standards
11 months, 1 week ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 months, 2 weeks ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 months, 2 weeks ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Strong economic activity in the …

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments
1 year, 1 month ago

Nirmala Sitharaman: 7% Growth Possible; Global Agencies Like IMF Have Enhanced Assessments

News 18  

The Narendra Modi government is confident of managing inflation as well as maintaining the robustness in economic growth, said union finance minister Nirmala Sitharaman on Friday in an exclusive interview with Network18 Group Editor-in-Chief Rahul Joshi, a day after presenting the interim budget in Parliament ahead of the Lok Sabha elections. The International Monetary Fund has raised its 2024-25 GDP …

IMF projects Indian economy to grow at 6.7 per cent in FY24
1 year, 1 month ago

IMF projects Indian economy to grow at 6.7 per cent in FY24

India Today  

The International Monetary Fund has changed its growth forecast for India, expecting the economy to expand by 6.7 per cent in the fiscal year 2024, up from the previous estimate of 6.3 per cent. In addition to the upgraded forecast for India, the IMF projects a steady growth rate of 6.5 per cent for the subsequent fiscal years, FY25 and …

IMF pegs India’s growth at 6.7% in FY24
1 year, 1 month ago

IMF pegs India’s growth at 6.7% in FY24

New Indian Express  

NEW DELHI: The International Monetary Fund on Tuesday increased its gross domestic product growth forecast for India in 2023-2024 to 6.7% from an earlier projection of 6.3% in October last year. “Growth in India is projected to remain strong at 6.5% in both 2024 and 2025, with an upgrade from October of 0.2 percentage point for both years, reflecting resilience …

IMF raises growth forecast for global economy
1 year, 1 month ago

IMF raises growth forecast for global economy

Firstpost  

The two biggest economies in the world, China and the United States, have improved economic prospects, according to the International Monetary Fund, which raised its prediction for global growth on Tuesday. Although a “soft landing” appeared to be imminent, according to the IMF’s most recent World Economic Outlook, head economist Pierre-Olivier Gourinchas noted that global trade and overall GDP were …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
1 year, 1 month ago

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. But Gourinchas said that for now, the Red Sea disruptions don’t seem to be “a major source of reigniting supply side inflation,” which arose from far more severe shipping backlogs …

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24
1 year, 3 months ago

IMF commends India’s economic resilience and growth amid global challenges, projects 6.3% growth in 2023-24

Op India  

The Executive Board of the International Monetary Fund came up with a ringing endorsement of India’s growth story after concluding the Article IV consultation with New Delhi, commending the nation’s robust economic growth, resilient financial sector, and notable progress in formalisation and digital infrastructure. The IMF projects a continued strong growth trajectory for India, with real Gross Domestic Product expected …

Govt agrees with RBI’s raised growth estimates: DEA secretary Ajay Seth
1 year, 3 months ago

Govt agrees with RBI’s raised growth estimates: DEA secretary Ajay Seth

Live Mint  

The government concurs with the Reserve Bank of India's decision to revise India’s FY24 economic-growth estimate to 7% as the country has achieved high growth during the first two quarters of the fiscal, Ajay Seth, secretary of the department of economic affairs, said on Friday. Speaking on the sidelines of FICCI's annual convention and annual general meeting, Seth said despite …

India’s GDP grew by 7.6 per cent during July-September quarter
1 year, 3 months ago

India’s GDP grew by 7.6 per cent during July-September quarter

Op India  

The Indian economy grew 7.6 per cent during the July-September quarter of the current financial year 2023-24, remaining the fastest-growing major economy. The Reserve Bank of India had maintained real GDP growth for 2023-24 at 6.5 per cent with Q2 at 6.5 per cent; Q3 at 6.0 per cent; and Q4 at 5.7 per cent. The International Monetary Fund had …

India will be third largest GDP by 2027, says Nirmala
1 year, 4 months ago

India will be third largest GDP by 2027, says Nirmala

Deccan Chronicle  

New Delhi: Terming the India-Middle East-Europe Connectivity Corridor as one of the most promising connectivity projects, Union finance minister Nirmala Sitharaman on Wednesday said that it would be a win-win situation for all stakeholders who are involved in bringing efficiency in transportation, reducing logistic costs, increasing economic unity, generating employment, and lowering greenhouse gas emissions. The country’s economic growth is …

IMF says India to account for 18% of global growth by 2028
1 year, 5 months ago

IMF says India to account for 18% of global growth by 2028

Op India  

The International Monetary Fund forecasts India to further boost its contribution to global growth over the course of the next five years as the Indian economy continues to grow fast. However, the IMF made no adjustments to its forecast for the subsequent year, maintaining India’s GDP growth rate of 6.3% for fiscal year 2024-25. IMF forecasts for India before 2014 …

India’s share of global growth to rise to 18% in 5 years: IMF official
1 year, 5 months ago

India’s share of global growth to rise to 18% in 5 years: IMF official

The Hindu  

India’s contribution to global economic growth will rise by 2 percentage points in 5 years as the Indian economy is projected to grow faster in the coming years, a senior International Monetary Fund official said on Thursday. “Currently China and India’s contribution to global growth is 50%,” said Krishna Srinivasan, Director, IMF Asia & Pacific Department. Observing that the Asia …

Asian economies under cosh as China's property woes bite: IMF
1 year, 5 months ago

Asian economies under cosh as China's property woes bite: IMF

Firstpost  

Meanwhile, the strength of the U.S. economy has offered less support to Asia than in the past because it has been focused on the service sector, which does not fuel demand for exports, the Fund said in a blog on the region’s outlook. China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 5 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

Associated Press  

DUBAI, United Arab Emirates — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. The IMF expects economic growth to slow to 2% this year in the Middle East and …

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