Which economy did best in 2024?
3 weeks, 6 days ago

Which economy did best in 2024?

Live Mint  

Interest rates at their highest in decades, wars in Europe and the Middle East, elections in countries as important as America and India. To assess these differences, we have compiled data on five economic and financial indicators—GDP, stockmarket performance, core inflation, unemployment and government deficits—for 37 mostly rich countries. Our first indicator is real GDP growth, widely regarded as the most reliable measure of an economy’s overall health. In Spain annual GDP growth is on track to exceed 3%, driven by a strong labour market and high levels of immigration, which mechanically lift economic output. In Japan hefty fiscal stimulus, aimed at propping up the economy and easing cost-of-living pressures, risks compounding debt problems as an era of ultra-low interest rates comes to an end.

Spain Italy Japan Inflation Global Economy Interest Rates Greece Countries High Britain Ireland Gdp Growth Core Inflation  best  unemployment  strong  global  economy  spain  2024  gdp  growth  inflation  high  countries

History of this topic

US Economy Booms, Outperforming Global Leaders
2 months, 2 weeks 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 …

China's economic performance resilient amid challenges
5 months, 3 weeks ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

China's economic performance resilient amid challenges
5 months, 3 weeks ago

China's economic performance resilient amid challenges

China Daily  

The skyline of Beijing. China's economy demonstrated a stable expansion in the first half of 2024, achieving a year-on-year GDP growth of 5 percent, equivalent to 61.68 trillion yuan, according to data released by the National Bureau of Statistics on Monday. Key economic indicators GDP growth The first half of 2024 saw China's GDP grow by 5 percent year-on-year. China's …

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

UN reports improved prospects for the world economy and forecasts 2.7% growth in 2024
7 months, 3 weeks 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 …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
8 months, 3 weeks 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: Outlook for world economy is brighter, though still modest by historical standards
8 months, 3 weeks 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 …

Report: US economy grew faster than any other G7 country last year
11 months, 1 week ago

Report: US economy grew faster than any other G7 country last year

Daily Mail  

America's economy is growing at a faster pace than any other G7 country in part thanks to a post-pandemic productivity boom, experts say. The IMF World Economic Outlook report estimates the US economy grew by 2.5 percent in 2023 - and is set for a similar 2.1 percent growth in 2024. Figures released today show US worker productivity grew at …

IMF raises growth forecast for global economy
11 months, 1 week 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 …

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery
11 months, 3 weeks ago

China’s economy expanded 5.2% last year, hitting the government’s target despite an uneven recovery

Associated Press  

HONG KONG — China’s economy for the October-December quarter grew at a quicker rate, allowing the Chinese government to hit its target of about 5% annual growth for 2023 even though trade data and the economic recovery remain uneven. Officials from China’s National Bureau of Statistics said that measures including “strengthened macro regulation, and redoubled efforts to expand domestic demand, …

Global economy will slow for a third straight year in 2024, World Bank predicts
11 months, 4 weeks ago

Global economy will slow for a third straight year in 2024, World Bank predicts

Associated Press  

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of …

The global economy in 2024: Key clues to watch out for
1 year ago

The global economy in 2024: Key clues to watch out for

Al Jazeera  

US interest rates, oil prices and the Chinese economy will determine the global economy next year. “And once an economic slowdown gets under way, it risks feeding on itself,” he said, adding that while falling inflation will be an important factor in determining monetary policy, “weakening growth will almost certainly determine when the Fed will pivot.” Federal funds futures are …

Source of strength for recovery of global economy
1 year, 4 months ago

Source of strength for recovery of global economy

China Daily  

A view of Guangzhou's CBD area. Editor's Note: The following are excerpts of Foreign Ministry spokesman Wang Wenbin's response to a question at a regular news conference in Beijing on Wednesday about some Western politicians and media claiming that China's economic slowdown may pose risks to global economic growth: The fact is that China's economy continues to recover. According to …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 5 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

Associated Press  

WASHINGTON — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday. IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and …

British economy will take a smaller hit in 2023 than previously anticipated, says IMF
1 year, 8 months ago

British economy will take a smaller hit in 2023 than previously anticipated, says IMF

Firstpost  

Britain is no longer the only Group of Seven economy set for a fall in GDP this year as Germany too is now expected to shrink by 0.1%, the IMF global forecasts indicated. After narrowly avoiding recession in 2022, Britain’s economy has shown some signs of resilience in early 2023 London: Britain is expected to take a smaller economic hit …

Inflation and recession: Can the world defeat both in 2023?
1 year, 11 months ago

Inflation and recession: Can the world defeat both in 2023?

Al Jazeera  

No, says conventional wisdom. The IMF, World Bank and many other experts have pointed to one key factor pushing the economy towards a recession: sharp interest rate hikes by central banks in recent months to tame soaring inflation. Amid the COVID-19 pandemic that crushed the global economy because of lockdowns and supply chain bottlenecks, central banks around the world cut …

China to inject new impetus into global economy
1 year, 11 months ago

China to inject new impetus into global economy

China Daily  

Foreign enterprises and international experts believe that China's optimization of COVID-19 response, which expands the flows of people, will help activate the country's economic vitality and potential, and bring important benefits to world recovery and growth. Daniel Lacalle, chief economist at Spain's asset manager Tressis Management, noted that China's optimization of COVID-19 response is good news to the market in …

World Bank: Recession a looming threat for global economy
1 year, 11 months ago

World Bank: Recession a looming threat for global economy

Associated Press  

WASHINGTON — The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned on Tuesday. Though the United States might avoid a recession this year — the World Bank predicts the U.S. economy will eke out growth …

Global economy ‘perilously close’ to a recession: World Bank
1 year, 11 months ago

Global economy ‘perilously close’ to a recession: World Bank

Al Jazeera  

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies – the United States, Europe and China – the World Bank warned on Tuesday. Though the United States might avoid a recession this year – the World Bank has predicted the US economy will eke out growth of …

2023 to be tougher for global economy than 2022, IMF chief says
2 years ago

2023 to be tougher for global economy than 2022, IMF chief says

Al Jazeera  

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year. IMF Managing Director Kristalina Georgieva said 2023 will be a “tough year”, with one-third of the world’s economies expected to be in recession. Because the three big economies, US, EU, China, are all slowing down simultaneously,” Georgieva said during an appearance on the …

From China to inflation, 5 economic trends to watch in 2023
2 years ago

From China to inflation, 5 economic trends to watch in 2023

Al Jazeera  

The global economy is facing risks and opportunities next year from rising interest rates to China’s reopening. The partial reversal of globalisation means more expensive imports, shortages of labour in many Western countries leads to more expensive production, and green transition measures to combat the greatest threat our species faces are all leading to higher inflation than we’ve been used …

World economy to experience recession in 2023, says Centre for Economics and Business Research
2 years ago

World economy to experience recession in 2023, says Centre for Economics and Business Research

Firstpost  

The CEBR takes its base data from the IMF’s World Economic Outlook and uses an internal model to forecast growth, inflation and exchange rates According to the Centre for Economics and Business Research, the world will experience a recession in 2023 as a result of rising borrowing prices intended to combat inflation. According to the British consultancy’s annual World Economic …

US economy unexpectedly shrinks in 2022’s first quarter
2 years, 8 months ago

US economy unexpectedly shrinks in 2022’s first quarter

Al Jazeera  

The U.S. economy unexpectedly shrank last quarter for the first time since 2020 as the trade deficit ballooned, adding to political headaches for President Joe Biden but unlikely to sway the Federal Reserve from hiking interest rates aggressively to combat inflation. Gross domestic product fell at a 1.4% annualized rate as surging imports and softer inventory growth more than offset …

Citing Russia’s war, IMF cuts global growth forecast to 3.6%
2 years, 8 months ago

Citing Russia’s war, IMF cuts global growth forecast to 3.6%

Associated Press  

WASHINGTON — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. “The war will slow economic growth and increase inflation,” IMF chief economist Pierre-Olivier Gourinchas …

US economy grew 5.7% in 2021 in rebound from 2020 recession
2 years, 11 months ago

US economy grew 5.7% in 2021 in rebound from 2020 recession

Associated Press  

WASHINGTON — The U.S. economy grew last year at the fastest pace since Ronald Reagan’s presidency, bouncing back with resilience from 2020’s brief but devastating coronavirus recession. What’s more, the Federal Reserve made clear Wednesday that it plans to raise interest rates multiple times this year to battle the hottest inflation in nearly four decades. “The upside surprise came largely …

World economy to top $100 trillion in 2022 for first time: Report
3 years ago

World economy to top $100 trillion in 2022 for first time: Report

India Today  

The world's economic output will exceed $100 trillion for the first time next year and it will take China a little longer than previously thought to overtake the United States as the No.1 economy, a report showed on Sunday. British consultancy Cebr predicted China will become the world's top economy in dollar terms in 2030, two years later than forecast …

IMF Upgrades Global Growth Forecast 2021 to a Record 6%
3 years, 9 months ago

IMF Upgrades Global Growth Forecast 2021 to a Record 6%

News 18  

The rollout of COVID-19 vaccines and vast sums of government aid will accelerate global economic growth to a record high this year in a powerful rebound from the pandemic recession, the International Monetary Fund says in its latest forecasts. The agency’s economists now estimate that the global economy shrank 3.3% in 2020 after the devastating recession that followed the coronavirus’ …

IMF says US economy is growing at its fastest pace since 1984
3 years, 9 months ago

IMF says US economy is growing at its fastest pace since 1984

CNN  

London CNN Business — President Joe Biden’s $1.9 trillion stimulus package will boost the US economy and drive faster global growth this year, the International Monetary Fund said Tuesday, though it warned that many countries continue to suffer from the pandemic and are at risk of being left behind. The IMF said the “unprecedented policy response” to the pandemic means …

Government revises fourth quarter GDP up slightly to 4.1%
3 years, 10 months ago

Government revises fourth quarter GDP up slightly to 4.1%

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. Gross domestic product — the broadest measure of economic …

World economy seen withstanding coronavirus better than forecast
4 years, 3 months ago

World economy seen withstanding coronavirus better than forecast

Live Mint  

The global economic slump won’t be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet, according to the OECD. The world economy will shrink 4.5% this year, less than the 6% forecast in June, the Paris-based institution said on Wednesday, upgrading its outlook …

How Covid-19 brought the world economy to its knees
4 years, 6 months ago

How Covid-19 brought the world economy to its knees

India Today  

Three major global economic institutions - International Monetary Fund, United Nations Conference on Trade and Development and World Bank - have warned that financial consequences of the Covid-19 pandemic will be worse than feared. According to its latest edition of the World Economic Outlook, global Gross Domestic Product will shrink to -5 per cent in 2020, nearly 2 per cent …

IMF: The global recession is much worse than expected
4 years, 6 months ago

IMF: The global recession is much worse than expected

CNN  

London CNN Business — The International Monetary Fund has slashed its global economic forecasts for 2020, saying the coronavirus pandemic is causing a much steeper recession and a slower recovery than initially expected. It said the global labor market has taken a “catastrophic” hit,movement outside the home remains depressed, companies have cut back on investment and consumer spending has dropped …

Coronavirus: IMF says global economy on track to shrink by 3% in 2020
4 years, 8 months ago

Coronavirus: IMF says global economy on track to shrink by 3% in 2020

India Today  

The global economy is expected to shrink by 3 per cent during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday. The IMF, in its 2020 World Economic Outlook, predicted a partial rebound in 2021, with the world economy growing at …

Some of the world’s biggest economies are on the brink of recession
4 years, 10 months ago

Some of the world’s biggest economies are on the brink of recession

CNN  

London CNN Business — A version of this story first appeared in CNN Business’ Before the Bell newsletter. Take Japan: The world’s third-largest economy shrank 1.6% in the fourth quarter of 2019 as the country absorbed the effects of a sales tax hike and a powerful typhoon. Last year, the Trump administration ended special trade treatment for India, removing a …

Economic Survey sees GDP growth speeding up, investment recovery
5 years, 6 months ago

Economic Survey sees GDP growth speeding up, investment recovery

Live Mint  

New Delhi: The Economic Survey for 2018-19 has projected the Indian economy will accelerate a tad in the current financial year 2019-20 to 7%, the same as the projection by the Reserve Bank of India, from 6.8% a year ago. Growth in investment, which had slowed down for many years, has bottomed out and has started to recover since 2017-18,” …

Discover Related