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IMF warns of slowing global growth ahead
AFP, Published on 25/07/2023
» WASHINGTON: The International Monetary Fund has slightly upgraded its outlook for global growth this year on the back of resilient service sector activity in the first quarter and a strong labour market, the lender said Tuesday.
'Stagflation' risk as Ukraine war chokes global growth: World Bank
AFP, Published on 07/06/2022
» WASHINGTON - The global economy risks falling into a harmful period of 1970s-style "stagflation," sparked chiefly by Russia's invasion of Ukraine, the World Bank warned Tuesday as it slashed its annual growth forecast.
Global economy faces tenuous recovery beset by risks: World Bank
AFP, Published on 09/01/2020
» WASHINGTON: Recovery in a handful of countries will boost global growth slightly this year but the outlook is riddled with potential pitfalls that could derail this tepid upswing, the World Bank cautioned Wednesday.