Archive for April 12th, 2023

  |  
12/04/2023

IMF Lowers Global Economic Growth Outlook as ‘Fog Thickens’

Human Wrongs Watch

(UN News)* — The International Monetary Fund (IMF) forecast in their latest World Economic Outlook published on Tuesday [], that global growth will bottom out at 2.8 percent this year before rising modestly to around three percent in 2024, representing a 0.1 per cent fall on its January projections.

Men unload sacks of onions from a truck in Bamako, Mali, a landlocked developing country. Their lack of direct access to the vital trade links often result in landlocked countries paying high transport and transit costs.
World Bank/Dominic Chavez | Men unload sacks of onions from a truck in Bamako, Mali, a landlocked developing country. Their lack of direct access to the vital trade links often result in landlocked countries paying high transport and transit costs.

Global inflation is also heading down, signalling that the tightening of monetary policy through major interest rate rises is bearing fruit, though more slowly than initially anticipated, said the IMF’s Director of Research, from 8.7 percent last year to seven percent this year, and 4.9 percent in 2024.

read more »

Posted in Africa, Asia, Latin America & Caribbean, Market Lords, Middle East, Others-USA-Europe-etc., The Peoples, War Lords | 8 Comments »

  |