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Added on the 16/05/2022 11:29:21 - Copyright : Euronews EN
The International Monetary Fund revises its eurozone growth forecast for 2022 "downward by 1.1 percentage points" from its January estimate, to 2.8 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
This outlook depends heavily on two factors: the evolution of the COVID-19 pandemic and the pace at which supply adjusts to the rapid turnaround in demand following the re-opening of the economy.
Oil prices have jumped over 3 percent to their highest since October 2015. As Sonia Legg reports, it follows growing Nigerian oil output disruptions and long-time bear Goldman Sachs saying the market had ended almost two years of oversupply.
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Thousands of traumatised Syrians leave the rebel enclave of Aleppo as the UN Security Council votes to deploy observers to the battered city to monitor the evacuations.
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