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Added on the 31/05/2023 06:54:13 - Copyright : Euronews EN
A perfect storm of doom has been pummeling the global economy in recent months, undermining global growth expectations, but the IMF warns the worst-case scenario is plausible, which would cut growth to one of the lowest levels in the past five decades. SOUNDBITE
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
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
The International Monetary Fund slightly raises its forecast for 2023 US economic growth. "The US economy has proven resilient, consumer demand has held up particularly well, initially boosted by a drawdown of pent up savings, and more recently by solid growth in real disposable income. This is good news," says IMF chief Kristalina Georgieva. SOUNDBITE
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE
Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost. SOUNDBITE
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