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Added on the 20/01/2023 16:08:33 - Copyright : Euronews EN
Argentina's President Javier Milei arrives at the World Economic Forum where he is expected to speak this afternoon. The self-styled "anarcho-capitalist" will take the spotlight in Davos after launching a series of drastic reforms in inflation-hit Argentina following his shock election victory last month.a IMAGES
The International Monetary Fund's World Economic Outlook now sees world growth of 6.0 percent this year after the contraction of 3.3 percent in 2020 amid the Covid-19 pandemic, IMF chief economist Gita Gopinath says. SOUNDBITE
Optimism that new vaccines will bring the pandemic under control and allow economic activity to resume coupled with stimulus in major economies has boosted the growth forecast this year to 5.5 percent, the IMF says in its latest World Economic Outlook. SOUNDBITE
The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. "This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies," IMF chief economist Gita Gopinath says. SOUNDBITE
Demonstrators gather in Davos on the sidelines of the annual World Economic Forum to call for global climate action. IMAGES
The managing director of the International Monetary Fund, Kristalina Georgieva warns that "the cumulative losses of trade conflicts could get us to about $700 billion by 2020" in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE
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