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Added on the 21/01/2014 16:43:41 - Copyright : Euronews EN
In its latest World Economic Outlook, the IMF projects that global output will increase by 5.9% this year, compared with its projection in July of 6%.
The International Monetary Fund's new projections for 2023 show GDP for the world economy growing by 3.2 percent, compared to a 1.9 percent expansion last year. The improved forecast is aided by China's scrapping of its zero-Covid policy and the fall in gas prices. Also on the programme, we report from Niger, where telecom operators have been forced to cancel a price hike after popular anger. Finally, we bid farewell to the iconic Boeing 747.
Escalating inflation, the war in Ukraine and low consumer confidence are spelling headwinds for the global economy.
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE
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