Business Maverick: IMF Eyes ‘Turning Point’ for World Economy as Growth Bottoms

The fund sees world consumer-price increases slowing to 6.6% this year, 0.1 percentage point higher than the October projection, following 8.8% in 2022. It forecast further slowing to 4.3% in 2024. Inflation rates are expected to be lower in about 84% of countries in 2023 than in 2022.

Inflation could also prove more persistent. Financial markets may become volatile, and international tensions spurred by Russia’s aggression could cause the global system to fragment, hampering cooperation between nations. The biggest upgrade was for the Russian economy, which the fund now predicts will expand 0.3% compared with a contraction of 2.3% seen in October.

The IMF boosted its forecast for emerging-market and developing economies, saying they will grow 4%, a 0.3 percentage-point upgrade from October and compared with 3.9% for 2022. It raised the estimate for China’s expansion by 0.8 percentage point to 5.2%.Read more: World Bank Cuts 2023 Forecasts and Warns of Global Recession

Meanwhile....back in South Africa....we decided to go the other direction cause we don't quit, we haven't reached the real bottom yet 🤦‍♀️

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Business Maverick: UK to be the only G7 economy in recession this year, IMF saysBritain faces the bleakest two years of any major industrial nation with a recession in 2023 and the slowest growth of peers in 2024, the International Monetary Fund predicts. Lockdowns will do that When it comes to stirring in other countries' business the Brits are first in. Now they're paying the price. IMF predictions are notoriously inaccurate.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

International Finance: Adani tries to calm investors with 413-page Hindenburg rebuttalGautam Adani published a 413-page rebuttal to a short seller’s allegations of widespread corporate malfeasance, seeking to calm investors in the midst of a $2.5-billion share sale and stem a rout that wiped out more than $50-billion of his group’s market value.
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »

International Finance: Top bankers in Asia see pay cuts of 50% after drought in dealsTop investment bankers in Asia ex-Japan at Wall Street’s biggest firms are having their worst payouts since the financial crisis more than a decade ago, according to people familiar with the matter. Toe ek my werk verloor het, het ek gedink ek het dit alles verloor. Met die bietjie kontant van R3000 het ek R33,000 binne 'n week verhandel, sy weet dalk nie, maar sy het my regtig gered richard1_ray
مصدر: dailymaverick - 🏆 3. / 84 اقرأ أكثر »