“The World Economic Outlook update will be launched on January 25 to allow our teams to incorporate the latest developments related to the COVID-19 pandemic into the economic forecasts,” the spokesperson said.Managing Director Kristalina Georgieva last month told the Reuters Next conference that the IMF was likely to further downgrade its global economic growth projections in January to reflect the emergence of the Omicron variant of the coronavirus.
In October, the IMF had forecast global economic growth of 5.9% in 2021 and 4.9% this year, while underscoring the uncertainty posed by the new coronavirus variants.Economists expect the IMF to cut its economic forecast for the United States, the world’s largest economy, given the rapid spread of the highly contagious Omicron variant, as well as the failure of Congress to pass US President Joe Biden’s $1.2 trillion social and climate spending package.
In October, it had already slashed its forecast for US Gross Domestic Product growth in 2021 by a full percentage point to 6%, citing supply chain disruptions and a labor crunch, while forecasting growth of 5.2% in 2022.The United States set a global record of almost 1 million new coronavirus infections on Monday, according to a Reuters tally, and its daily average has totalled 486 000 cases over the last week, a rate higher than that of any other country.
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Parliament fire flares up again - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The fire that broke out in Parliament on Sunday has flared up again. Thick smoke can be seen billowing from the Assembly building. Inside job. They collapsed the Anc, followed by the SOE's , now the parliament. Somgaga released the lethal gas Why not just tear down the whole structure & rebuild from scratch? After all, that's our country's parliamentary building & should be the pride of the nation, not some old, raggity remnant from the old days. Some of us have no emotional attachment to it other than bad memories.
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