COVID-19 variants, rising debt, threaten global economic growth: World Bank
New York: Global growth will slow down over the next two years in the face of “fresh threats” from COVID-19 variants and rising inflation, debt and income inequality, the World Bank said on Tuesday in its latest report.
World Bank expects global economy to expand by 4% in 2021
New York: The World Bank Group on Tuesday issued a guarded growth forecast for the global economy this year, saying that a four per cent overall expansion was likely, although the recovery will likely be a “subdued” one.
Amid fears of worst recession in decades, urgent calls for solidarity, a united economic front
New York: With multilateral cooperation under strain, senior UN officials, Nobel laureates and eminent academic experts, gathered virtually on Wednesday for the launch of a new report recommending “an adjusted approach” to economic development, and a policy dialogue exploring how countries can recover from COVID-19, in ways that lead to real structural transformation.
Global economy to shrink by 5.2pc: World Bank Report
Washington/UNI: The COVID-19 pandemic will shrink the global economy by 5.2 per cent this year, representing the deepest recession since World War Two, and triggering a dramatic rise in extreme poverty, the World Bank has said in its latest Global Economic Prospects report.
Coronavirus ‘grim reality’: World economy to shrink by 3.2 per cent, new UN report projects
New York/IBNS: Against the backdrop of the raging COVID-19 pandemic, the world economy in 2020 is projected to shrink by 3.2 per cent, racking up some $8.5 trillion in overall losses – wiping out nearly four years of output gains, according to a mid-year economic analysis by the United Nations.
IMF projects India's growth rate at 7.3 percent in 2018, at 7.4 percent next year
New York, Oct 9 (IBNS): The International Monetary Fund (IMF) on Tuesday predicted that India might be witnessing a 7.4 percent growth rate in 2019.
New York, Jan 29 (JEN): A surge in conflict-induced needs in Africa and the Middle East, coupled with an increase in climate shocks that pummel the most vulnerable everywhere, have given fresh urgency to calls for the international community to work in a new way that not only ends humanitarian needs but reduces them over time, United Nations Secretary-GeneralAntónio Guterres said Sunday.