Global economy

World Growth Holding Up, But Interest Rates To Peak Higher – Fitch
21 Jun

World Growth Holding Up, But Interest Rates To Peak Higher – Fitch

wontumionlineBusiness,
Fitch Ratings has disclosed that global growth is showing near-term resilience but core inflation remains stubbornly high. In its n its June Global Economic Outlook (GEO), it said central banks will have to continue tightening policy in the coming months. With monetary policy adjustments and their impact on the economy proving more protracted, the rating agency said the global growth outlook for 2024 has deteriorated. “World activity is holding up better than expected and Fitch has raised its forecast for global GDP growth in 2023 to 2.4%, from 2.0% in the March GEO”. Fitch opined that the biggest upgrades have…
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Global Economy To Slow Down In 2023 To 1.7% – World Bank
11 Jan

Global Economy To Slow Down In 2023 To 1.7% – World Bank

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The global economy is projected to grow by 1.7% in 2023 and 2.7% in 2024, according to the World Bank’s January 2023 Global Economic Prospects report. The report said the sharp downturn in growth is expected to be widespread, with forecasts in 2023 revised down for 95% of advanced economies and nearly 70% of emerging market and developing economies. Over the next two years, per-capita income growth in emerging market and developing economies is projected to average 2.8%—a full percentage point lower than the 2010-2019 average. In Sub-Saharan Africa—which accounts for about 60% of the world’s extreme poor—growth in per…
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