IMF: global economic growth accelerates slower than expected
The International Monetary Fund (IMF) once again cut its outlook for the world economy, warning Tuesday that economic turmoil in China and financial contagion throughout emerging markets threaten to curb global growth.
Deeper downturns in many of the world’s largest developing countries and a weaker-than-expected expansion in the U.S. prompted the IMF to downgrade its forecast for global growth this year by 0.2 percentage point to 3.4 percent. That is a meager improvement from last year’s 3.1 percent growth rate. (MTI)
Related news
Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Fitch Ratings: stronger than previously expected global economic growth is expected this year
Stronger-than-expected world economic growth is likely for this year, according…
Read more >Mihály Varga: the Hungarian economy is back on the growth track
The Hungarian economy returned to the growth path in the…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >