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IMF to ‘substantially’ cut global growth outlook — Bloomberg

The International Monetary Fund will significantly reduce its forecast for global economic growth in its next update, according to Ceyla Pazarbasioglu, the IMF’s director for strategy, policy and review, as reported by Bloomberg. “It’s shock after shock after shock which are really hitting the global economy,” she said at a …

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US economic growth to outrun China for 1st time in decades – media

US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary …

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Global growth forecast slashed

Global growth is expected to decelerate to 3.2% this year, the World Bank said on Monday, citing the impacts of the conflict in Ukraine, inflation, and the lingering effects of the coronavirus pandemic. The bank had previously projected 4.1% global economic expansion in 2022. World Bank President David Malpass told …

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WTO halves global trade growth forecast

The World Trade Organization (WTO) has cut its global trade growth forecast for 2022 due to Russia’s military operation in Ukraine and its immediate consequences – sanctions on Russia. While previously set at 4.7%, the global growth forecast was nearly halved this week to 2.5% due to “the impact of …

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Ukraine crisis could hit global growth – OECD

The Organization for Economic Development (OECD) said on Thursday that the war in Ukraine could cut global economic growth by more than one percentage point in the first year after its start. According to the OECD, its impact could also cause a “deep recession” in Russia if it is sustained. Consumer …

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UK economic growth compared to WWII levels

The British economy grew by 7.5% in 2021, following a slump of nearly 10% the year before when Covid-19 lockdowns and enduring restrictions disrupted economic activity, the Office for National Statistic (ONS) said on Friday.  The figure represents the strongest gross domestic product (GDP) growth since 1941, when Britain and …

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Crypto job growth outpacing Big Tech

A LinkedIn report shows extraordinary growth of 395% in cryptocurrency-related job postings in the United States from 2020 to 2021. Careers in crypto outstripped price action in 2021, it said. According to the research, the crypto industry outpaced the wider tech industry, which also saw remarkable development, almost doubling its …

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IMF slashes Asia growth forecast, warns of ‘ravaging’ Covid spread & supply-chain disruptions

“Risks are tilted to the downside, mainly because of uncertain pandemic dynamics, vaccine efficacy against virus variants, supply chain disruptions, and potential global financial spillovers from the US monetary normalization,” the IMF said, adding that “The global Covid-19 pandemic is still ravaging the region.”  Nevertheless, Asia-Pacific will remain the fastest-growing …

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Size matters in geopolitics, so the west is excited China’s population growth is ending. But here’s how Beijing will solve it

Although a census seems at first glance insignificant, the report gained widespread coverage by the international media, who transplanted it into the context of Chinese strategic competition with the United States. How is this important?  The answer is: Population matters, especially when it comes to economics. China’s population, which is aging …

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