Tag: Global Economy
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Global economic growth projected to slow in 2023
Global economic growth was projected to slow to 1.7 per cent in 2023, 1.3 percentage points below the forecast made in June last year.
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Digitisation, best passport to global economy – Amaeshi
A Professor of Sustainable Finance and Governance at the European University Institute, Italy and Visiting Professor of Leadership and Financial Markets in Africa at the London School of Economics, United Kingdom, Professor Kenneth Amaeshi, has identified the Digitisation as the best passport to the global economy. Amaeshi who is also the Chief Economic Adviser…
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OPEC cuts 2022 oil demand over economic concerns
The Organisation of Petroleum Exporting Countries (OPEC) has revised downwards the demand for crude oil in 2022. This follows the concerns around global economic growth. OPEC’s Secretary-General, Sanusi Barkindo, announced this at the 62nd Meeting of the Joint Technical Committee via videoconference. He also stated that the loss of crude oil and other liquids exports…
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Global economy to recover faster in second half of 2021 – Report
The global economy is likely to recover at a faster pace in the second half of the year, according to a report by the Bank of China (BOC). In the relevant report on the economic and financial outlook for the third quarter, the BOC Research Institute said it expected the global economy to grow by…
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IMF projects six per cent growth for global economy
The International Monetary Fund (IMF) says the global economy is projected to grow at six per cent in 2021, moderating to 4.4 per cent in 2022. The April 2021 World Economic Outlook (WEO) was presented on Tuesday in Washington D.C. by Gita Gopinath, the fund’s Chief Economist at the ongoing IMF/World Bank Spring Meetings which…
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Pandemic lockdowns leave $10trn hole in global economy
A strong rebound this year would still leave the world down with an estimated 10 trillion dollars due to the coronavirus pandemic and lockdowns, according to the United Nations Conference on Trade and Development (UNCTAD). Although the global economy could expand by 4.7 per cent in 2021, it would nonetheless wind up “short of 10…
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NITEC 2017: Top ‘take aways’ for Startups
The Nigeria International Technology Exhibition & Conference (NITEC) 2017 focused on especially startups is one of the best technology events to happen this year in Nigeria. NITEC is a yearly event that features experienced speakers with robust knowledge of the tech industry. It is specifically designed to showcase the best of the technology ecosystem and…