Tag: Global growth
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IMF raises forecast for global growth in 2024 to 3.1%
The International Monetary Fund (IMF) on Tuesday said that it has improved its forecast for global economic growth in the coming year. However, raising its expectations to 3.1 per cent from an earlier forecast of 2.9 per cent in October.
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World Bank projects 5.6% growth for global economy
The global economy is expected to grow at 5.6 per cent in 2021, although many emerging market and developing economies continue to struggle with the COVID-19 pandemic and its aftermath. The World Bank said this in its June Global Economic Prospects released on Tuesday in Washington D.C., adding that the expected growth was based largely…