Search For "global economic prospects"
UAE economy expected to grow by 3.8% in 2025: World Bank
Updated : 2 years, 4 months ago IST
According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise to 3.6 percent in 2024 and 3.8 percent in 2025, noting to last year's robust non-oil sector activity.
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China's estimated GDP growth rate out of reach for Beijing: World Bank
Updated : 3 years, 4 months ago IST
In China, growth is projected at 4.3 per cent in 2023--0.9 percentage points below previous forecasts. The second-largest economy in the world is now falling back in the race.
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World Bank cuts global growth estimate for 2023 over recession risks
Updated : 3 years, 4 months ago IST
According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine.
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World Bank says fragile economic conditions might usher in recession
Updated : 3 years, 4 months ago IST
Given fragile economic conditions, any new adverse development such as higher-than-expected inflation, an abrupt rise in key interest rates to contain it, a resurgence of the Covid-19 cases, or escalating geopolitical tensions could push the global economy into recession.
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Growth in developing economies likely to halve in 2022, says World Bank re
Updated : 3 years, 10 months ago IST
Washington [US)], July 14 (ANI): The growth in emerging and developing economies are expected to roughly halve to 3.4 per cent in 2022 in comparison to 6.6 per cent the previous year, as the spillover effects led by the Russian invasion of Ukraine has adversely affected these nations, the Wo
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World Bank downgrades 2022 global growth forecast to 2.9 pc, warns of stag
Updated : 3 years, 12 months ago IST
Washington [US], June 7 (ANI/Xinhua): The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the January projection, the World Bank Group said in its latest Global Economic Prospects released on Tuesday, warning of stagflation risk.
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COVID-19 new variant, inflation to derail global economic recovery in 2022
Updated : 4 years, 4 months ago IST
Washington [United States], January 12 (ANI): Global economic growth will drop sharply from 5.5 per cent in 2021 to 4.1 per cent in 2022 and dip further to 3.2 per cent in 2023 due to fresh threats from COVID-19 variants and a rise in inflation, debt and income inequality, the World Bank sai
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India's GDP estimated to grow at 8.3 pc, says World Bank
Updated : 4 years, 12 months ago IST
Washington [US], June 8 (ANI): Economic growth in South Asian countries is expected to rebound to a stronger-than-expected 6.8 per cent in 2021 and India's GDP is predicted to grow at 8.3 per cent, according to the latest World Bank report on global economy recovery post Covid-19 pandemic.
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Global economy projected to expand 5.6 pc in 2021, despite COVID-19 challe
Updated : 4 years, 12 months ago IST
Washington [US], June 8 (ANI): Despite challenges from the Covid-19 pandemic, the global economy is expected to remain strong and expand 5.6 per cent in 2021, the fastest post-recession pace in 80 years relying on strong rebounds from a few major economies, the World Bank said on Tuesday.
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Global economy to expand by 4 pc in 2021: World Bank
Updated : 5 years, 4 months ago IST
Washington DC [USA], January 6 (ANI): The global economy is expected to expand by 4 per cent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the year, the World Bank has said.
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World Bank projects modest pickup of 2.5 pc in global growth in 2020
Updated : 6 years, 4 months ago IST
Washington DC [USA], Jan 9 (ANI): Global economic growth is forecast to edge up to 2.5 per cent in 2020 as investment and trade gradually recover from last year's significant weakness but downward risks persist, the World Bank says in its January 2020 Global Economic Prospects.
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World Bank pegs India's growth at 5 pc in FY20, projects recovery next yea
Updated : 6 years, 4 months ago IST
Washington DC [USA], Jan 9 (ANI): The World Bank has projected India's growth at five per cent in the current financial year 2019-20 which is set to recover to 5.8 per cent in the following fiscal year.
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