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Added on the 17/12/2020 13:00:00 - Copyright : EFE Inglés
Britain's economy will rebound this year and not shrink as initially thought, but will grow far less than expected next year, finance minister Jeremy Hunt says as he presents his Autumn Statement to parliament. Gross domestic product will expand 0.6 percent in 2023, Hunt said citing the Office for Budget Responsibility fiscal watchdog, upgrading its prior forecast of minus 0.2 percent. GDP is then set to grow by 0.7 percent in 2024, which was sharply down from previous guidance for a 1.8-percent expansion. SOUNDBITE
The International Monetary Fund projects the global economy will grow 5.9 percent in 2021 and 4.9 percent in 2022, IMF chief economist Gita Gopinath says. SOUNDBITE
The International Monetary Fund's World Economic Outlook now sees world growth of 6.0 percent this year after the contraction of 3.3 percent in 2020 amid the Covid-19 pandemic, IMF chief economist Gita Gopinath says. SOUNDBITE
"Our expectation is in the second half of the year we would see the European economies on a sound recovery path," Kristalina Georgieva, the managing director of the International Monetary Fund, says in remarks ahead of the spring meetings of the IMF and the World Bank. SOUNDBITE
Energy Minister Saad al-Kaabi, who is also the chief executive of QatarEnergy signs a deal with Shun-Chin Lee, Chairman of the CPC Corporation Taiwan for Qatar to supply the Taiwan-headquartered CPC with natural gas for 27 years. Qatar will supply four million tonnes of gas a year under the deal, QatarEnergy said in a statement, without disclosing the cost of the agreement. IMAGES
The United Auto Workers (UAW) chief calls on 7,000 more workers to join a historic strike against the top three US car manufacturers at noon on Friday. UAW President Shawn Fain calls on the workers at Ford and General Motors (GM) plants in Chigaco and Michigan to join the first ever strike at the "Big Three" Detroit automakers -- Ford, GM and Stellantis -- as the union pushes for improved conditions across the board. "What we win at the bargaining table depends on the power we build on the job. It's time to use that power," Fain says. SOUNDBITE
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