Description
Added on the 09/10/2020 10:10:27 - Copyright : Wochit
The World Trade Organization on Wednesday dramatically lowered its global trade forecast for 2023, as Russia's war in Ukraine and other shocks take their toll on the world economy. 'Today the global economy faces multi-prong crises. Monetary tightening is weighing on growth across much of the world,' WTO Director-General Ngozi Okonjo-Iweala told reporters in Geneva. SOUNDBITE
The International Monetary Fund revises its eurozone growth forecast for 2022 "downward by 1.1 percentage points" from its January estimate, to 2.8 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
The impact of the war in Ukraine is spreading worldwide, causing the IMF to sharply downgrade its 2022 global growth forecast to 3.6 percent, IMF chief economist Pierre-Olivier Gourinchas says as he presents the latest World Economic Outlook. SOUNDBITE
The IMF downgrades its forecast for global economic growth this year, citing the impact of the Omicron variant of Covid-19, which contributed to a slowdown in the United States and China. World GDP is forecast to expand 4.4 percent this year, half a point lower than its previous estimate released in October, says IMF First Deputy Managing Director Gita Gopinath. SOUNDBITE
Belvidere, Oct 18 (EFE/EPA).- Parent company Stellantis has cut production and laid off 1,100 employees at the plant indefinitely because of a shift toward electric vehicles and a global microchip shortage. Employees laid off have been offered options of relocation, quitting or being fired as the US faces supply chain problems. (Camera: TANNEN MAURY).AERIAL FOOTAGE TAKEN WITH A DRONE SHOWS NEW VEHICLES AWAITING SHIPMENT AT THE FIAT CHRYSLER ASSEMBLY PLANT NEAR BELVIDERE, ILLINOIS, US. .
|
Support : Technical 
- Content 
- Editors 
