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Added on the 29/04/2021 14:00:00 - Copyright : EFE Inglés
Mandaluyong City, May 5 (EFE/EPA).- Protesters on Wednesday called on the Asian Development Bank, which is holding its 54th Annual Meeting from 3 to 5 May, to stop funding fossil fuel energy projects and to cancel the debt of developing member countries struggling economically amid the COVID-19 pandemic. (Camera: ROLEX DELA PENA).SHOT LIST: PROTESTERS WEARING PROTECTIVE SUITS RALLY OUTSIDE THE HEADQUARTERS OF THE ASIAN DEVELOPMENT BANK (ADB) IN MANDALUYONG CITY, METRO MANILA, PHILIPPINES.
Federal Open Market Committee (FOMC) members have more than doubled the median projection for economic growth this year to 2.1 percent, says Jerome Powell, the US Federal Reserve Chairman. SOUNDBITE
As the European Commission boosts its 2023 forecast for growth in the Eurozone by 0.2 points to 1.1 percent on Monday whilst revising its inflation forecast higher to 5.8 percent, the bloc's commissioner for the economy Paolo Gentiloni warns the factors behind the diverging forecasts are currently moving "in opposite directions." 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
Seoul, May 27 (EFE/EPA).- South Korea's central bank on Thursday raised its economic growth forecast for 2021 by one percentage point to 4 percent due to the progressive recovery of the economy while keeping interest rates unchanged at a record low of 0.5 percent.The Bank of Korea (BoK) also forecast that Asia's fourth largest economy will grow 3 percent in 2022.In the face of strong signs of recovery, the bank expects inflation this year to be 1.8 percent, half a percentage point above the previous forecast. (Camera: ARCHIVE). ARCHIVE FOOTAGE OF SEOUL, SOUTH KOREA.