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Added on the 23/02/2022 14:02:23 - Copyright : AFPTV - First images
Paolo Gentiloni, European Commissioner for Economy, revises the eurozone's 2021 growth forecast "markedly" to 4.8 percent. Brussels had been expecting a 4.3 percent growth rate as the single-currency area recovers from the effects of the coronavirus pandemic and associated lockdowns. 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.
The EU sharply cut its eurozone growth forecast for 2024, Commissioner for the Economy Paolo Gentiloni says. Gentiloni says the European Commission predicts the single-currency economic area to grow by 0.8 percent in 2024, down from a previous forecast of 1.2 percent. SOUNDBITE
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
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