Description
Added on the 18/04/2022 09:17:02 - Copyright : France 24 EN
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
South Africa’s finance minister forecasts the economy will grow by 4.8 percent, a revision to the 5.1 percent growth previously forecast. While presenting the country's 2022 budget to parliament, minister Enoch Godongwana says "Commodity prices... also, violent unrest in July; restrictions imposed to manage the third wave of Covid-19 further eroded the gains made in the first half of the year." SOUNDBITE
EU commissioner Paolo Gentiloni announces that the eurozone will grow less than expected this year. The EU executive said GDP in the single currency bloc would grow by 4.0 percent this year, instead of the 4.3 forecast only three months ago. SOUNDBITE
The International Monetary Fund projects that energy prices "will be elevated" during the coming winter months but will then "come back down by the end of the first quarter next year and into the second quarter," IMF chief economist Gita Gopinath says in an interview with AFP. 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 chair of the US Federal Reserve, Jerome Powell, predicts an annual inflation rate of 4.2 percent in 2021, up from the 3.4 percent forecast in June, dropping to 2.2 percent in 2022. SOUNDBITE