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Added on the 10/02/2022 11:28:46 - Copyright : AFPTV - First images
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 median projection for real GDP growth stands at just 0.5 percent this year and next," says US Federal Reserve Chair Jerome Powell. 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
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
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
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