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Added on the 05/10/2022 15:06:02 - 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
Global trade growth is expected to plummet by up to a third in 2020 due to the new coronavirus pandemic, the World Trade Organization says. "If the pandemic is not brought under control then governments failing to coordinate policy responses, the the decline could be 32% or more," World Trade Organization chief Roberto Azevedo says during a virtual news conference in Geneva. IMAGES
The COVID-19 pandemic could provoke the deepest recession in living memory, World Trade Organization chief Roberto Azevedo warns. "As we face what may well be the deepest economic recession or downturn of our lifetimes, we should aim to make the most of all potential drivers of sustainable growth to reverse this situation," he says during a virtual news conference in Geneva. SOUNDBITE
World Trade Organization (WTO) director-general Roberto Azevedo announces during a press conference in Geneva that global trade growth is expected to be lower in 2019 than it was last year. SOUNDBITE
The OECD raises its global economic growth forecast for 2024, driven by strong performances in the United States and emerging countries while Europe lags behind. The US economy -- the world's biggest -- is now expected to expand 2.6 percent in 2024, up from the 2.1 percent previously expected. But the OECD expects timid growth of 0.7 percent in the eurozone, slightly better than the 0.6 percent previously expected. SOUNDBITE
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