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Added on the 31/05/2023 06:54:13 - Copyright : Euronews EN
During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies. Also in the show, Switzerland holds parliamentary hearings to review the takeover of embattled bank Credit Suisse by its rival UBS. Plus, Chile passes a law to gradually reduce the working week to 40 hours.
A perfect storm of doom has been pummeling the global economy in recent months, undermining global growth expectations, but the IMF warns the worst-case scenario is plausible, which would cut growth to one of the lowest levels in the past five decades. 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
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
Washington, Apr 6 (EFE / EPA) .- (Camera: Shawn Thew) The global recovery is accelerating and the International Monetary Fund (IMF) estimates that the world's economic growth will reach a 6% in 2021 -five tenths more than expected in January-, although it warns that the Covid-19 crisis has left scars in emerging countries such as growing inequality and an increase in poverty.FOOTAGE OF THE INTERNATIONAL MONETARY FUND AND THE WORLD BANK HEADQUARTERS.
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