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Added on the 11/09/2023 11:54:28 - Copyright : AFPTV - First images
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 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
Paolo Gentiloni, European Commissioner for Economy, announces that the EU is sharply cutting its eurozone growth forecast for 2022 to 2.7 percent as the bloc struggles with skyrocketing energy prices due to the war in Ukraine. SOUNDBITE
The International Monetary Fund slightly raises its forecast for 2023 US economic growth. "The US economy has proven resilient, consumer demand has held up particularly well, initially boosted by a drawdown of pent up savings, and more recently by solid growth in real disposable income. This is good news," says IMF chief Kristalina Georgieva. 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
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