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Added on the 12/10/2021 16:12:33 - Copyright : AFPTV - First images
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. 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
Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost. 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
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
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