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Added on the 26/07/2017 15:52:24 - Copyright : Euronews EN
The Executive Vice-President of the European Commission in charge of the Economy, Valdis Dombrovski, says that the EU Commission will again cut its growth forecast for this year and hike its expectations for inflation. SOUNDBITE
The IMF downgrades its forecast for global economic growth this year, citing the impact of the Omicron variant of Covid-19, which contributed to a slowdown in the United States and China. World GDP is forecast to expand 4.4 percent this year, half a point lower than its previous estimate released in October, says IMF First Deputy Managing Director Gita Gopinath. SOUNDBITE
The International Monetary Fund's World Economic Outlook now sees world growth of 6.0 percent this year after the contraction of 3.3 percent in 2020 amid the Covid-19 pandemic, IMF chief economist Gita Gopinath says. SOUNDBITE
Klang, Dec 17 (EFE/EPA).- Malaysia's economy is expected to grow by 6.7 percent in 2021 following a projected contraction of 5.8 percent in 2020 caused by the Covid-19 pandemic, according to the latest edition of the World Bank Malaysia Economic Monitor: Sowing the Seeds published on Wednesday. (Camera: FAZRY ISMAIL).SHOT LIST: WORKERS PRODUCE COFFEE AT THE CHUAN HOE COFFEE FACTORY IN KLANG, OUTSIDE KUALA LUMPUR, MALAYSIA.
"In 2019, we expect slower growth in nearly 90 percent of the world. ... the world economy is now in synchronized slowdown," says the newly-installed IMF chief Kristalina Georgieva in a speech ahead of IMF-World Bank annual meetings next week. SOUNDBITE
The euro zone economy is set to start the new year on a solid footing with business growth in Germany and Italy accelerating to multi-year highs last month. But as David Pollard reports, calls for further easing from the ECB are unlikely to fade as firms continued to cut prices.