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Added on the 30/04/2015 10:42:33 - Copyright : Reuters EN
Federal Open Market Committee (FOMC) members have more than doubled the median projection for economic growth this year to 2.1 percent, says Jerome Powell, the US Federal Reserve Chairman. 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
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 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
Beijing, Oct 18 (EFE/EPA).- China's gross domestic product (GDP) grew 4.9 percent year-on-year in the third quarter, down from the 7.9 percent growth in the second, official data published Monday showed.The third-quarter growth is slightly lower than expected by analysts, who had forecast the economy to grow by around 5 percent.The growth eased to 0.2 percent in July-September from 1.3 percent in the second quarter. (Camera: WU HONG).SHOT LIST: PEOPLE WALK IN THE CENTRAL BUSINESS DISTRICT (CBD) IN BEIJING, CHINA.
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