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IMF cuts global growth forecast
The International Monetary Fund on Tuesday slashed its forecast for global economic growth by nearly a full percentage point, warning that inflation was now a "clear and present danger" for many countries.
WTO lowers 2022 global trade growth forecast amid COVID
The World Trade Organization (WTO) on Tuesday revised down its forecast for global trade growth this year to 3% from 4.7% and warned of a potential food crisis caused by surging prices.
IMF cuts 2022 global growth forecast as U.S., China recovery wanes
The International Monetary Fund has downgraded its global growth forecast for this year as rising COVID-19 cases, supply chain disruptions and higher inflation hamper economic recovery.
COVID vaccine hopes lift IMF's global growth forecast
Hopes of a "vaccine-powered" pickup in activity later this year have led the International Monetary Fund (IMF) to upgrade its forecast for global economic growth in 2021.
IMF raises growth forecast for Turkey, points at financing risks
The International Monetary Fund raised its growth forecast for Turkey’s economy amid the coronavirus vaccine rollout, while warning the pandemic response worsened preexisting financial risks.
Thai central bank holds key rate, cuts 2021 growth forecast
The Bank of Thailand kept its benchmark interest rate unchanged for a fifth straight meeting to preserve its limited policy space, while reiterating concerns about a currency rally and lowering its economic growth forecast for next year.
South African economy to shrink by more than government's 7% forecast in 2020: Mboweni
South Africa’s economy will likely contract this year by more than the seven percent previously forecast by the Treasury, Finance Minister Tito Mboweni said in an opinion piece published on Sunday.
EBRD cuts GDP forecast for 37 countries, sees 3.5% contraction
The European Bank for Reconstruction and Development (EBRD) drastically slashed its economic outlook for the 37 countries in its region on Wednesday, forecasting a contraction of 3.5 percent this year as a result of a sharp hit to tourism, remittances and commodity prices from fallout from the coronavirus.
EU forecasts ‘recession of historic proportions’ this year
The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official estimates of the damage the pandemic is inflicting on the bloc’s economy.
BoJ holds fire, nudges up growth forecast
The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s stimulus package and receding pessimism over the global outlook took some pressure off the central bank to top up stimulus.
Lack of forecast rains to prolong Australian bushfires threat
Official weather forecasts for Australia out on Thursday showed no substantial rains for at least three months, providing grim news as firefighters battle to get more than 100 bushfires raging across the east coast under control.
Singapore slashes 2019 growth forecast stoking recession fears
Singapore slashed its full-year economic growth forecast on Tuesday as global conditions were seen worsening and data confirmed the slowest growth rate in a decade amid mounting fears of recession in the city-state.
Global growth forecast cut by IMF amid trade tensions
The International Monetary Fund (IMF) has cut its growth forecasts for the global economy for this year and next.
UK finances forecast to suffer under most forms of Brexit
Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found.
Huawei founder says revenue will be billions below forecast
Huawei’s founder likened his company to a badly damaged plane on Monday and said revenues will be $30 billion less than forecast over the next two years.

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