World Bank downgrades 2022 global growth forecast to 2.9 pc, warns of stagflation risk

Jun 07, 2022

Washington [US], June 7 (ANI/Xinhua): The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the...

UAE economy expected to grow by 3.8% in 2025: World Bank

Jan 09, 2024

According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise...

World Bank cuts global growth estimate for 2023 over recession risks

Jan 11, 2023

According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates,...

Fitch raises global growth forecast on improved near-term prospects

Mar 14, 2024

Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook...

Growth in developing economies likely to halve in 2022, says World Bank report

Jul 14, 2022

Washington [US)], July 14 : The growth in emerging and developing economies are expected to roughly halve to 3.4 per cent in 2022 in...

World Economic Forum: Global recession likely in 2023, say economists

Jan 18, 2023

The World Economic Forum said there is a "strong consensus" that the prospects for economic growth in 2023 are bleak, especially in Europe and...