World Bank lowers Pakistan's growth forecast to 4.3pc

Apr 14, 2022

Islamabad [Pakistan], April 14 : Citing the additional burden on the budget put by the last-ditch energy subsidies by the outgoing Imran Khan government,...

World Bank says fragile economic conditions might usher in recession

Jan 11, 2023

Given fragile economic conditions, any new adverse development such as higher-than-expected inflation, an abrupt rise in key interest rates to contain it, a resurgence...

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,...

Risk of global recession rises amid simultaneous interest rate hikes: World Bank

Sep 16, 2022

Washington [US], September 16 : As central banks across the world simultaneously hike interest rates in response to inflation, the world may be edging...

Resilience in Asia-Pacific to prevent a global recession: S&P Global Market Intelligence

Jan 08, 2023

The overall economic resilience in the Asia Pacific region is expected to prevent a global recession even though mild recessions are forecast in the...

World Bank cuts India's GDP forecast for 2023-24 by 30 bps

Apr 04, 2023

India's growth, World Bank, said, is expected to be constrained by slower consumption growth and challenging external conditions.