Global Economy
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Global debt hit record US$97T last year, 30% owed by developing nations: UNIn a report released Tuesday, the United Nations said that high interest payments are outstripping growth in essential public spending around the world.WorldJun 4
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Global trade forecast for 2024 ‘highly uncertain’ after 5% contraction in 2023: UN bodyGlobal trade is set to contract by five per cent in 2023 compared to last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.WorldDec 11, 2023
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‘Too early to tell’ what economic impact of Israel-Hamas conflict will be: MacklemBank of Canada Governor Tiff Macklem says the central bank will be deciding whether to exert patience at its next rate meeting or hike rates further.EconomyOct 13, 2023
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Risk of ‘hard landing’ for global economy has ‘risen sharply,’ IMF warnsThe IMF has dimmed its outlook for the world economy this year amid high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks.EconomyApr 11, 2023
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World Bank raises 2023 growth outlook but warns on banking turmoil, oil pricesWorld Bank Group President David Malpass said on Monday that the lender has revised its 2023 global growth outlook slightly upward.EconomyApr 10, 2023
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Global economic outlook has improved but recovery fragile, OECD saysThe global economic outlook has improved from a few months ago as the inflation shock eases but rising interest rates will keep risks high, the OECD said on Friday.EconomyMar 17, 2023
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IMF projects rosier global economic outlook for 2023, expects inflation to easeThe International Monetary Fund now expects the world economy to grow 2.9 per cent this year thanks to China dropping its zero-tolerance COVID-19 measures.EconomyJan 30, 2023
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Global economic growth will slow to 1.9% in 2023: UNFor the world's least developed countries, the U.N. said growth is projected at 4.4% this year, about the same as last year but significantly below the UN's target of 7% by 2030.EconomyJan 25, 2023
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Amazon layoffs: Company to cut nearly 18K jobs in Canada, U.S., Costa RicaAmazon will cut some jobs in the United States, Canada and Costa Rica by the end of Wednesday as part of its plan to lay off 18,000 employees.TechJan 18, 2023
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Recession or soft landing? Big bank economists weigh in on Canada’s economic fateCanada's big bank economists poured some fuel on the fire of recession calls on Friday, indicating that the economy is headed for a slowdown in 2023.EconomyJan 13, 2023
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