World Economy
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Japan’s economy falls into recession after shrinking for 2nd straight quarterThe surprisingly weak performance in a second consecutive quarter saw Japan lose its title as the world's third-largest economy, replaced by Germany.WorldFeb 14, 2024
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World economy ‘not out of the danger zone’ amid conflicts, UN saysThe United Nations issued a somber global economic forecast for 2024 on Thursday, pointing to challenges from escalating conflicts and sluggish global trade.WorldJan 5, 2024
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World economy ‘limping’, IMF says amid uncertainty after Israel attackThe IMF said it expects global economic growth to slow to 2.9% in 2024 from an expected 3% this year. The forecast for next year is down a notch from the 3% predicted back in July.WorldOct 10, 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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Worldwide outlook on economic prospects gloomier than ever before: reportA total of 89% fear losing their job, 74% worry about inflation, 76% are concerned about climate change and 72% worry about nuclear war, the report found.EconomyJan 15, 2023
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Global economy will come ‘perilously close’ to a recession this year, World Bank warnsThe impact of a global downturn would fall particularly hard on poorer countries in such areas as Saharan Africa, which is home to 60 per cent of the world's poor.EconomyJan 10, 2023
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2023 will ‘feel like a recession’ for many, IMF warns in revised global outlookThe International Monetary Fund said its latest World Economic Outlook forecasts show that a third of the world economy will likely contract by next year.EconomyOct 11, 2022
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Stocks whipsaw as U.S. Fed signals more rate hikes to comeA 75-basis-point interest rate hike from the U.S. Federal Reserve, coupled with signals rates will continue to rise, send stock markets into a frenzy on Wednesday.EconomySep 21, 2022
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Global consumers still in ‘pandemic mindset’ despite COVID-19 vaccines: surveyPeople in the world's leading economies remain overwhelmingly nervous about returning to life as normal, even after having being vaccinated against COVID-19.WorldMay 20, 2021
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China trade with world surges as demand recovers from COVID-19, but growth slowsGlobal exports rose 32.3% over a year ago to $263.9 billion, in line with March but down from the explosive 60.6% rise in the first two months of 2021, customs data showed Friday.EconomyMay 7, 2021
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