IMF forecasts inflation could remain high until 2025, affecting global growth
12 April 2023 |
12:36 pm
During its annual Spring Meeting in Washington, the International Monetary Fund has revised its forecasts upward to 7 percent for global inflation this year and 4.9 percent in 2024. Those figures, above the target rate of 2 percent, will be contributing factors in slowing down growth, including for developing economies.
Related
Related
1 day ago
The European Commission on Wednesday announced it is launching an investigation into Chinese public procurement of medical devices.
2 days ago
The German government revised its economic growth forecast for 2024 marginally from 0.2% to 0.3%, Economy Minister Robert Habeck confirmed on Wednesday afternoon.
1 day ago
Private sector players are urging the Nigerian government to suspend the increase in electricity tariff for band A customers, citing the recent appreciation of the naira, a part of the determining factor for the tariff. Segun Ajayi-Kadir, Director General of the Manufacturers Association of Nigeria, joins CNBC Africa for this and more.
2 days ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
Boeing said Wednesday that it lost $355 million on falling revenue in the first quarter, another sign of the crisis gripping the aircraft manufacturer as it faces increasing scrutiny over the safety of its planes and accusations of shoddy work from a growing number of whistleblowers.
1 day ago
FG to integrate over 20% unbanked Nigerians into banking system says Shettima and more
Latest
1 hour ago
Drought, wildfires, floods and record heat in Europe: Last year was one of extreme climate impacts for humans and nature. But there's also some positive news.
1 hour ago
The Dambe sport is more than just a fist fight, it is deeply rooted in the tradition of the Northerners of Nigeria. The sport has caught the attention of the federal government, but Jibrin Inuwa Baba, a kickboxing champion calls for the modernization of the risky game while upholding the culture that binds the people.
1 hour ago
The number of people suffering acute food insecurity rose in 2023 for the fifth year in a row, according to a UN-led report. Conflicts, extreme weather and economic shocks are worsening the food crisis many people face.
1 day ago
Taiwan's claim to be a regional bastion of human rights is undermined by its retention of capital punishment, activists say as they campaign to exonerate the island's oldest death row prisoner.
1 day ago
Thousands of people in Portugal are marking the fiftieth anniversary of the country's Carnation Revolution – a military coup that put an end to Europe's longest dictatorship and to 13 years of colonial wars in Africa.
×
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.
0 Comments
We will review and take appropriate action.