global recession
29 Jan
Gloomy economic forecasts have cast a long shadow over this year's event in the Swiss Alps. But Georgieva said that although the IMF projects 2023 to be "a difficult year" and for growth to fall further, "we don't expect a global recession". She cited resilient labour markets and consumer spending, the post-Covid reopening of China and signs of inflation trending downwards.
7 Jan
The global economy is at an inflection point. The IMF projects that a third of the world economy will be in recession next year. War in Europe, a slowdown in China and soaring inflation have contributed to widespread pessimism around a growing, multifaceted economic crisis.
31 Jul 2022
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be "teetering on the edge of global recession."
Latest
23 mins ago
French and German prosecutors and investigators conducted searches in and around the French capital. Financial prosecutors say the raid focused on dividend stripping.
25 mins ago
Spain: Gang violence on the rise in poor neighbourhoods of Madrid. Five young people, including two minors, were killed in Madrid in 2022 in score-settling between groups of rival gangs, known locally as "bandas latinas" ("Latino gangs").
26 mins ago
US President Joe Biden condemned an epidemic of gun violence against children. He also said that he is planning to visit Nashville and meet families of the school shooting victims.
26 mins ago
Ancient weapons in Sanaa’s Military Museum offer a glimpse into the armed conflicts Yemen has gone through since ancient times. Archaeologists Muhammad Jahzar and Sara al-Dubai talk about the restoration process for the antiquities.
26 mins ago
French financial prosecutors on Tuesday raided several of France's biggest banks, including Société Générale and BNP Paribas, as part of a multicountry investigation into what authorities say is one of Europe's biggest tax thefts.
