In a recent update, the World Bank (WB) revised down its projections for China’s economic growth in 2023. Growth is now estimated at 5.2 %, marking an adjustment with respect to the previous forecast of 5.6 % made last June.
The Washington-based institution also revised up its forecasts for 2024,…
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economic forecast
Russian economy will contract by 3%
The Russian Government estimates that its economy will register a contraction of less than 3% during 2022, while the fall for next year will be less than 1%, according to the latest perspectives released by the country's deputy prime…
ECB predicts economic growth in the European region
The euro zone economy will grow this year at a rate of 4 %, one tenth more than expected last December, although in 2020 the rebound will be 4.1 % instead of the 4.2 % previously estimated. Meanwhile, the bloc's inflation rate will…
IMF assures the current crisis will be worse than 2008
The International Monetary Fund (IMF) has issued new forecasts regarding the world economy, considering that it is already in a recession "more dramatic" than that of 2008, according to what the director of the institution Kristalina…