World Bank warns global economy could tip into recession in 2023 - BusinessWorld Online

Indonesia Berita Berita

World Bank warns global economy could tip into recession in 2023 - BusinessWorld Online
Indonesia Berita Terbaru,Indonesia Berita utama
  • 📰 bworldph
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

The World Bank slashed its 2023 growth forecasts to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia’s war in Ukraine continues and the world’s major economic engines sputter. READ:

People walk wearing masks outside The Federal Reserve Bank of New York in New York City, U.S., March 18, 2020. — REUTERS

It forecast global growth in 2024 to pick up to 2.7% — below the 2.9% estimate for 2022 — and said average growth for the 2020-2024 period would be under 2% — the slowest five-year pace since 1960. The bleak outlook will be especially hard on emerging market and developing economies, the World Bank said, as they struggle with heavy debt burdens, weak currencies and income growth, and slowing business investment that is now forecast at a 3.5% annual growth rate over the next two years — less than half the pace of the past two decades.

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

bworldph /  🏆 9. in PH

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

World Bank cuts 2023 world growth to 1.7% in ‘sharp, long-lasting slowdown’World Bank cuts 2023 world growth to 1.7% in ‘sharp, long-lasting slowdown’Global growth is expected to slow "perilously close" to recession in 2023, the World Bank said Tuesday, slashing its economic forecast on high inflation, rising interest rates and Russia&39;s invasion of Ukraine.
Baca lebih lajut »

Marcos to ‘soft launch’ Maharlika Wealth fund in 2023 World Economic ForumMarcos to ‘soft launch’ Maharlika Wealth fund in 2023 World Economic ForumPresident Ferdinand Marcos Jr. will introduce the proposed Maharlika Wealth fund on the world stage during the 2023 World Economic Forum, the Department of Foreign Affairs said. | DYGalvezINQ
Baca lebih lajut »

GIZGUIDE New Year Gift Guide 2023: Some of the best cameras in the Philippines
Baca lebih lajut »

Meralco raises power rates in January 2023Meralco raises power rates in January 2023Higher generation charges and the completion of a refund lead to a rate increase for Meralco customers.
Baca lebih lajut »

Airport authority sees 2023 revenue rising 36% to P11.5B - BusinessWorld OnlineAirport authority sees 2023 revenue rising 36% to P11.5B - BusinessWorld OnlineTHE Manila International Airport Authority (MIAA), which manages the Ninoy Aquino International Airport, said it expects revenue to rise 36% to P11.46 billion this year, with a capital expenditure target of P2.69 billion, up 98%. The budget for maintenance and other operating expenses has been raised by 18% to P5.42 billion. Operating expenses include water, […]
Baca lebih lajut »



Render Time: 2025-03-16 17:15:58