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Added on the 21/05/2019 11:45:00 - Copyright : AFPTV - First images
Surging inflation and severe slowdowns in the United States and China prompted the IMF to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. SOUNDBITE
The OECD raises its global economic growth forecast for 2024, driven by strong performances in the United States and emerging countries while Europe lags behind. The US economy -- the world's biggest -- is now expected to expand 2.6 percent in 2024, up from the 2.1 percent previously expected. But the OECD expects timid growth of 0.7 percent in the eurozone, slightly better than the 0.6 percent previously expected. SOUNDBITE
The International Monetary Fund slightly lowers its outlook for the global economy, predicting the global economy will grow by 2.8 percent this year and three percent in 2024, a decline of 0.1 percentage point from its previous forecasts in January. SOUNDBITE
The European Central Bank slashes its growth outlook for the eurozone to 2.8 percent in 2022 and 2.1 percent in 2023, as Russia's invasion of Ukraine wreaks havoc on the world economy. SOUNDBITE
The OECD trims its 2020 global economic growth forecast and says it does not see a strong rebound in 2021 owing to risks stemming from trade tensions. SOUNDBITE
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