world economy
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OECD increases global GDP growth forecast for 2023
World economy expected to grow by 3.0% this year, before slowing down to 2.7% next year, says Paris-based organization The…
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IMF raises growth expectation for world economy
World economy expected to grow by 3% in 2023, 2024 The International Monetary Fund (IMF) has raised its gross domestic…
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World alumina production surges to 11.9 tonne in May
During January-May 2023, world alumina production totalled 56.715mln tonnes World alumina production in May 2023 recorded a monthly recovery of…
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Recession to hit 1/3rd of world economy this year, says IMF chief
2023 to be tougher than last year for most of world economy as US, EU, China slow down, says Kristalina…
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‘Shadow banks’ indebted firms to be launch pad for next crisis, warns Nobel-winner economist
Unregulated shadow banking sector, medium-size and large companies hold much of debt, risk in world economy, says Douglas Diamond, winner…
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IMF raises growth forecasts for the Turkish economy
The International Monetary Fund (IMF) raised its growth forecasts for the Turkish economy from 2.7% to 4% for 2022, and…
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World economy in ‘danger of stagflation,’ warns World Bank
Bank also slashed its 2022 global growth forecast to 2.9%, significantly lower than January’s 4.1% The global economy now faces…
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Long-lasting global recession likely due to COVID-19, says World Economic Forum report
Risk managers expect a prolonged global recession as a result of the coronavirus pandemic, a report by the World Economic…
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Turkey can reposition in supply chains amid COVID-19
COVID-19 pandemic may offer Turkey ‘huge opportunity’ as virus continues to impact world economy, says German businessman Turkey can reposition…
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IMF raises its Economic forecast for Turkey, lowers World Economy growth expectations
The International Monetary Fund has lowered its expectation for the world economy this year from 3.2% to 3%, but upped…
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