News from World

tag: Fondo Monetario Internazionale

15 February 2023

Global shipping costs collapse

Container shipping costs plunged in the last year as inflation slowed consumer spending. The widespread bottlenecks at ports — at one point last year more than 100 ships were waiting to dock at the Los Angeles port — have also largely dissipated, the Financial Times reported.

03 February 2023

China's economy is recovering, what does that mean?

China’s economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions, providing a boost to the global economy. When China’s growth rate rises by 1 percentage point, growth in other countries increases by around 0.3%. That underscores how domestic reforms could boost China’s economy and that of others too. [China’s Economy is Rebounding, But Reforms Are Still Needed – IMF]

31 January 2023

“Surprisingly resilient”: IMF raises global growth forecasts

The world will probably avoid a recession in the next two years, the International Monetary Fund said. The multilateral lender upgraded its forecasts, driven largely by an end to China’s zero-COVID policy, a less-severe-than-expected energy crisis, and a successful fight against inflation. [‘Surprisingly resilient’: IMF lifts global growth forecasts – Al Jazeera]

16 January 2023

A gloomy economic picture

Growing protectionism and worsening international cooperation could badly damage the world economy, the International Monetary Fund said. Its report, released on the eve of the Davos summit — a paean to free trade and global integration — argues that poorer countries would be hit harder than rich ones. The projections add to continued gloom over economic prospects worldwide, with economists still predicting a recession as likely, despite signs of slowing inflation and hopes that China’s abandonment of zero-COVID could boost growth. [Confronting Fragmentation Where It Matters Most: Trade, Debt ... – IMF]

11 January 2023

The global economy is on a “razor’s edge” and may fall into recession this year, the World Bank said

The international institution downgraded its projections for global growth, following in the footsteps of the International Monetary Fund, which voiced similar worries. “Our worst-case scenario is now our baseline scenario,” a World Bank economist told the Financial Times.

15 November 2022

The slowdown in global economic growth is increasingly evident, according to global data from the Purchasing Managers Index (PMI)

Global economic growth is facing a unique mix of headwinds, including Russia's invasion of Ukraine, interest rate hikes to contain inflation, and lingering effects of the pandemic such as lockdowns in China and disruptions in supply chains. In turn, the latest IFM World Economic Outlook lowered the global growth forecast for next year to 2.7%, and countries representing more than 1/3 will contract this year and next. Moreover, the latest report prepared for the G20 confirms the gloomier outlook.

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