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The estimate by the International Monetary Fund for the growth of the world economy in 2019 was lowered from 3.5% to 3.3%. As stated in the review of the fund in April, the world economy in 2020 will accelerate growth to 3.6%. According to IMF estimates, the GDP of countries with emerging markets in 2019 will increase by 4.4%, and the rise of developing countries will be at the level of 4.8%. In both cases, the forecast is lowered by 0.1 percentage points. The fund's experts also worsened the growth forecast for the Indian economy from 7.5% to 7.3% in 2019 and from 7.7% to 7.5% in 2020. It is expected that China’s GDP this year will show stronger growth than previously predicted. The rise will be at 6.3%. The IMF also worsened the growth assessment of developed countries in the current year by 0.2 percentage points to 1.8%. Next year, growth is expected to slow to 1.7%. The growth estimate for the United States is reduced for 2019 from 2.5% to 2.3%. Next year, a rise of 1.9% is predicted, which is better than the previous growth estimate of 1.8%. For the eurozone, the economic growth forecast is worsened for this year from 1.6% to 1.3%, for 2020 - from 1.7% to 1.5%.
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
Backed by record-low mortgage rates, U.S. home sales reached its strongest record in June. However, the outlook for the housing market remained murky as low inventory and high unemployment rate pressed amid the virus crisis. Existing home ...
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