IMF Revises Its Economic Outlook As Global ‘Soft Landing’ Seems Likely LeapRate

January 30, 2024 BY Simon Mugo

IMF Revises Its Economic Outlook As Global ‘Soft Landing’ Seems Likely

IMF Chief Economist Pierre-Olivier Gourinchas highlighted the updated World Economic Outlook, indicating that the global economy is approaching a 'soft landing' phase. However, he cautioned that while inflation is steadily declining and growth is maintained, the expansion's pace remains slow, and potential challenges lie ahead. The IMF's optimism is bolstered by increased public and private…

August 14, 2023 BY Elizabeth Anderson

U.K. families lose savings due to meagre GDP growth

Darren Morgan, Director of Economic Statistics at ONS, suggested that hot weather and an extra May bank holiday for the coronation of King Charles III helped to shake off further decline. Despite these factors, the cost-of-living crisis has been driven by the highest inflation in 4 decades, interest rate hikes on fixed-rate mortgages and a…

June 28, 2019 BY Valentina Kirilova

Exclusive: Global economy: Tensions and weak growth

LeapRate Exclusive... Global economic growth fell to its lowest level in three years and is now on its way to stability, but the recovery momentum is fragile and at high risk. International trade and investment were weaker than expected at the beginning of the year. Economic activity in the major developed economies, especially the euro…

Tag: Global economic growth