IMF: The Russian war against Ukraine was a turning point for the global economy. The Russian aggression has had severe consequences for the global economy, and has become a turning point for the world’s future, said the deputy head of the IMF, Gita Gopinath. The war has incr... #GitaGopinath #GlobalEconomy #Globalinflation #imf #UkraineEconomy #WarinUkraine
The world’s debt has already exceeded $315T and continues to grow. According to the Institute of International Finance (IIF), global debt reached $315T in the first quarter of 2024, almost three times more than the expected global GDP of $109T in 2024. The world has ... #BankLoans #GlobalEconomy #GlobalGDP #WorldDebt
What hinders the work of food producers in Ukraine and globally? According to global consulting firm WTW, 48% of the world’s food and beverage companies cite business interruption as the biggest internal risk to their success. Supply chain risks come in next ... #BusinessActivityExpectations #FoodProcessing #FoodProducts #GlobalEconomy #WTW
Global trade in goods will grow by 2.6% this year and by 3.3% in 2025, the World Trade Organization predicts. Last year, global merchandise turnover decreased by 1.2%. In terms of value, the export of goods fell by 5% to $24.01 trillion. Import volumes decreased in most ... #GlobalEconomy #GlobalGDP #GlobalTrade #TradeTurnover #WTO
Sitting on two chairs: The US criticizes Ukraine’s strikes on Russian refineries over fear of rising global fuel prices. US Defense Minister Lloyd Austin criticized Ukrainian strikes on oil refineries in Russia. He stated that these strikes could negatively affect the availability of energy resources globally. “It... #EnergyCrisis #GlobalEconomy #GlobalFuelPrices #LloydAustin #OilRefineryRussia #RussianOil #WarinUkraine
Analysts have calculated the losses for the world’s economies from the war. Russia’s war against Ukraine has led to gigantic economic losses not only in Ukraine, but also in third countries. In Ukraine alone, GDP losses will amount to about $120B by 2026, according to a... #GDPinUkraine #GlobalEconomy #GlobalGDP #MoritzSchularik #UkraineEconomyLosses #WarinUkraine
The OECD has improved its economic forecast for 2024. The Organization for Economic Co-operation and Development (OECD) has improved its 2024 global economic growth forecast to 2.9% from the 2.7% it anticipated in November. The GDP growth forecast for 20... #GDPforecast #GlobalEconomy #Globalinflation #OECD #OECDforecast
The IMF adjusted its global economic growth forecast in a positive direction. The International Monetary Fund raised its forecast for global economic growth in 2024 by 0.2 percentage points to 3.1%. In 2025, an increase of 3.2% is expected. The outlook has improved from last Oc... #GlobalEconomy #imf #IMFforecast #WorldEconomyForecast
Leading analysts predict a slowdown in the growth of the world economy. The pace of global economic growth will slow in 2024, according to more than half (56%) of the chief economists surveyed as part of the World Economic Forum (WEF) in Davos. The remaining respondents e... #Davos #GlobalEconomy #imf #worldeconomicforum
The World Bank has worsened its growth forecast for Ukraine and for the world’s economies. The World Bank, in its updated review of the global economy, improved its estimate of Ukraine’s GDP growth in 2023 to 4.8% and predicted a slowdown in recovery to 3.2% in 2024. In 2025, growth, ... #GDPinUkraine #GlobalEconomy #UkraineEconomy #worldbank #WorldBankForecast
The UN does not see positive prospects for the global economy, but they recognize the stability of the Ukrainian economy. In the UN Report on the World Economic Situation and Prospects for 2024, analysts predict that the growth rate of the world economy will slow from 2.7% last year to 2.4% in 2024. Economists predict th... #GlobalEconomy #Globalinflation #UkraineEconomy #UN #WorldEconomyForecast
Global food prices fell by 10.1% in December 2023, compared to the same month in 2022, and by 1.5% compared to November, according to a report from the Food and Agriculture Organization of the UN (FAO) report. According to the experts, in 2023 the index was 13.7% below the previous year’s average, and only the int... #FAO #FoodPrices #GlobalEconomy #GlobalFoodPrices
The global economy suffers from the war in Ukraine and the pandemic. The global economy has demonstrated resilience to a few negative shocks — pandemics, wars, climate events, and the cost-of-living crisis. The recovery from these shocks continues slowly and unevenly, ... #GlobalEconomy #GlobalPandemic #imf #KristalinaGeorgieva #WarinUkraine
The UN gives an estimate for the cost of restoring Ukraine and the economic forecast for the world economy. The UN has estimated that the amount needed to restore Ukraine’s infrastructure is already $411B. The organization’s report notes that despite financial assistance from international organ... #GlobalEconomy #UkraineReconstruction #UnitedNations #WarinUkraine #WorldEconomyForecast
World Bank: The global economy is at risk of a “lost decade”. Between 2022 and 2030, the potential average global GDP growth will slow to 2.2%, below the zero-year rate, the bank said. For developing countries, the decline will be just as steep, from 6% in 2000-... #GlobalEconomy #GlobalGDP #worldbank
The EuroChambres predicts difficult times for the global economy. The international business community expects a challenging year in 2023, according to the association’s website. In the European Parliament’s global economic survey based on the responses from t... #EuroChambres #GlobalEconomy #Globalinflation
The World Bank predicts the second global recession in the last 10 years and lowered its forecast for global GDP this year to 1.7%. The World Bank almost halved its global economic growth forecast in 2023 to 1.7% and, in 2024, to 2.7%, according to the World Bank report. It notes that global economic growth is slowing sharply amid... #GDPforecast #GlobalEconomy #WorldBankGroup
The World Bank declares a high risk of global recession. The World Bank’s report on the global economic outlook notes that even without a new large-scale crisis, global growth is expected to slow significantly in 2023 amid the strengthening of several... #GlobalEconomy #Globalinflation #worldbank
The S&P has worsened the forecast for the global economy due to the war in Ukraine. The international rating agency S&P Global Ratings lowered its economic growth estimates for 2023. Analysts explained their forecast by noting pressure from the Russian Federation’s war agai... #GlobalEconomy #Globalinflation #StandartandPoor
The IMF and the World Bank have announced a growing risk of global recession. The heads of the IMF and the World Bank, Kristalina Georgieva and David Malpass, warned of the increasing risks for a worldwide recession that could begin in 2023. The basis for this warning is a slow... #DavidMalpass #GlobalEconomy #KristalinaGeorgieva
The missile strikes on Ukraine shook the world’s stock markets. On October 10, global stocks fell after Russia’s assault of Ukraine. The renewed concern for the global economic outlook has sent investors into safe-haven assets such as the dollar and bonds. The MSC... #GlobalEconomy #WarinUkraine #World’sStockMarkets
The IMF has downgraded the global economy’s outlook due to Russia’s war against Ukraine. IMF Managing Director Kristalina Georgieva said that global economic growth in 2022-2023 will decline even more than previously forecast, covering 143 countries worldwide. “In January, we lower... #GlobalEconomy #imf #ukraine
Russia’s war against Ukraine will negatively affect the entire global economy. Russia’s war in Ukraine and unprecedented sanctions against Russia have already triggered a reduction in international trade and higher prices for energy and food, which are bound to have a neg... #GlobalEconomy #GlobaleconomyandWarinUkraine #WarinUkraineandGlobalEconomy
