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Browsing: US BANKING CRISIS
- The International Monetary Fund (IMF) says global economic growth is set to decline marginally as ongoing banking industry turmoil raises uncertainties.
- IMF’s World Economic Outlook for April 2023 update indicates that global output will fall to 2.8 per cent in 2023 from 3.4 per cent last year, before rising to 3 per cent in 2024.
- Advanced economies to experience a slowdown to 1.3 per cent in 2023 from 2.7 per cent in 2022 as the world economy recovers from the unprecedented upheavals of the last three years.
Global economic growth is likely to decline marginally as the US banking turmoil raises uncertainties in the markets, the International Monetary Fund (IMF) has warned.
IMF’s World Economic Outlook for April 2023 update indicates that global output growth will decrease to 2.8 per cent from 3.4 per cent last year, before rising to 3 percent in 2024,
According to the report, advanced economies …
