For much of the global economy, 2023 is going to be a tough year as the main engines of global growth – the United States, Europe and China – all experience weakening activity, the head of the International Monetary Fund said on Sunday. | Reuters
Since then, China has scrapped its zero-COVID policy and embarked on a chaotic reopening of its economy, though consumers there remain wary as coronavirus cases surge. In his first public comments since the change in policy, President Xi Jinping on Saturday called in a New Year’s address for more effort and unity as China enters a “new phase.”
“I was in China last week, in a bubble in a city where there is zero COVID,” she said. “But that is not going to last once people start traveling.” Her comments, however, suggest another cut to both the China and global growth outlooks may be in the offing later this month when the IMF typically unveils updated forecasts during the World Economic Forum in Davos, Switzerland.Meanwhile, Georgieva said, the U.S. economy is standing apart and may avoid the outright contraction that is likely to afflict as much as a third of the world’s economies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
95% of Filipinos upbeat on 2023, survey saysMANILA, Philippines – Despite the challenges that came this year, most Filipinos are ready to welcome 2023 with hope. A survey by Social Weather Stations (SWS), conducted from Dec. 10
Read more »
Vice Ganda on having a baby in 2023: 'Gustong-gusto ko na'Ace comedian Vice Ganda has opened up again on having a baby with real-life partner actor Ion Perez.
Read more »
Group sees stable pork supply in 2023Farmers' group Samahang Industriya ng Agrikultura sees a steady supply of pork in 2023 as the Philippine Statistics Authority reported a 4.5 percent increase in swine production in the third quarter of 2022. Read more:
Read more »