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GDP News The World Bank cuts global GDP outlook for 2020 The World Bank has cut its global GDP growth forecast for 2020 due to the ongoing coronavirus pandemic. The World Bank now expects the global economy to contract by 5.2 percent this year, a downgrade from its April forecast of a 3 percent contraction. The World Bank said that the pandemic had caused “an unprecedented shock” to the global economy and “far-reaching economic, social, and political consequences.” The bank warned that the global economy could face a significant risk of a “protracted recession” if the pandemic is not contained. It also warned that the economic impact of the pandemic could have long-lasting effects on the wellbeing of individuals and societies. The World Bank also warned that the global economic recovery could be “sluggish” and “uneven” as countries struggle to contain the virus and address the economic fallout. It emphasized the importance of continued fiscal and monetary policy support to help countries and businesses weather the crisis. The World Bank also highlighted the need for an effective international response to the crisis, including an “ambitious” and “coordinated” global effort to
In June 2025, Sweden's economy grew by 0.5% compared to the previous month, recovering from an updated 0.8% decline in May. This represents the strongest monthly rise in economic activity over the past three months. Year-over-year, the GDP increased by 1.0% in June, following a revised 0.4% increase in May.The material has been provided by InstaForex Company - www.instaforex.com
The Swedish economy experienced a slight growth of 0.1% from one quarter to the next in the second quarter of 2025, following a 0.2% decrease in the first quarter, as indicated by a preliminary estimate. Mattias Kain Wyatt, an economist from Statistics Sweden, noted that despite a dip in May, the economy picked up in June, leading to the modest growth observed over the quarter. Annually, the GDP increased by 0.9% in the quarter ending in June, maintaining the same rate as the previous quarter.The material has been provided by InstaForex Company - www.instaforex.com
THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for 2026 but kept its projection for this year amid heightened global uncertainty. In its latest World Economic Outlook (WEO), the IMF upwardly revised its 2026 Philippine growth forecast to 5.9% from 5.8% previously. However, this would be below […]
THE INTERNATIONAL Monetary Fund (IMF) raised its gross domestic product (GDP) growth forecast for the Philippines for 2026 but kept its projection for this year amid heightened global uncertainty. Read the full story.