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The World Bank is a global development institution that works to reduce poverty and increase shared prosperity around the world. The World Bank provides news, articles, and videos about its work, projects, and global initiatives. News: The World Bank regularly provides news about its initiatives, projects, and progress in reducing global poverty and increasing shared prosperity. The World Bank news page is updated on a regular basis with the most recent stories and announcements. Articles: The World Bank publishes a range of articles on a variety of topics related to global development and poverty reduction. These articles are written by World Bank experts and provide an in-depth look at a range of issues related to the organization’s work. Videos: The World Bank produces a range of videos which provide an insight into the organization’s work around the world. These videos cover topics such as poverty reduction, education, healthcare, and economic growth.
THE WORLD BANK maintained its Philippine gross domestic product (GDP) growth forecasts for this year and 2026, amid heightened uncertainty and slowing global growth. In its latest East Asia and Pacific Economic Update released on Tuesday, the multilateral lender kept its growth outlook for the Philippines at 5.3% this year and 5.4% for 2026, unchanged […]
The Philippines, despite its own challenges, is on track to achieve upper middle-income status by the end of this year or in 2026 — a milestone defined by the World Bank based on gross national income per capita. Beyond economic symbolism, this signals real improvements in the quality of life for many Filipinos. But to […]
With Japanese market shut as well and an empty economic calendar, we’re bound to see sentiment-driven trading in a daily perspective with some distraction coming from the annual IMF/World Bank meeting kickoff. Asian markets still suffer from Trump’s latest tariff threat, despite the US administration late yesterday signalling it remains open to a deal.
U.S. Treasury Secretary Scott Bessent on Monday sought to walk back the threat, telling Fox Business Network that he believed the Trump-Xi meeting would proceed and that there would be U.S.-China staff-level meetings this week on the sidelines of the IMF and World Bank gathering. "The 100% tariff does not have to happen," Bessent said. "The relationship, despite this announcement last week, is good. Lines of communication have reopened, so we'll see where it goes."
Thailand needs to capitalize on its strengths and open its service sector to drive economic growth. Key strategies include investing in human capital, simplifying business processes, and promoting digital innovation.
The IMF forecast comes after the World Bank, which on October 7 updated its outlook for India, raising the FY26 growth forecast to 6.5 per cent from 6.3 per cent while lowering the FY27 projection to 6.3 per cent, citing concerns over US trade policy. Get more Economy & Infra News and Business News on Zee Business.