The IMF has worsened its forecast for the global economy in 2022 and 2023 - GDP growth will slow to 3.6% in 2022 and 2023. The International Monetary Fund (IMF) has published a new forecast for the world economy, the World Economic Outlook, in which it downgraded GDP growth figures. IMF analysts...

The International Monetary Fund lowered its prediction for  global economic growth by almost a full percentage point on Tuesday, because of Russia's invasion of Ukraine, while also issuing a warning that inflation has become a "clear and present concern" for many countries....

The World Bank has cut its global economic growth expectations for 2022 from 4.1 percent to 3.2 percent, said David Malpass, the organization's president. Mr. Malpass expects that growth would decelerate due to the situation in Ukraine, Chinese lockdowns due to the coronavirus, rising oil,...

According to first quarter filings and experts, the future for banks' home lending portfolios is bleak, with rising interest rates scaring away would-be mortgage consumers.   According to data from the Mortgage Bankers Association, the average interest rate on a 30-year fixed-rate mortgage,...

The Russian invasion of Ukraine has forced the World Bank to lower its prediction for global growth for 2022 by nearly a half a percentage point, to 3.2 per cent from 4.1 per cent, according to World Bank President David Malpass.   On a conference call with...

The third consecutive monthly increase in U.S. factory activity was fueled by a dramatic comeback in automobile output in March, possibly hinting that the worst of the production troubles that have plagued the auto industry over the last year are passed.   The Federal Reserve reported on...

The worsening bottlenecks in global supply chains and increasing rates of inflation resulting from the Russian war in Ukraine prompted the World Bank to slash cut its economic growth prediction for India as well as the whole South Asian region.   With respect to India, the international...

In light of the coronavirus pandemic and the situation in Ukraine, Kristalina Georgieva, the president of the International Monetary Fund, said there was a "risk" of greater fragmentation of the global economy into geopolitical blocs. "Our ability to resolve the twin crises of pandemic and war is...

According to a Reuters poll, China's economic growth would likely fall to 5.0 percent in 2022 due to further COVID-19 outbreaks and faltering global recovery, putting more pressure on the central bank to loosen policies further.   The projected growth rate for 2022 is lower than the 5.2 per...