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The World Bank has cut the euro area economic growth forecast to 2.5%

World Bank slashes 2022 global growth forecast to 2.9%

The World Bank has slashed its growth estimate for the global economy to 2.9%, 1.2 percentage points below the January forecast, due to the Russian invasion of Ukraine which has caused a severe downturn.

Business • 07 Jun 22

Global growth is expected to decelerate 'markedly' to 4.1% in 2022 from 5.5% last year, the World Bank said today

World Bank sees sharp world growth slowdown

The World Bank has today cut its forecasts for economic growth in the US, the euro zone and China and warned that high debt levels, rising income inequality and new Covid-19 variants threatened the recovery in developing economies.

Business • 11 Jan 22

Kristalina Georgieva, the IMF's Managing Director, said the Covid-19 'calamity' is far from over

IMF chief says global economy facing long climb ahead

The global economy is looking "less dire" than it did in June and the International Monetary Fund will make a "small" upward revision to its 2020 global output forecast, IMF Managing Director Kristalina Georgieva said today.

Business • 06 Oct 20

The OECD's chief economist Laurence Boone

OECD sees deepest peace-time slump in a century

The global economy will suffer the biggest peace-time downturn in a century before it emerges next year from a coronavirus-inflicted recession, the OECD said today.

Business • 10 Jun 20

IMF chief Christine Lagarde says 'history shows that import restrictions hurt everyone, especially poorer consumers'

IMF chief warns against trade protectionism

The International Monetary Fund is optimistic on the outlook for global growth but warned darker clouds are looming due to fading fiscal stimulus and rising interest rates, its Managing Director Christine Lagarde said today.

Business • 11 Apr 18

A new Reuters poll shows that the global economy is predicted to grow 3.7% this year, the fastest pace since 2010

2018 global growth to hit highs not seen in 8 years

The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists shows.

Business • 24 Jan 18

The IMF Has revised up its forecast for global growth to 3.9% for both 2018 and 2019

IMF revises up global growth forecasts

The IMF has revised up its forecast for world economic growth in 2018 and 2019 and said sweeping US tax cuts were expected to boost investment in the world's largest economy and help its main trading partners.

Business • 22 Jan 18

The World Bank says the economic upswing was temporary unless governments adopted policies that would focus on increasing workforce participation.

Emerging markets set to drive global growth: World Bank

The global economy is set to expand by 3.1% in 2018, slightly higher than the growth rate of 3% last year, the World Bank has said.

Business • 10 Jan 18

The state leaders pose for a group photo at the G20 summit in Hangzhou, China

Health of global economy tops G20 agenda

Chinese President Xi Jinping opened the annual G20 summit by emphasising the need for the world's 20 largest economies to safeguard growth by co-ordinating their economic policies.

News • 05 Sep 16

The IMF said the Brexit vote will likely cost the UK's economy almost 1% in economic growth

Brexit to drag on global growth next year - IMF

Britain's decision to leave the European Union could slow global economic growth up to 2017, the International Monetary Fund said today.

Business • 19 Jul 16

Economics Professor Alan Ahearne has urged the government to be prudent

'Keep powder dry' on spending – Alan Ahearne

NUIG Economics Professor Alan Ahearne has cautioned against election promises made by politicians and suggested the Government would be better served "keeping their powder dry" for now.

Election 2016 • 21 Jan 16