World Bank says global economy could tip into recession The World Bank has slashed its 2023 growth forecasts to levels teetering on the brink of recession for many countries as the impact of central … Business • 11 Jan
Donohoe to represent Ireland, Euro Area at IMF meeting The Minister for Finance is travelling to Washington DC today to attend the annual meetings of the International Monetary Fund and World Bank. Business • 11 Oct 22
IMF and World Bank warn of recession next year The leaders of the IMF and World Bank have said much of the world will slide into recession next year, and that lost output between … Business • 10 Oct 22
World Bank sees rising risk of global recession in 2023 The world may be edging toward a global recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, the World … Business • 16 Sep 22
Asian stocks rise, but investors cautious of rate hikes Asia stocks rose today, encouraged by a rally on Wall Street, but gains were kept in check by worries that aggressive central bank policy tightening … Business • 08 Jun 22
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 … Business • 07 Jun 22
World Bank says war in Ukraine may trigger recession World Bank President David Malpass has suggested that Russia's war in Ukraine and its impact on food and energy prices, as well as the availability … Business • 26 May 22
World faces biggest energy shock since 1970s Energy prices have surged since the Russian invasion of Ukraine and, along with other commodities, are likely to remain at "historically high" levels up to … Business • 26 Apr 22
War to cut Ukraine's GDP output by over 45%, World Bank Ukraine's economic output will likely contract by a staggering 45.1% this year as Russia's invasion has closed businesses, slashed exports and rendered economic activity impossible … Business • 11 Apr 22
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, … Business • 11 Jan 22
World Bank warns of uneven global recovery Fueled by widespread Covid-19 vaccinations in advanced nations, the world economic recovery has picked up speed, but the upbeat outlook obscures a worrying picture in … Business • 08 Jun 21
Cut the debt of poor countries, Pope tells IMF Pope Francis has told world financial chiefs that poor countries hit by the economic impact of the coronavirus need to have their debt burden reduced … Business • 08 Apr 21
Stimulus, virus battle key for global economy recovery Global finance leaders have said the world economy had escaped a coronavirus-triggered collapse so far, but warned that failure to conquer the pandemic, maintain stimulus … Business • 14 Oct 20
Pandemic could push 115 million into extreme poverty As many as 115 million people could be pushed into extreme poverty this year due to the economic downturn caused by the coronavirus pandemic, the … Business • 08 Oct 20
Galway best Irish city for starting a business - report A report on the cost of doing business in Irish cities has found that development contribution fees in Dublin are over five times higher than … Business • 26 Nov 19
World at risk of pandemics 'that could kill millions' The world is facing a mounting threat of disease pandemics that could kill millions and wreak havoc on the global economy, a international expert panel … World • 18 Sep 19
World Bank sustainable bond to be listed in Dublin The World Bank has raised €1.5 billion from a 10-year Global Sustainable Development Bond, which will be listed on the Euronext Dublin exchange. Business • 16 May 19
Amid trade tensions & Brexit worries, IMF cuts outlook The International Monetary Fund has today cut its global economic growth forecasts for 2019 and warned growth could slow further due to trade tensions and … Business • 09 Apr 19
Trump nominates top US diplomat to lead World Bank US President Donald Trump has said that the World Bank Group should be led by US Treasury official David Malpass. World • 06 Feb 19
World Bank sees global growth slowing in 2019 The growth of the global economy is expected to slow to 2.9% in 2019 compared with 3% in 2018, the World Bank has said, citing … Business • 09 Jan 19
World Bank President Jim Yong Kim announces resignation World Bank President Jim Yong Kim has said he would step down next month, more than three years before his current term was due to … Business • 08 Jan 19
Donohoe talks in US to focus on US-Irish relations Minister for Finance Paschal Donohoe is in Washington this week for a series of meetings with senior US politicians as well as officials of the … Business • 10 Dec 18
Nearly half the world lives on less than $5.50 a day Despite progress in reducing extreme poverty, nearly half the world's population lives on less than $5.50 a day, with a rising share of the poor … Business • 17 Oct 18
IMF's Lagarde warns against trade and currency wars International Monetary Fund Managing Director Christine Lagarde has warned countries against engaging in both trade and currency wars, saying these wars would hurt global growth … Business • 11 Oct 18
Call for fundamental shift in global water management A new report on the global water crisis calls for a fundamental shift in the way the world manages water. Environment • 15 Mar 18
