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Global growth is set to moderate from 2.9% this year to 2.7% in 2024 before picking up in 2025 to 3%, the OECD said in its latest Economic Outlook

OECD predicts Irish economy to contract by 0.6% in 2023

The Paris-based think tank, the OECD, has forecast that the economy measured by gross domestic product (GDP) will shrink this year by 0.6%.

Business • 29 Nov

The IMF left its forecast for global real GDP growth in 2023 unchanged

IMF cuts growth forecast for China and euro area

The International Monetary Fund has today cut its growth forecasts for China and the euro area and said overall global growth remained low and uneven …

Business • 10 Oct

Companies around the world are wrestling with higher borrowing costs and consumers tightening their own budgets amid a cost of living crisis

Two measures of corporate health starting to flash red

Two measures of corporate and economic health were flashing red today as shipping group Maersk reported a fall in global demand for sea containers and …

Business • 04 Aug

Maersk transports goods for retailers and consumer companies such as Walmart, Nike and Unilever, and is seen as a barometer for global economic and corporate health

Maersk warns of slower demand for container shipping

Shipping group AP Moller-Maersk today warned of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth …

Business • 04 Aug

China's Caixin/S&P Global manufacturing PMI fell to 49.2 in July from 50.5 in June, missing analysts' forecasts of 50.3

World factory activity shrinks as China slowdown hits

Global factory activity took a further turn for the worse in July, private surveys showed today, a sign slowing growth and weakness in China were …

Business • 01 Aug

The world economy is set to grow 2.7% this year, the OECD said today, up from its previous forecast of 2.6% in March

OECD sees limited growth pick-up as rate hikes weigh

Global economic growth will pick up only moderately over the next year as the full effects of central bank rate hikes are felt, softening the …

Business • 07 Jun

The Eurochambres report is based on the responses of trade and commerce organisations representing around 70% of world economic output

Global economy facing a challenging year - Eurochambres

The international business community expects a challenging 2023 marked by geopolitical tensions, high inflation and the energy crisis, according to the Eurochambres global economic survey …

Business • 25 Jan

The week-long meeting at Davos was dominated by debate on a new row between the US and Europe on subsidies for green energy transition, the growing debt distress in developing nations and abundant geopolitical risk around the planet

Davos: Outlook brighter than feared, fraught with risks

The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine and the …

Business • 23 Jan

Ngozi Okonjo-Iweala, director-general of the World Trade Organization (WTO), at Davos

Global trade rethink - 'race of the big pockets'?

The US pitched its vision of "worker-centric" trade. China promised an "all-round opening up". Europe spoke of its quest for strategic autonomy. And industrial policy …

Business • 20 Jan

Participants at the opening of the World Economic Forum's annual meeting counted the likely cost of a recession for their economies and businesses.

Recession casts long shadow over opening of WEF summit

The prospect of imminent global recession cast a long shadow over Davos yesterday as participants gathering for the opening of the World Economic Forum's annual …

Business • 17 Jan

The World Economic Forum kicks off in Davos today

Global recession seen likely in 2023 - WEF survey

Two-thirds of private and public sector chief economists surveyed by the World Economic Forum (WEF) expect a global recession in 2023, the Davos-organiser said today …

Business • 16 Jan

The IMF also warned today that global economic conditions could worsen significantly next year

IMF cuts 2023 growth outlook amid colliding shocks

The International Monetary Fund has today cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food …

Business • 11 Oct 22

The Paris-based policy forum was particularly pessimistic about the outlook in Europe

Inflation risk pushing economies into recession - OECD

Global economic growth is slowing more than was forecast a few months ago in the wake of Russia's invasion of Ukraine, as energy and inflation …

Business • 26 Sep 22

Global recession?

As inflation and interest rates continue to rise, is it possible to predict a global recession at this stage?

Business • 24 Jun 22

The Ukraine crisis has rapidly emerged as a risk to supply chains and is likely to exacerbate cost pressures

Global factory activity strong, Ukraine clouds outlook

Factories around the world sustained a brisk recovery in February amid signs the Omicron coronavirus variant was having less of an impact, but the Ukraine …

Business • 01 Mar 22

Climate change was seen as the number one danger by respondents in the WEF's annual risks report

Gloomy outlook for global recovery - WEF survey

Only one in 10 World Economic Forum members surveyed expects the global recovery to accelerate over the next three years, a poll of nearly 1,000 …

Business • 11 Jan 22

IMF's Managing Director Kristalina Georgieva

Global economic growth to 'moderate slightly' - IMF

Global economic growth will slow this year as countries face high inflation and debt and a widening divide between rich and poor nations, IMF Managing …

Business • 05 Oct 21

The OECD has raised the euro zone forecast by one point to 5.3%

OECD lowers global, US economic growth forecasts

The OECD has today warned of an "uneven" global economic recovery as it lowered its 2021 growth forecasts for the world and the US while …

Business • 21 Sep 21

IMF Managing Director Kristalina Georgieva said economic recovery will be held back unless the pace of Covid-19 vaccination picks up

IMF to keep 2021 global growth forecast at 6%

The International Monetary Fund is estimating this month that global growth for 2021 will be about 6%, the same as forecast in April, but with …

Business • 21 Jul 21

OECD chief economist Laurence Boone said the world economy is currently navigating towards recovery

OECD forecasts Irish GDP growth of 4.2% for 2021

The OECD has forecast that the Irish economy will grow by 4.2% in GDP terms this year.

Business • 31 May 21

Former European Central Bank Chief Mario Draghi

G30 report sees big corporate shakeout after Covid-19

Figuring out which companies to save and which to let die will be a key challenge facing governments after the pandemic, according to a G30 …

Business • 14 Dec 20

The IMF issues slightly improved growth forecasts spurred by unexpectedly stronger rebounds from coronavirus lockdowns

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

The OECD is projecting a contraction of 4.5% in global economic output this year and a return to growth of roughly 5% in 2021

Global recession not as deep as expected - OECD

The global recession this year will not be as deep as expected as a result of countries' efforts to counter the economic fallout from the …

Business • 16 Sep 20

For 2020 overall, demand will fall by 9.3 million barrels per day (mbd), the IEA has warned

IEA sees record 2020 oil demand fall due to coronavirus

Global oil demand will fall by a record amount this year as lockdown measures imposed to curb the coronavirus outbreak bring the economy to a …

Business • 15 Apr 20

The OECD's leading indicators are designed to flag turning points in economic activity

OECD leading indicators flag biggest monthly drop ever

Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus crisis and no end is in sight without clarity about how …

Business • 09 Apr 20