International business news today
Here are some of the top international business news stories from around the world today:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023, citing rising inflation and interest rates. The IMF now expects the global economy to grow by 3.2% in 2023, down from its previous forecast of 3.4%. (Source: Reuters)
- The World Bank has also lowered its growth forecast for 2023, citing the impact of the Ukraine-Russia conflict and rising inflation. The World Bank expects the global economy to grow by 2.9% in 2023, down from its previous forecast of 3.2%. (Source: Bloomberg)
Asia-Pacific
- China's economy grew by 4.9% in the fourth quarter of 2022, beating expectations and marking a slight rebound from the previous quarter. (Source: CNBC)
- Japan's economy contracted by 0.6% in the fourth quarter of 2022, marking its first recession since 2015. (Source: The Japan Times)
- South Korea's economy grew by 3.1% in the fourth quarter of 2022, driven by strong exports and consumer spending. (Source: Yonhap News Agency)
Europe
- The European Union has agreed to impose sanctions on Belarus over its human rights record and its support for Russia's invasion of Ukraine. (Source: BBC News)
- The UK's economy grew by 0.1% in the fourth quarter of 2022, marking a slight rebound from the previous quarter. (Source: The Guardian)
- Germany's economy contracted by 0.6% in the fourth quarter of 2022, marking its first recession since 2009. (Source: Deutsche Welle)
North America
- The US economy grew by 2.1% in the fourth quarter of 2022, beating expectations and marking a strong finish to the year. (Source: The Wall Street Journal)
- Canada's economy grew by 0.1% in the fourth quarter of 2022, marking a slight rebound from the previous quarter. (Source: The Globe and Mail)
Latin America
- Brazil's economy grew by 1.2% in the fourth quarter of 2022, driven by strong consumer spending and investment. (Source: Reuters)
- Mexico's economy grew by 0.4% in the fourth quarter of 2022, marking a slight rebound from the previous quarter. (Source: Bloomberg)
Africa
- South Africa's economy grew by 1.9% in the fourth quarter of 2022, driven by strong agriculture and manufacturing sectors. (Source: Business Day)
- Nigeria's economy grew by 3.1% in the fourth quarter of 2022, driven by strong oil production and non-oil sectors. (Source: Vanguard News)
These are just a few of the top international business news stories from around the world today.