Latest world economic news

Here are some of the latest world economic news updates:

Global Economy

• The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023 to 3.2%, citing rising inflation, supply chain disruptions, and the ongoing COVID-19 pandemic. (Source: IMF)
• The World Bank has also lowered its global growth forecast to 3.1% in 2023, citing similar concerns. (Source: World Bank)

United States

• The US economy grew at an annual rate of 2.1% in the fourth quarter of 2022, according to the Bureau of Economic Analysis. (Source: BEA)
• The Federal Reserve has raised interest rates by 0.25% to combat inflation, which has risen to 6.5%. (Source: Federal Reserve)
• The US unemployment rate has fallen to 3.6%, its lowest level since 1969. (Source: Bureau of Labor Statistics)

Europe

• The European Central Bank (ECB) has raised interest rates by 0.5% to combat inflation, which has risen to 8.5%. (Source: ECB)
• The UK economy has contracted by 0.2% in the fourth quarter of 2022, according to the Office for National Statistics. (Source: ONS)
• The European Union has agreed to a new budget and spending plan for 2023-2027, worth €1.07 trillion. (Source: EU)

Asia

• China's economy grew by 4.8% in the fourth quarter of 2022, according to the National Bureau of Statistics. (Source: NBS)
• Japan's economy contracted by 0.6% in the fourth quarter of 2022, according to the Ministry of Finance. (Source: MOF)
• South Korea's economy grew by 3.1% in the fourth quarter of 2022, according to the Bank of Korea. (Source: BOK)

Emerging Markets

• Brazil's economy grew by 1.2% in the fourth quarter of 2022, according to the National Institute of Statistics. (Source: IBGE)
• Russia's economy contracted by 2.5% in 2022, according to the Federal State Statistics Service. (Source: Rosstat)
• India's economy grew by 8.7% in the fourth quarter of 2022, according to the National Statistical Office. (Source: NSO)

Trade and Tariffs

• The US and China have agreed to a phase-one trade deal, which will reduce tariffs on certain goods. (Source: US Trade Representative)
• The European Union has imposed tariffs on $3.2 billion worth of US goods, including bourbon and motorcycles. (Source: EU)
• The US has imposed tariffs on $2.4 billion worth of French goods, including wine and cheese. (Source: US Trade Representative)

These are just some of the latest world economic news updates. If you'd like more information or specific updates on a particular region or topic, feel free to ask!