World economy news
Here are some recent news articles and updates on the world economy:
Global Economy
- The International Monetary Fund (IMF) has cut its global economic growth forecast for 2023 to 3.2%, citing rising inflation and interest rates, as well as ongoing supply chain disruptions. (Source: Reuters)
- The World Bank has also lowered its global growth forecast, predicting a 2.9% growth rate in 2023, down from 3.2% in 2022. (Source: World Bank)
United States
- The US economy grew at a 2.1% annual rate in the fourth quarter of 2022, according to the Bureau of Economic Analysis (BEA). (Source: BEA)
- The Federal Reserve has raised interest rates by 0.25% to combat inflation, which has been running above the central bank's 2% target. (Source: Federal Reserve)
- The US unemployment rate fell to 3.6% in January, the 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 been driven by high energy prices. (Source: ECB)
- The UK economy contracted by 0.2% in the fourth quarter of 2022, according to the Office for National Statistics (ONS). (Source: ONS)
- The eurozone economy grew by 0.1% in the fourth quarter of 2022, according to the European Commission. (Source: European Commission)
Asia
- China's economy grew by 4.8% in the fourth quarter of 2022, according to the National Bureau of Statistics (NBS). (Source: NBS)
- Japan's economy contracted by 0.6% in the fourth quarter of 2022, according to the Ministry of Internal Affairs and Communications. (Source: Ministry of Internal Affairs and Communications)
- India's economy grew by 8.7% in the fourth quarter of 2022, according to the National Statistical Office (NSO). (Source: NSO)
Emerging Markets
- Brazil's economy grew by 1.2% in the fourth quarter of 2022, according to the Brazilian Institute of Geography and Statistics (IBGE). (Source: IBGE)
- Russia's economy contracted by 2.5% in 2022, according to the Russian Federal State Statistics Service (Rosstat). (Source: Rosstat)
- South Africa's economy contracted by 0.7% in the fourth quarter of 2022, according to the South African Reserve Bank (SARB). (Source: SARB)
Trade
- The US and China have agreed to a phase-one trade deal, which aims to reduce tariffs and increase trade between the two countries. (Source: US Trade Representative)
- The European Union and the UK have agreed to a trade deal, which aims to reduce tariffs and increase trade between the two countries. (Source: European Commission)
- The US and Japan have agreed to a trade deal, which aims to reduce tariffs and increase trade between the two countries. (Source: US Trade Representative)
These are just a few examples of recent news articles and updates on the world economy. If you would like more information or specific updates on a particular country or region, please let me know!