File photo The IMF has warned that Britain will be the only developed country whose economy will shrink rather than grow this year. Britain’s growth rate is expected to fall to 10.3% while GDP is expected to fall to 6.0%. Thus, Britain’s economy will be worse than Russia’s. It should be noted that yesterday the…
Regarding the poor British economy, the International Monetary Fund (IMF) has said in its report that this year the British economy will be worse than all developed countries, including Russia. The IMF report further states that the British economy is expected to contract by 0.6% instead of 0.3% this year. 0.9% growth in the economy…
The IMF estimates growth at 2.9 per cent this year, falling from 3.4 per cent in 2022 and reaching 3.1 per cent in 2024. This represents a slight adjustment, 0.2 percentage points, from its World Economic Outlook (WEO) forecast in October. Possible ‘turning point’ “Growth will remain weak by historical standards, as the fight against…
WFP Executive Director, David Beasley, said that if we don’t address this humanitarian crisis, “things are going to get worse than we can possibly imagine”. Following 12 years of brutal conflict, an economy crippled by runaway inflation, a currency that has collapsed to a record low and soaring food prices, 12 million people do not know…
The envoy was addressing ambassadors at what he called a “unique juncture” in the efforts to promote lasting peace and security in the West African country. “Mali is ushering in a critical year in terms of returning to constitutional order,” he said, with several votes scheduled starting in March. Work in progress Mr….
