The World Bank revised its 2023 global growth forecast slightly upwards to 2 percent from a January forecast of 1.7 percent on the improved outlook for China’s economy. China was projected to grow 5.1 percent this year compared with 4.3 percent in the bank’s January Global Economic Prospects report, World Bank Group president David Malpass told a media briefing. Advanced economies, including the US, were also doing a bit better than the Washington-based lender anticipated in January, he said.
You May Also Like
Govt taking steps to avert gas crisis: Hammad Azhar
ISLAMABAD: On Nov 1, Energy Minister Hammad Azhar stated that the government…
- Alina Hashmi
- November 1, 2021
Rupee value keeps shrinking
Karachi: On May 25, the Pakistani rupee dropped to a historic low…
- Alina Hashmi
- May 25, 2022
Pfizer’s trial data shows long-term effectiveness in adolescents
Nov, 22: Pfizer Inc (PFE.N) announced on Monday that, its COVID-19 vaccine…
- Alina Hashmi
- November 22, 2021
Steel price hits all-time high in Pakistan
The steel bar prices have crossed Rs280,000 per tonne after a massive…
- Hafsa Mustafa
- February 9, 2023