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
Petrol prices increased, but prices of commodities decreased: Fawad Chaudhary
On Wednesday, Information Minister Fawad Chaudhry stated that despite the hike in…
- Alina Hashmi
- October 20, 2021
First female MD of Falcon-i
Farha Naz is appointed as the first female managing director of Falco-i,…
- Sanniah Hassan
- July 28, 2021
McDonald’s set to report drop in sales growth
McDonald’s is set to report a sequential drop in sales growth for…
- Hafsa Mustafa
- April 29, 2024
Gold rate drops by Rs. 4,000 per tola
Karachi: The gold price in Pakistan continued its downward trajectory in line…
- Alina Hashmi
- June 13, 2023