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
Industrialists announce strike on December 4
Karachi industrialists on Thursday announced a strike on December 4 against a…
- Hafsa Mustafa
- November 30, 2023
SBP increases interest rate by 150 bps to 8.75 %
On Friday, The State Bank of Pakistan (SBP) raised its benchmark interest…
- Alina Hashmi
- November 19, 2021
Gold prices increase in Pakistan
According to Sindh Sarafa Bazar Jewelers Association, the price of gold per…
- Alina Hashmi
- September 22, 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