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.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

First female MD of Falcon-i

Farha Naz is appointed as the first female managing director of Falco-i,…

PSX plummets ahead of monetary policy meeting

KARACHI: On Friday, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Shares Index…

Saudi Arabia’s energy minister expresses shock at allegations of working secretly

At UN climate talks, Saudi Arabia’s energy minister Prince Abdulaziz bin Salman…