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Your email address will not be published.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

CAA took notice of the cancellation of eight flights of international airlines. 

Eight international airlines canceled their flights as a result of which many…

Global lenders secure $3.5bn debt package for Reko Diq

In a major boost for Pakistan’s biggest mining scheme, half of the…

AHL earned highest ever profit

Bourse filing claimed that by the end of July Arif Habib Limited…

Gold climbs above $4,600 for first time ever with geopolitical shifts

Gold rose to a new all-time high of $4,610.83 an ounce on…