German growth forecast to be slashed – economy minister — RT Business News

German growth forecast to be slashed – economy minister — RT Business News

Source link The German government will revise down its forecast for economic growth in 2024 to 0.2% from an earlier projection of 1.3%, Economy Minister Robert Habeck has warned, according to Bloomberg. Habeck is expected to present the government’s latest economic report and updated forecasts next Wednesday. As among the key factors weighing on the […]

IMF slashes Argentina’s growth forecast over Milei’s ‘shock therapy’ — RT Business News

IMF slashes Argentina’s growth forecast over Milei’s ‘shock therapy’ — RT Business News

Source link The South American country’s economy is now projected to contract for a second straight year The International Monetary Fund (IMF) has revised down its economic outlook for Argentina, forecasting a second straight year of negative growth amid President Javier Milei’s push for what the IMF report calls a “significant policy adjustment” in his […]

Russian officials reveal 2024 economic growth forecast – RIA — RT Business News

Russian officials reveal 2024 economic growth forecast – RIA — RT Business News

Source link Analysts polled by the news agency expect GDP to turn sluggish due to high interest rates The Russian economy will inevitably slow down in 2024 due to tight monetary policies pursued by the central bank, RIA Novosti reported on Saturday, citing a consensus outlook for the Russia’s GDP growth. Gross domestic product is […]

Russian trade with West forecast to plunge — RT Business News

Russian trade with West forecast to plunge — RT Business News

Source link Sanctions have pushed Moscow towards expanding cooperation with Asia and the Middle East Russia’s trade with ‘unfriendly’ countries has dropped threefold since 2021 and is on course for a further decline, according to a report from the Russian Center for Strategic Research (CSR) published on Saturday. The term ‘unfriendly’ refers to Western countries […]

India’s growth forecast raised — RT India

India’s growth forecast raised — RT India

Source link The Indian economy could perform better than expected next year, with the S&P Global Ratings revising its growth forecast upwards on Monday. The rating agency now projects India’s gross domestic product (GDP) to grow 6.4% in the financial year 2024 compared to the previous forecast of 6%, “as robust domestic momentum seems to […]

EU sharply improves Russian economic forecast — RT Business News

EU sharply improves Russian economic forecast — RT Business News

Source link The European Commission (EC) has substantially raised its growth projection for the Russian economy this year, issuing revised figures in its Autumn 2023 Economic Forecast released on Wednesday. Russia’s economy is set to rebound on the back of “stronger-than-earlier expected domestic demand underpinned by fiscal stimulus,” according to the EC. Brussels now expects […]