World Bank downgrades 2022 global growth forecast to 2.9 pc, warns of stagflation risk

Jun 07, 2022

Washington [US], June 7 (ANI/Xinhua): The global economy is on track to grow by 2.9 percent in 2022, down 1.2 percentage points from the...

UAE economy expected to grow by 3.8% in 2025: World Bank

Jan 09, 2024

According to the Global Economic Prospects report released today, the World Bank forecast the growth in the Gulf Cooperation Council (GCC) countries to rise...

World Bank cuts global growth estimate for 2023 over recession risks

Jan 11, 2023

According to the World Bank's latest Global Economic Prospects report, global growth is slowing sharply in the face of elevated inflation, higher interest rates,...

Punjab National Bank chief confident of India's robust future economic growth prospects

Dec 01, 2025

Ashok Chandra, MD and CEO of Punjab National Bank (PNB), on Monday said he is confident that the Indian economy will continue to show...

Fitch raises global growth forecast on improved near-term prospects

Mar 14, 2024

Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3 percentage points to 2.4 per cent in its latest Global Economic Outlook...

Global economic growth outlook plunges to 2.3 per cent, says World Bank

Jun 10, 2025

The World Bank on Tuesday lowered its 2025 global growth forecast to 2.3 per cent, down from 2.7 per cent previously expected.