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A Low-Growth World Is an Unequal, Unstable World
The global economy is stuck in low gear, which could deal a major blow to the fight against poverty and inequality. Group of Twenty finance ministers and central-bank governors gathering this week in Rio de Janeiro face a sobering outlook. As the IMF’s latest World Economic Outlook update shows, global growth is expected to reach 3.2 percent this year and 3.3 percent in 2025, well below the 3.8 percent average from the turn of the century until the pandemic. Meanwhile, our medium-term growth projections continue to languish at their lowest in decades. To be sure, the global economy has shown encouraging resilience ... (full story)
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- Jul 23, 2024 8:57am Jul 23, 2024 8:57am
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rashadali - Joined Jan 2016 | Status: Member | 730 Comments
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- Posted: Jul 23, 2024 8:30am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 2,156
