LVMH Chief Executive Bernard Arnault said Thursday that while the luxury group had a strong start to 2025, conditions worsened from March due to economic turbulence tied to global tariffs.During his speech at LVMH's annual shareholders meeting in Paris, Arnault noted that the company will now...
Global economic growth in 2025 is anticipated to stand at 2.8%, up from their previous estimate of 2.7%, the United Nations said in its latest World Economic Situation and Prospects report on Thursday, adding that the economy has been resilient in the past year. In 2026, growth is seen at...
International Monetary Fund (IMF) spokeswoman Julie Kozack said Thursday that global growth is likely to maintain its current pace.
During a press conference, the IMF representative added that global economic growth will remain "resilient" in 2024, following a stronger-than-expected 2023.
Kozak...
Global growth is projected to drop from an estimated 3.5% in 2022 to 3.0% in 2023 and 2024, a slightly better figure than projected in April, the IMF said Tuesday.
"The rise in central bank policy rates to fight inflation continues to weigh on economic activity. Global headline inflation is expected to...
The International Monetary Fund (IMF) lowered its GDP growth forecast for the world economy to 2.8% from 2.9% in January. In the medium term, the institution forecasts growth of around 3%, which is the lowest figure in an IMF report since 1990.
The results are because of the progress economies...
The official employment numbers for June in the United States pretty much erased the concerns raised after the May report, said Maury Obstfeld, chief economist of the International Monetary Fund, (headquarters pictured) in Washington. The United Kingdom and Europe are feeling the strongest...
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