Washington, June 11 (IANS) The World Bank Group said on Thursday it is prepared to deploy up to $100 billion over the next 15 months to help developing countries cope with the economic fallout from the conflict in the Middle East, as rising energy prices and slowing growth place fresh pressure on vulnerable economies.The multilateral lender said it is immediately making available between $50 billion and $60 billion through existing instruments, including $25 billion in pre-arranged financing, to…
Latest Global Economic Prospects News & Updates
Washington, June 11 (IANS) India will remain the world’s fastest-growing major economy despite the economic shock from the conflict in the Middle East, with the World Bank on Thursday raised its growth forecast for the country even as it cut projections for much of the global economy.In its latest Global Economic Prospects report, the World Bank upgraded India’s growth forecast for 2026 to 6.6 per cent from its January estimate of 6.5 per cent and raised its 2027 projection to 7.2 per cent from …
Washington, Jan 13 (IANS) The global economy is showing greater resilience than expected despite historic trade tensions and policy uncertainty, with growth projected to remain broadly steady over the next two years, the World Bank said on Tuesday.In its latest Global Economic Prospects report, the World Bank said that global growth is projected to ease to 2.6 per cent in 2026 before edging up to 2.7 per cent in 2027, an upward revision from earlier forecasts.The stronger-than-anticipated perfor…