The International Monetary Fund (IMF), on Tuesday (July 25) slightly raised the outlook for global growth this year given the resilient economy, particularly, service sector activity in the first quarter of 2023.

IMF raises 2023 global economic growth forecast to 3 per cent; India remains bright spot

For much of the global economy, 2023 is going to be a tough year now as the main engines of global growth, the U.S., Europe and China all are experiencing weakening activity. The warning has come from the head of the International Monetary Fund.

World Business Watch: 2023 to be a tough year, says IMF head

The global economy is facing a dramatic downturn due to new dangers from COVID-19 variants, as well as rising inflation, debt, and income inequality, which might jeopardise the recovery in emerging and developing economies, according to the World Bank.

Global GDP growth to slow through 2023 amid COVID-19, inflation: World Bank

The International Monetary Fund is likely to lower its global economic growth estimates due to the new Omicron variant of the coronavirus, the global lender's chief said at the Reuters Next conference on Friday in another sign of the turmoil unleashed by the ever-changing pandemic.

IMF chief says Omicron could dent global economic growth

Gold prices rose to their highest in more than two months on Monday in thin year-end trading as the dollar dipped and US military strikes in the Middle East drove investors towards the safe-haven metal.

Gold hits two-month peak on dollar weakness, US strikes

Every day we hear that 'data' is the new oil or 'lithium battery' is the new oil. What about 'the oil'? Is oil still the most valued asset? Is the oil industry facing a threat of extinction?

WION Edit: Oil drives the global economy

Volatility in China's yuan since August is a normal market reaction to escalating trade frictions stoked by the United States and was caused, to some extent, by Washington's decision to raise tariffs, a senior Chinese central bank official said.

Volatility in China's yuan due to escalating US trade friction: Chinese central bank official

China should lower next year's growth target to 6.0-6.5 per cent as headwinds including a trade dispute with the United States increases risks for the economy, according to government advisers' recommendations to top leaders who will meet to map out the 2019 economic agenda.

As trade war bites, China advisers recommend lowering 2019 growth target

China's Foreign Minister Wang Yi called on the international community to oppose the United States' recent trade moves, saying they threatened global economic growth

China calls on world to stand up to US over trade