As a result of underinvestment, rising global inflation, and a tightening financial climate, the World Bank has increased its forecast for global growth from 3% for both years in the prior version to 1.7% in 2023 and 2.7% in 2024. The World Bank Group's new projection for the international economy was unveiled on January 10 and combines the WB's regular semi-annual forecast with some analysis...

According to Kristalina Georgieva, managing director of the International Monetary Fund (IMF), there is mounting evidence that the US may avoid recession this year. According to the IMF, the US GDP will increase by 1% in 2023. Ms. Georgieva claims that despite interest rate increases, the US labor markets are still robust and consumer demand is high. The US economy, according to her, "has more...

According to a study by the worldwide consulting firm Oxford Economics, this year's rate increase by the European Central Bank (ECB) could negatively affect GDP growth in the eurozone, the center of the European Union's economy. Oxford Economics stated that the unprecedented sequence of rate hikes by the central bank "risks becoming a mistake of excessive belt-tightening that will hurt eurozone...

A quarter of Africa's population, or 350 million people, experience food shortages, according to Robert Mardini, Director General of the International Committee of the Red Cross (ICRC), who was speaking at the People and Defense conference. Mardini contends that as the Ukraine crisis continues, its detrimental impacts spread more widely. He specifically cited growing poverty, unprecedented levels...

U.S. officials will mandate coronavirus testing for Chinese airline passengers starting on January 5, according to an announcement from the Center of Disease Ccontrol. Similar policies might be implemented in the UK. People two years of age and older are subject to the U.S. requirement. The tests must be completed two days prior to departure from China, Hong Kong, or Macao. In light of a rise...

The increasingly volatile situation in Kosovo's north has drawn alarm from both the European Union and the United States. According to the statement of the US Embassy, "We urge everyone to display the greatest amount of caution, take prompt action to unconditionally de-escalate the situation, and desist from provocations, threats, and intimidation." The U.S. and EU expect Kosovo and Serbia to...

Ukraine's public debt hit $107.46 billion as of the end of November. The amount of the nation's debt rose by $4.34 billion last month. According to Danil Getmantsev, the chairman of the State Tax Committee, it was 83.1% of the nation's GDP. Mr. Getmantsev stated that the ratio was 48.9% of GDP at the end of 2021. He claims that foreign borrowing to cover the budget deficit is the primary cause of...

In 2021, the average life expectancy for Americans was 76.4 years. This was 0.6 year less than the previous year and was the second year of decline. At the same time, the figure for 2021 is the lowest since 1996, according to data from the US National Center for Health Statistics (NCHS). According to the agency's report, men's life expectancy in 2021 was 73.5 years, while women's was 79.3 years....

Ukraine has been granted permission by the IMF to print hryvnias worth $1.3 billion. The agency has authorized the issuance of up to 50 billion hryvnyas in 2023 in the event of a funding shortfall from abroad. In the event of a lack of foreign funding, the Ukrainian government will be able to print up to 50 billion hryvnias (about $1.36 billion at the Ukrainian National Bank's exchange rate) in...