Global Growth Forecasts

Japan's economic growth in the October to December 2022 quarter was downgraded, owing to private consumption increasing less than previously thought, the government said in a report on Thursday

The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts mark an improvement over an October prediction of 2.7%

Manufacturing PMI at 48 for Nov against 49.2 a month ago, services sector activity fell to 46.7

The world economy will be as weak next year as it was in 2009 after the financial crisis as the conflict in Ukraine risks becoming a "forever war," the Institute of International Finance said

Nestle warned on Thursday that price hikes could eventually weigh on sales volumes for the maker of Cheerios cereals, Kit Kat bars and Nescafe as it raised its full-year sales growth forecast to 7-8%

The IMF said problems in the US, China and the eurozone had resulted in global output falling in the second quarter of this year -- the first contraction since the start of the Covid-19 pandemic.

Global growth rebound has solidified, but spread of delta variant poses risks, Moody's Investors Service said in its latest assessment of global economy as the pandemic continues.

The Organisation for Economic Co-operation and Development lowered its forecast to 3.3 per cent for this year, down from the 3.5 per cent it predicted in November

Interview with head of research, Ashmore Investment Management