OPINION/EDITORIAL

Global Economy Approaches Soft Landing, but Risks Remain

(Credit: photo168/iStock by Getty Images) January 30, 2024/IMFBlog By Pierre-Olivier Gourinchas The clouds are beginning to part. The global economy begins the final descent toward a soft landing, with inflation declining steadily and growth holding up. But the pace of expansion remains slow, and turbulence may lie ahead. Global activity […]

Economic Concerns and a Strong Supply Outlook Hold Oil Prices Back

January 30, 2024/Oilprice.com Tom Kool Editor, Oilprice.com Rising geopolitical risk pushed Brent well past $80 last week, but the brief price rally has been dampened by continued economic concerns and a strong supply situation. Chart of the Week – Saudi Arabia’s government ordered the state oil company Saudi Aramco (TADAWUL:2222) […]

World Bank January 2024 Global Economic Prospects: A Pessimistic Outlook for Global Growth in 2024

January 30, 2024/FBNQuest Research The World Bank recently published its January ’24 edition of the Global Economic Prospects report. The report forecasts a continued slowdown in the growth of the global economy for the third consecutive year. As a result, the Bank has revised its growth projection downwards to 2.4% […]