July 25, 2023/IMF Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in both 2023 and 2024. While the forecast for 2023 is modestly higher than predicted in the April 2023 World Economic Outlook (WEO), it remains weak by historical standards. The rise […]
OPINION/EDITORIAL
Global Economy on Track but Not Yet Out of the Woods
(Credit: IMF) July 25, 2023/IMFBlog By Pierre-Olivier Gourinchas The global economy continues to gradually recover from the pandemic and Russia’s invasion of Ukraine. In the near term, the signs of progress are undeniable. The COVID-19 health crisis is officially over, and supply-chain disruptions have returned to pre-pandemic levels. Economic activity […]
Oil Bulls Are Cautiously Optimistic As Brent Holds Above $82
July 24, 2023/Oilprice.com Tom Kool Editor, Oilprice.com Oil prices have been slowly but surely edging higher in July as rising optimism around Chinese demand combines with supply concerns to boost bullish sentiment. Chart of the Week – Chinese authorities have reformed natural gas pricing in the country, linking retail residential […]
