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Economics news: IMF raises global growth forecasts for 2023
This weekly round-up brings you the latest stories from the world of economics and finance. Top economy stories: IMF ups its global economic growth forecasts; US, ECB and UK raise interest rates; Global factory activity contracts again; India plans major boost to capital spending. 1. IMF raises growth forecasts for 2023 The International Monetary Fund (IMF) has made a slight increase to its global growth outlook for 2023, due to “surprisingly resilient” demand in the United States and Europe, easing energy costs and the reopening of China’s economy after Beijing abandoned its strict COVID-19 restrictions. It still sees the pace of global growth falling this year compared with 2022, but…
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China’s COVID-19 surge raises odds of new coronavirus mutant
Could the COVID-19 surge in China unleash a new coronavirus mutant on the entire world? Researchers do not know but be concerned that might materialize. It could be identical to omicron variants circulating there now. It could be a blend of strains. Or some thing entirely different, they say. “China has a populace that is incredibly significant and there is limited immunity. And that appears to be the environment in which we may possibly see an explosion of a new variant,” reported Dr. Stuart Campbell Ray, an infectious sickness expert at Johns Hopkins College. Just about every new an infection gives a probability for the coronavirus to mutate, and the…
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