Global investors remain confident in the outlook for economic growth despite their sharp loss of faith in China, according to the Bank of America Merrill Lynch Fund Manager Survey for July.
A net 52 per cent of respondents now exp
The International Monetary Fund trimmed its global growth forecast on Tuesday for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe.
In its mid
The International Monetary Fund on Tuesday shaved projections for global economic growth for this year and next to take into account sharp government spending cuts in the US and the latest struggles of recession-stricken Europe
Global growth has subsided but it should nonetheless gradually reaccelerate in the emerging regions, according to a report by Dexis Asset Management, which has an important presence in Bahrain.
They benefit from lower agricultural commodit
Global spending on information technology (IT) will grow more slowly than expected this year due to weaker economies and floods in Thailand, and will decline in western Europe, research firm Gartner said on Thursday.
Gartner cut its forec
The talk of impending global recession, as a result of the Euro Zone’s financial crisis, has been rubbished by a senior economist of UBS, a leading investment bank.
“Global recession is the least likely outcome of the current situatio
The global economy is recovering more strongly than expected and the projected growth rate for 2010 is likely to beat the forecast 3 per cent, Dominique Strauss-Kahn, head of the International Monetary Fund, said on Wednesday.
However he s
Global GDP growth in purchasing power parity (PPP) terms is expected to slow down to a mere 2 per cent in 2009, according to a research report.
The report from the Economist Intelligent Unit (EIU), the global leader in business intelligenc
The world's major economies are likely to grow sluggishly for the rest of this year despite easing financial market turmoil, International Monetary Fund head Dominique Strauss-Kahn has said.
The IMF expects "several quarters of soft growth