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Davos 2023: Global growth to bottom out this year – IMF’s Georgieva

DAVOS, Switzerland (Reuters) – International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday global economic growth was expected bottom out in 2023 despite the continued Ukraine war and rising interest rates. Speaking at a World Economic Forum panel in Davos, Georgieva affirmed an IMF forecast for global growth to decelerate to 2.7% this year …

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Factbox-India set to overtake China as world’s most populous nation

NEW DELHI (Reuters) – India is expected to overtake China as the world’s most populous country this year even though its population growth has been slowing down, United Nations says. Following are some key points about India’s demography, according to government data: – India estimates its population at 1.38 billion, compared to China’s 1.4 billion. …

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Instant View: Bank of Japan keeps yield control policy unchanged

TOKYO (Reuters) – The Bank of Japan on Wednesday maintained ultra-low interest rates, including its 0.5% cap for the 10-year bond yield, defying market expectations it would phase out its massive stimulus programme in the wake of rising inflationary pressure. Here are some comments from experts: KEISUKE TSURUTA, FIXED INCOME STRATEGIST AT MITSUBISHI UFJ MORGAN …

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Trains, flights cancelled in France on Thursday in strike against pension reform

PARIS (Reuters) -Most trains will be cancelled in France on Thursday, with flights also affected and Paris’ subway heavily disrupted, as part of a nationwide strike against the government’s plan to make people work longer before they can retire. Opinion polls show a vast majority of French oppose the planned reform, which would see the …

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Davos 2023: U.S. consumers in ‘good shape’ as wages grow -BofA CEO

By Lananh Nguyen and Noor Zainab Hussain DAVOS, Switzerland (Reuters) -U.S. consumers are still in “pretty good shape,” even as the Federal Reserve raises interest rates to tame inflation, Bank of America Chief Executive Brian Moynihan told Reuters during the World Economic Forum’s (WEF) annual meeting. “The consumers are spending, their wages are growing and …

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