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2026-10-13T19:30:45.845Z

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Stellantis faces production halt and shipment dip

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11 Hrs2026-10-13T13:31:00.000Z
Stellantis faces production halt and shipment dip

South Korean stocks fall 7% over AI concerns

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15 Hrs2026-10-13T09:52:00.000Z
South Korean stocks fall 7% over AI concerns

UAE Gold Prices Update October 13

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15 Hrs2026-10-13T09:46:00.000Z
UAE Gold Prices Update October 13

Oil dips on Russian diesel concerns

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15 Hrs2026-10-13T09:31:00.000Z
Oil dips on Russian diesel concerns

Saudi Arabia forecasts 7.9% growth in 2024

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19 Hrs2026-10-13T05:42:58.647Z
Saudi Arabia forecasts 7.9% growth in 2024
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IMF: Global Economy Nearing Limits

IMF: Global Economy Nearing Limits

The International Monetary Fund raised its global economic growth forecast for 2023 to 3.1%, while maintaining its forecast for 2024 at 3.4%. This comes amid an expected decline in inflation to 4.1% next year, after rising to 4.7% this year. Despite market resilience and support from the technology sector, the IMF warns that this resilience is approaching its limits, with increasing risks due to the depletion of energy resources and rising bond yields. The IMF also forecasted slower growth for advanced economies at 1.8%, with a slight improvement in the United States to 2.3%, and China remaining steady at 4%. Additionally, the IMF downgraded its growth outlook for France to 0.4%, and warned of a slowdown in the UK’s growth due to high energy prices and interest rates.

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