{"id":64721,"date":"2024-01-17T20:14:07","date_gmt":"2024-01-17T20:14:07","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=64721"},"modified":"2024-01-17T19:21:20","modified_gmt":"2024-01-17T19:21:20","slug":"there-is-global-economic-resilience-world-bank-deputy-chief-economist","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist","title":{"rendered":"There is global economic resilience \u2013 World Bank Deputy Chief Economist"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especially in the last year.<\/b><\/p>\n

Growth last year, he said, surprised on the upside, thanks to the US economy, the strength of the US economy. But, he further noted, some large emerging markets like India, Indonesia, Brazil, Mexico, delivered robust growth rates.<\/p>\n

Inflation has been coming down without a major slowdown, Mr Kose further indicated.<\/p>\n

\u201cInterest rates went up significantly, but we did not see a major financial crisis in a large economy. So all in all, there is resilience, and we should be happy about it. Having said that, you know, there are not so good news as well,\u201d he said while providing an expert analysis on the global economic situation last week.<\/p>\n

In June 2023, he mentioned an ongoing global growth slowdown as a major concern to the Bank.<\/p>\n

Asked for the latest analysis of this situation, Mr Kose answered that the slow down would continue.<\/p>\n

\u201cThe third year in a row, we will see weaker growth in the global economy. Growth this year will be around 2.4%. It was 2.6% last year. For emerging market developing economies, growth is going to be a tad below, around 3.9%. And the third point is that external conditions are remaining very difficult for developing economies. Geopolitical tensions are on the rise. Financial stress is a possibility because of very high real interest rates,\u201d he stressed.<\/p>\n

Inflation, he said, is going to continue coming down, but not to the levels central banks are comfortable with, at least in this year.<\/p>\n

\u201cThat means real rates will remain high. Trade is very weak. Last year, there was almost no growth in terms of global trade. So the situation remains fragile,\u201d he said.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especially in the last year. Growth last year, he said, surprised on the upside, thanks to the US economy, the strength of the US economy. But, he further noted, some large emerging markets like India, […]<\/p>\n","protected":false},"author":84,"featured_media":64720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-64721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nThere is global economic resilience \u2013 World Bank Deputy Chief Economist - Ghana<\/title>\n<meta name=\"description\" content=\"The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especia ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"There is global economic resilience \u2013 World Bank Deputy Chief Economist\" \/>\n<meta property=\"og:description\" content=\"The World Bank Deputy Chief Economist, Ayhan Kose, has said the global economy has been remarkably resilient, especia ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-17T20:14:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1705503067.800628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"930\" \/>\n\t<meta property=\"og:image:height\" content=\"527\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"There is global economic resilience \u2013 World Bank Deputy Chief Economist\",\"datePublished\":\"2024-01-17T20:14:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\"},\"wordCount\":314,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/01\/sm_1705503067.800628.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/there-is-global-economic-resilience-world-bank-deputy-chief-economist\",\"name\":\"There is global economic resilience \u2013 World Bank Deputy Chief Economist - 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