growth
Washington (AFP) - Strong growth in the United States has helped to lift the outlook for the world economy, but more needs to be done to stem a slide in productivity, the head of the IMF said Thursday. "Global growth is marginally stronger on account of robust activity in the United States and in a number of emerging markets economies," International Monetary Fund managing director Kristalina Georgieva said in a speech in Washington. The US economy grew by a robust 2.5 percent last year, according to the Commerce Department, far outstripping most other advanced economies. "Sustained household...
AFP
Businesses are built around processes. However, a process that works for a small office might not work for a large, multi-location company. As your company grows, you may need to change your processes to make them more efficient. This is known as process optimization. If your company is expanding, you don’t only need to optimize things to make processes more efficient — you need to make them scalable, too. When you have countless processes to address, it can be hard to know where to begin. Here are four suggestions to get you started. 1. Streamline Customer Support ProcessesCustomer support mi...
Calendar.com
Since the 2008 financial crisis, most small businesses and individuals looking to launch their startups have had limited options in securing funding. What was once considered an economic anchor of the United States, small businesses now account for less than 50 percent of the GDP. In contrast, business investments have continued to see only modest growth since the pandemic. Traditional funding methods like small business loan programs, venture capitalist and angel investment opportunities, and public or private grants are still promising options. However, in the present economy, company fundin...
Due
Washington (AFP) - The International Monetary Fund has slightly upgraded its outlook for world growth this year on the back of resilient service sector activity in the first quarter and a strong labor market, the lender said Tuesday. But despite the mildly better economic forecast, growth is expected to slow to three percent in 2023 and then stay there, held down by weak growth among the world's advanced economies, the IMF announced in a new report. "The global economy continues to gradually recover from the pandemic and Russia's invasion of Ukraine. But it is not yet out of the woods," IMF C...
AFP
Washington (AFP) - The US economy is on a "very narrow path" to avoiding a recession, the International Monetary Fund's chief economist says, while warning of risks to China's strong post-pandemic recovery. "A recession is not in our baseline," Pierre-Olivier Gourinchas told AFP during an interview at the IMF's headquarters in Washington, ahead of the publication of its updated global growth projections on Tuesday. "We are cautiously prudent that the US economy could avoid a recession and, you know, glide towards its inflation target without having a recession in its future," he said. "But it'...
AFP
United Nations (United States) (AFP) - A baby born somewhere on Tuesday will be the world's eight billionth person, according to a projection by the United Nations. "The milestone is an occasion to celebrate diversity and advancements while considering humanity's shared responsibility for the planet," UN Secretary-General Antonio Guterres said in a statement. The UN attributes the growth to human development, with people living longer thanks to improvements in public health, nutrition, personal hygiene and medicine. It is also the result of higher fertility rates, particularly in the world's ...
AFP
Washington (AFP) - The US economy contracted for a second straight quarter between April and June, according to official data released Thursday, adding fuel to recession fears and creating a headache for President Joe Biden ahead of midterm elections. Gross domestic product declined at an annual rate of 0.9 percent in the second quarter, following a bigger drop in the first three months of the year, according to the Commerce Department. While not the official definition, two quarters of negative growth is commonly viewed as a strong signal that a recession is underway, and a downturn in the wo...
AFP
Washington (AFP) - The US economy shrank in the first quarter of 2022 as the Omicron variant of the coronavirus hampered activity and companies bought more foreign products to rebuild depleted inventories, in the latest complication for a country already struggling with record inflation. Analysts however downplayed the likelihood that a recession was coming, noting that the Commerce Department data released Thursday showed consumers and businesses stepping up spending in the first three months of the year -- both indicators of economic health. The 1.4 percent decline in GDP was nonetheless unw...
AFP
Washington (AFP) - While the global economy is still growing, the uneven distribution of vaccines is widening disparities as rich countries pick up speed and leave developing nations behind, the IMF warned Tuesday. "Vaccine access has emerged as the principal fault line along which the global recovery splits into two blocs," the International Monetary Fund said in its updated World Economic Outlook. But the IMF warned of the danger to the whole world if new virus variants are allowed to take hold. The recovery "is not assured even in countries where infections are currently very low so long as...
AFP
Washington (AFP) - The IMF is bullish on the US economic recovery, predicting growth will hit 7 percent this year -- much stronger than previously forecast and "the fastest pace in a generation," the Fund said in a report Thursday. The cheery analysis is a boon to President Joe Biden's administration and comes amid data showing an improving job market and on the eve of the all-important official employment report. The International Monetary Fund's annual review of the US economy put growth at its fastest rate since 1984, and also boosted the 2022 GDP forecast to 4.9 percent, 1.4 percentage poi...
AFP
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