30th July 2021
  • 9:11 pm Through the Eyes of Ides Ofune – Women Shouldn’t Have to Choose Between Motherhood and Higher Education
  • 12:31 pm PhD Researcher Oladapo Ajayi is improving the lives of underserved children through his NGO AfRII
  • 7:30 am The Rising Cost of Private Schools in Nigeria
  • 2:42 pm Meet Lawrence Okon Founder of Read Empire with the aim of alleviating poverty among young graduates
  • 4:58 pm Prevention is Better than Rehabilitation says 24 Year Old Adebimpe Adebara Founder of Piece of my Heart Foundation
  • 3:48 pm Read about how Pamela Stephen established Fortress Foundation to help teenagers overcome sexual abuse

According to the International Monetary Fund (IMF), Ghana will be the fastest-growing economy in the world this year. Ghana, a producer of cocoa, gold and oil is expected to record a growth of 8.8 percent more than the 6.6 percent median projection for countries. This projection by IMF was contained in a recent World Economic Outlook, published Tuesday, 9 April 2019.  

The world economy is projected to record a growth of 3.3 percent this year, down from the 3.5 percent the IMF had forecast for 2019 in January. From records, the 2019 forecast would be the weakest since 2009, when the world economy shrank. According to Bloomberg, this is the third time the IMF has downgraded its outlook in six months.

This cut for global growth is the lowest since the financial crisis in most advanced economies. It’s attributed to the signs that higher tariffs are weighing on trade. The IMF Managing Director, Christine Lagarde, warns that the world economy faces a “delicate moment”.  

Image source: Ghana Fan Page, Facebook

admin

RELATED ARTICLES
LEAVE A COMMENT