GDP'S Q1 DATA - OUTPERFORMER ON THE GLOBAL SCENE
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- GDP'S Q1 DATA - OUTPERFORMER ON THE GLOBAL SCENE
The IMF’s WEO, July 2023 shows global growth is likely to fall from 3.5 per cent in 2022 to 3 per cent in both 2023 and 2024. The US economy expanded at 2.1 per cent in April-June, UK’s GDP increased by 0.4 per cent, Japan's GDP expanded by 6 per cent and Germany's adjusted GDP contracted by 0.2 per cent. China’s April-June GDP rose by 6.3 per cent because of the triple whammy of a worsening property slump, weak consumer spending and falling credit growth.