[Tree] Peru's economic rebound, GDP growth, base rate reduction, mining sector
Version 0.76 (2024-06-14 19:57:00.383000)
updates: Incorporated information about Peru's economic growth in April and May, government measures to boost the mining sector, and the central bank's decision to hold the benchmark interest rate
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Version 0.75 (2024-06-14 17:00:08.367000)
updates: Peru's economy rebounds with 4% growth in April and May
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Version 0.74 (2024-05-07 21:53:30.911000)
updates: Inclusion of information about the market's expectation of a base rate reduction
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Version 0.73 (2024-04-15 17:22:48.857000)
updates: Peru's economy continues to grow on mining gains
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Version 0.72 (2024-03-11 23:24:54.717000)
updates: Updated information on Peru's GDP and private investment outlook
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Version 0.71 (2024-02-16 22:20:52.008000)
updates: Contractions in Colombian and Peruvian economies in 2023
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Version 0.7 (2024-02-15 18:22:27.158000)
updates: Colombian economy faces weakest growth since 1999
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Version 0.69 (2024-02-13 07:25:18.033000)
updates: Predictions for slowest growth in 30 years, mounting geopolitical tensions, medium-term financial outlook for developing countries, global trade growth in 2024
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Version 0.68 (2024-01-30 04:28:40.078000)
updates: Updates on global trade growth, financial conditions, and investment in developing countries
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Version 0.67 (2024-01-18 00:16:36.611000)
updates: World Bank's gloomy outlook, calls for modernization
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Version 0.66 (2024-01-11 15:26:15.587000)
updates: Includes information on low-income countries' contribution to global economic growth in 2024 and discussions on Gaza reconstruction
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Version 0.65 (2024-01-10 22:18:18.515000)
updates: Inclusion of UN report on global economic growth and inflation projections for 2024
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Version 0.64 (2024-01-10 16:22:36.708000)
updates: Global economy set to have weakest half-decade performance in 30 years
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Version 0.63 (2024-01-10 15:22:00.126000)
updates: Includes revised growth estimates for the Romanian economy
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Version 0.62 (2024-01-10 12:19:10.854000)
updates: Updated information on global economic growth projections and factors contributing to the slowdown
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Version 0.61 (2024-01-10 09:30:11.937000)
updates: The World Bank lowers growth projection for The Bahamas to 1.8% in 2024
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Version 0.6 (2024-01-10 09:28:46.285000)
updates: The World Bank warns of the slowest half-decade of global economic growth in 30 years. Developing economies projected to grow at 3.9%, below the previous decade's average. The report emphasizes the need for comprehensive policies to address climate change and achieve global development goals. The recovery disparity between richer and poorer nations is highlighted.
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Version 0.59 (2024-01-10 09:16:32.013000)
updates: Updated information on global economic performance and projections
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Version 0.58 (2024-01-10 08:15:14.673000)
updates: Updated information on global economic growth projections and recovery disparities
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Version 0.57 (2024-01-10 07:18:07.142000)
updates: Global economy projected to have slowest half-decade of growth in 30 years
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Version 0.55 (2024-01-10 05:16:59.378000)
updates: Updated information on global economic growth projections and recommendations from the World Bank
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Version 0.54 (2024-01-10 04:16:57.597000)
updates: The World Bank warns of weakest global economic performance in 30 years
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Version 0.53 (2024-01-10 01:18:34.801000)
updates: Global growth forecast, recovery disparity, geopolitical tensions, policy recommendations
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Version 0.52 (2024-01-10 01:17:06.981000)
updates: Updated information on the global economy's growth forecast and factors contributing to the slowdown
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Version 0.51 (2024-01-09 22:15:16.535000)
updates: The World Bank predicts a slower global economy in 2024, with concerns about heavily indebted poor countries and the need for policymakers to boost investment and strengthen government balance sheets. Updates on the growth forecasts for the United States, China, eurozone, Japan, and Argentina.
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Version 0.5 (2024-01-09 20:24:22.912000)
updates: The World Bank warns of ongoing economic and political uncertainty in Argentina, as well as high inflation and currency depreciation. It also highlights the need for policymakers to boost investment and strengthen government balance sheets to prevent a decade of weak global growth. The bank expects global growth to slow from 2.6% in 2023 to 2.4% in 2024, marking the third consecutive year of economic deceleration. Advanced economies are projected to have a growth rate of 1.2% in 2024, while emerging market and developing economies are expected to see a slight easing in growth to 3.9%. The United States and China, the world's two largest economies, are both likely to experience slower growth in the coming year. The US growth rate is forecasted to decrease from 2.5% in 2023 to 1.6% in 2024, while China's growth rate is expected to fall from 5.2% to 4.5%. The World Bank predicts that Argentina's economy contracted by 2.5% in 2023 due to the impact of a heavy drought. However, the bank forecasts that the economy will return to growth, with a projected growth rate of 2.7% in 2024 and 3.2% in 2025.
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Version 0.49 (2024-01-09 20:22:12.341000)
updates: The World Bank forecasts 2.7% growth for Argentina in 2024
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Version 0.48 (2024-01-09 19:16:06.018000)
updates: Updated information on global GDP growth, regional outlooks, and downside risks
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Version 0.47 (2024-01-09 19:15:16.940000)
updates: Updated information on global economic growth projections and risks
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Version 0.46 (2024-01-09 18:22:47.006000)
updates: The World Bank predicts that the global economy will slow for a third consecutive year in 2024, with a projected growth rate of 2.4%. This is down from 2.6% in 2023, 3% in 2022, and 6.2% in 2021. The World Bank expresses concern that deeply indebted poor countries will struggle to make necessary investments to fight climate change and poverty. The global economy has been resilient in recent years, but heightened global tensions and conflicts pose a risk to growth. The United States led global growth in 2023 with a 2.5% growth rate, higher than expected. The World Bank expects U.S. growth to slow to 1.6% in 2024 due to higher interest rates. China's economy is projected to grow 4.5% in 2024, down from 5.2% in 2023, which will impact developing countries that supply China with commodities. The eurozone is expected to see 0.7% growth in 2024, while Japan's economy is forecasted to grow 0.9%.
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Version 0.45 (2024-01-09 17:21:39.062000)
updates: Updated information on global economic performance and the impact of the pandemic
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Version 0.44 (2024-01-09 17:17:02.420000)
updates: Global growth projected to be slowest in 30 years, developing countries need increased investment for climate change and development goals
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Version 0.43 (2024-01-09 16:37:27.501000)
updates: The global economy is projected to achieve a disappointing milestone by the end of 2024, marking the slowest half-decade of GDP growth in 30 years. Economic growth in the East Asia and Pacific (EAP) region is projected to slow down to 4.5 percent in 2024 and 4.4 percent in 2025, mainly due to the deceleration of growth in China. By the end of 2024, people in about one out of every four developing countries and about 40% of low-income countries will still be poorer than they were on the eve of the COVID pandemic in 2019. Developing countries will need to deliver a formidable increase in investment—about $2.4 trillion per year—to tackle climate change and achieve other key global development goals by 2030. The global economy is set to record its worst half-decade growth in 30 years. Most advanced and developing economies will grow more slowly this year and next than they did in the decade before the Covid-19 pandemic. Global GDP is expected to slow for a third year in a row to 2.4% in 2024 before increasing to 2.7% in 2025. Per capita investment growth is expected to average only 3.7% in 2023 and 2024, which is half the average of the previous two decades. Geopolitical tensions and conflict in the Middle East are adding to downside risks to the global economic outlook. The medium-term global outlook has darkened for many developing countries due to slowing growth, sluggish trade, and tight financial conditions. Downside risks to the outlook include an escalation of the recent conflict in the Middle East, financial stress, inflation, weaker-than-expected economic activity in China, trade fragmentation, and climate-related disasters. The World Bank expects growth in the MENA region to pick up pace, with the West Bank and Gaza projected to shrink by 6% this year due to the Israel-Gaza war. The United States led global growth in 2023 with 2.5% growth, higher than the World Bank's mid-year prediction. However, U.S. growth is expected to decelerate to 1.6% in 2024 due to higher interest rates. China's economy, the second-largest in the world, is projected to grow by 4.5% in 2024, down from 5.2% in 2023. The World Bank predicts that the eurozone will see 0.7% growth in 2024, while Japan's economy is forecasted to grow by 0.9%.
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Version 0.42 (2024-01-09 16:28:32.636000)
updates: The global economy is projected to achieve a disappointing milestone by the end of 2024, marking the slowest half-decade of GDP growth in 30 years. Economic growth in the East Asia and Pacific (EAP) region is projected to slow down to 4.5 percent in 2024 and 4.4 percent in 2025, mainly due to the deceleration of growth in China. Global trade growth in 2024 is expected to be only half the average in the decade before the pandemic. Low-income countries should grow 5.5%, weaker than previously expected. By the end of 2024, people in about one out of every four developing countries and about 40% of low-income countries will still be poorer than they were on the eve of the COVID pandemic in 2019. Developing countries will need to deliver a formidable increase in investment—about $2.4 trillion per year—to tackle climate change and achieve other key global development goals by 2030. The report offers the first global analysis of what it will take to generate a sustained investment boom, drawing from the experience of 35 advanced economies and 69 developing economies over the past 70 years. Developing economies often reap an economic windfall when they accelerate per capita investment growth to at least 4% and sustain it for six years or more. Global Economic Prospects also identifies what two-thirds of developing countries—commodity exporters specifically—can do to avoid boom-and-bust cycles. The instability associated with higher procyclicality and volatility of fiscal policy produces a chronic drag on the growth prospects of commodity-exporting developing economies. The global economy is set to record its worst half-decade growth in 30 years, according to the World Bank. Most advanced and developing economies will grow more slowly this year and next than they did in the decade before the Covid-19 pandemic. Global GDP is expected to slow for a third year in a row to 2.4% in 2024 before increasing to 2.7% in 2025. Per capita investment growth is expected to average only 3.7% in 2023 and 2024, which is half the average of the previous two decades. Geopolitical tensions and conflict in the Middle East are adding to downside risks to the global economic outlook. The World Bank warns that without corrective action, global growth will remain well below potential for the remainder of the 2020s. The medium-term global outlook has darkened for many developing countries due to slowing growth, sluggish trade, and tight financial conditions. Downside risks to the outlook include an escalation of the recent conflict in the Middle East, financial stress, inflation, weaker-than-expected economic activity in China, trade fragmentation, and climate-related disasters. The global economy is in a better place than it was a year ago, but mounting geopolitical tensions could create fresh near-term hazards. The World Bank expects growth in the MENA region to pick up pace, with the West Bank and Gaza projected to shrink by 6% this year due to the Israel-Gaza war. The United States led global growth in 2023 with 2.5% growth, higher than the World Bank's mid-year prediction. However, U.S. growth is expected to decelerate to 1.6% in 2024 due to higher interest rates. China's economy, the second-largest in the world, is projected to grow by 4.5% in 2024, down from 5.2% in 2023. The World Bank predicts that the eurozone will see 0.7% growth in 2024, while Japan's economy is forecasted to grow by 0.9%.
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Version 0.41 (2024-01-09 16:18:10.165000)
updates: The global economy is set to record its worst half-decade growth in 30 years, according to the World Bank. Most advanced and developing economies will grow more slowly this year and next than they did in the decade before the Covid-19 pandemic. Global GDP is expected to slow for a third year in a row to 2.4% in 2024 before increasing to 2.7% in 2025. Per capita investment growth is expected to average only 3.7% in 2023 and 2024, which is half the average of the previous two decades. Geopolitical tensions and conflict in the Middle East are adding to downside risks to the global economic outlook. The World Bank warns that without corrective action, global growth will remain well below potential for the remainder of the 2020s. The medium-term global outlook has darkened for many developing countries due to slowing growth, sluggish trade, and tight financial conditions. Downside risks to the outlook include an escalation of the recent conflict in the Middle East, financial stress, inflation, weaker-than-expected economic activity in China, trade fragmentation, and climate-related disasters. The global economy is in a better place than it was a year ago, but mounting geopolitical tensions could create fresh near-term hazards.
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Version 0.4 (2024-01-09 15:20:28.655000)
updates: Global economy set to record worst half-decade growth in 30 years
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Version 0.39 (2024-01-09 15:20:03.014000)
updates: Updated information on global economic growth and projections
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Version 0.38 (2024-01-09 15:17:20.638000)
updates: Global economy projected to achieve slowest half-decade GDP growth in 30 years
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Version 0.37 (2024-01-09 15:16:08.152000)
updates: UN report warns of slower global economic growth in 2024 due to conflicts and climate disasters
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Version 0.36 (2024-01-09 06:18:30.885000)
updates: Inclusion of information about African nations' economic growth in 2024
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Version 0.35 (2024-01-08 07:15:15.574000)
updates: UN report warns of conflicts and climate disasters
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Version 0.34 (2024-01-07 01:15:29.976000)
updates: UN report warns of conflicts and climate disasters
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Version 0.33 (2024-01-06 15:18:48.790000)
updates: UN issues sombre global economic forecast for 2024
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Version 0.32 (2024-01-05 22:16:29.940000)
updates: UN releases global economic growth forecast for 2024
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Version 0.31 (2024-01-05 20:16:15.448000)
updates: UN issues somber global economic forecast for 2024
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Version 0.28 (2024-01-05 13:19:05.815000)
updates: Updated information on global economic growth forecast for 2024
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Version 0.27 (2024-01-05 08:29:51.017000)
updates: The UN report warns of prolonged tighter credit conditions and higher borrowing costs, highlights the risks of volatility in the environment, and projects a decline in economic growth for the United States, Europe, Japan, and China.
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Version 0.26 (2024-01-05 07:27:08.754000)
updates: The UN warns of slower global economic growth in 2024 due to multiple factors
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Version 0.25 (2024-01-05 05:15:43.003000)
updates: UN report warns of slower global economic growth in 2024
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Version 0.24 (2024-01-05 04:28:54.179000)
updates: UN report warns of slower global economic growth in 2024
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Version 0.22 (2024-01-05 02:17:17.403000)
updates: Updated information on global economic growth forecast for 2024
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Version 0.21 (2024-01-05 02:15:43.269000)
updates: Incorporated information from a UN economic forecast report
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Version 0.2 (2024-01-05 01:16:53.207000)
updates: Incorporated UN report on slowing global economic growth in 2024
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Version 0.19 (2024-01-04 23:17:03.479000)
updates: Integration of the UN report on slower global economic growth for 2024
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Version 0.18 (2023-12-12 09:23:33.695000)
updates: Added information about the decline in global headline inflation projected for 2024
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Version 0.17 (2023-10-16 09:49:46.946000)
updates: Consolidated and updated information on IMF's global growth forecast and Eurozone growth projection, along with additional economic news
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Version 0.16 (2023-10-11 11:24:59.447000)
updates: Combines information about UAE and Egypt's growth forecasts, inflation, and unemployment
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Version 0.15 (2023-10-10 17:18:26.225000)
updates: The IMF forecasts UAE GDP growth in 2023 and 2024
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Version 0.14 (2023-10-10 17:09:46.580000)
updates: Added details about IMF's global growth forecast and revised inflation outlook, as well as the lowered GDP growth forecast for Saudi Arabia. Also included information about the IMF's forecasts for China, Germany, and Morocco. Mentioned the unbalanced global growth and the risks surrounding economic prospects. [53bea8a6]
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Version 0.13 (2023-10-10 16:36:49.849000)
updates: Includes information about the IMF's forecast for the Moroccan economy to grow by 2.4% in 2023
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Version 0.12 (2023-10-10 12:07:58.021000)
updates: The new narrative provides a comprehensive and eloquent summary of the IMF's global growth forecast for 2023, including the regional disparities, inflation outlook, and risks. It also highlights the revised growth forecasts for Saudi Arabia, China, and the euro area, as well as the projection for Pakistan's economy in 2024. The new narrative incorporates information from multiple sources and presents it in a clear and logical manner.
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Version 0.11 (2023-10-10 11:21:27.458000)
updates: Includes IMF's projection on Pakistan's economy in 2024
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Version 0.1 (2023-10-10 11:13:13.804000)
updates: Includes the IMF's cut to Saudi Arabia's growth forecast
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Version 0.09 (2023-10-10 11:10:57.751000)
updates: The addition of information from Reuters about the IMF's decision to maintain its global growth forecast for 2023, citing the strength of the U.S. economy as a counterbalance to weaker forecasts for China and the euro area.
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Version 0.08 (2023-10-10 10:24:00.171000)
updates: Included information about South Korea's growth forecast
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Version 0.07 (2023-10-10 10:17:17.318000)
updates: The story emphasizes regional differences and the IMF's inflation outlook
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Version 0.06 (2023-10-10 10:16:29.165000)
updates: Includes information about Bangladesh's GDP growth projection for FY24
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Version 0.05 (2023-10-10 10:14:37.825000)
updates: The story now includes the IMF's revised growth forecasts for China and the euro area, as well as their concerns about the global economy.
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Version 0.04 (2023-10-10 10:10:44.832000)
updates: incorporated IMF's forecast for global economy and concerns about risks and inflation
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Version 0.03 (2023-10-10 09:13:51.758000)
updates: Added information about IMF's revised forecast for India's GDP growth
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Version 0.02 (2023-10-10 09:12:10.113000)
updates: Added information about India's GDP growth forecast
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Version 0.01 (2023-10-10 08:31:54.772000)
updates: Added details about IMF's prediction for the UK economy
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