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World Bank Forecasts Higher Real GDP Growth in 2023, but Cuts Forecast for 2024

by Chief editor of world-today-news.com June 6, 2023
written by Chief editor of world-today-news.com

In its latest World Economic Outlook, the World Bank forecast growth of 2.1% in 2023, up from 1.7% in its previous forecast released in January. FILE PHOTO/Johannes P. Christo/File Photo/File Photo/File Photo

WASHINGTON (Reuters) – The World Bank forecast real GDP growth of 2.1% in 2023 in its latest World Economic Outlook released on Wednesday, up from 1.0% in its previous forecast released in January. Revised upward from 7%. It judged that the economies of major countries such as the United States were stronger than expected.

However, the growth rate is lower than 3.1% in 2022.

However, it cut its growth forecast for 2024 to 2.4% from the previous forecast of 2.7% and said higher interest rates by major central banks would weigh more heavily than had been expected. He pointed out that the tightening of monetary policy has led to a decline in business fixed investment and housing investment in particular.

“The continued impact of monetary tightening and more constrained credit conditions will slow economic growth significantly this year,” the World Bank said. The growth rate is expected to be lower than the previous forecast,” he said.

The growth rate in 2025 is expected to recover to 3.0%.

The U.S. economy is expected to grow 1.1% in 2023, up from its previous forecast of 0.5%. The outlook for 2024 is 0.8%, halved from the previous forecast of 1.6%.

China’s growth rate forecast for 2023 is 5.6%, an upward revision from the previous forecast of 4.3%. The 2024 outlook was lowered to 4.6% from 5.0%.

The eurozone’s growth forecast for 2023 was raised to 0.4% from the previous forecast of flat growth. It cut its growth forecast for 2024 slightly.

2023-06-06 14:51:00
#World #Bank #raises #global #growth #forecast #lowers #forecast

June 6, 2023 0 comments
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World

Florida Governor DeSantis’ Wife Emerges as Key Campaign Asset in 2024 Presidential Race

by Chief editor of world-today-news.com June 5, 2023
written by Chief editor of world-today-news.com

LACONIA, New Hampshire (Reuters) – Florida Governor DeSantis kicked off his campaign at rallies in Iowa and New Hampshire, the Republican nominee for the 2024 presidential election. bottom. For some Republican voters, the presence and message of Mrs. Casey DeSantis, 42, appears to have been a significant political asset.

On June 2nd, Governor DeSantis of Florida, the U.S. candidate for the Republican nomination for the 2024 U.S. presidential election, kicked off his campaign in earnest at rallies in Iowa and New Hampshire. FILE PHOTO: Manchester, New Hampshire, June 1, 2023. REUTERS/Brian Snyder

Mrs. Casey, a former TV host, is trusted by Mr. DeSantis and his entourage as his closest political adviser. Aside from her steadfast defense of her husband’s track record as governor, there are plenty of stories about her struggles with raising her three children, ages 3, 5 and 6.

Some Republican voters in the states where the ballots are first cast said they were encouraged by the story of Mrs. Casey’s breast cancer recovery, while others criticized him for being stiff and uncharismatic. A voice was heard saying that it would be done.

“She’s a very strong woman, and I think it will help him get the vote,” said former IT expert Lisa Tiemann, 62, who attended DeSantis’ campaign event in Laconia, New Hampshire, on Jan. 1. ‘ said.

Mrs. Casey has emerged as a key figure in the early days of Mr. DeSantis’ campaign. Her prominent presence stands in stark contrast to former President Trump’s wife, Melania.

Trump usually holds campaign rallies without Melania. His daughter Ivanka has also said she will not join Trump’s campaign for re-election.

Republican political consultant Jeannette Hoffman said the DeSantis, unlike Democrat Biden, also have a “sell” of youth and energy.

“She (Mrs. Casey) is nothing less than a campaign asset,” Hoffman said. bottom.

A Reuters/Ipsos poll from May 9 to 15 showed Mr. Trump’s approval rating among Republicans at 49 percent, while Mr. DeSantis trailed second with 19 percent.

Mrs. Casey has a track record of success in her husband’s election campaigns in the past. She decided to run for re-election In last year’s gubernatorial race, she led a campaign of “mothers who support Mr. DeSantis.”

The movement supports DeSantis on education and parental rights, such as banning classes that touch on gender identity and sexual orientation in most public schools and ending funding for diversity and inclusion programs at public universities. The main purpose was to support Mr.

At a rally in Des Moines, Iowa on May 30, which kicked off Mr. DeSantis’ presidential campaign, Mrs. Casey declared, “I will fight on behalf of all mothers across the country.”

At a rally in Laconia on Thursday, her husband defended his policies by highlighting how he resisted pressure to continue his stringent coronavirus measures as governor of Florida. While avoiding the violent leftist attacks of Mr. DeSantis himself, she said his efforts were necessary to “protect the American mindset.”

“He never shrinks. He never takes the path of least resistance. He always stands up for what is right.”

After the rally, she stayed later than her husband to greet voters and take pictures.

Suzanne Nelson, president of the Women’s Association of New Hampshire, which supports Republican candidates, said: “She was very warm, caring, kind and intelligent. I think we can change the situation,” he said.

Doug Lambert, Republican vice president of Belknap County, a very conservative area, said he was impressed with Casey’s focus on children and families in his speech and expressed his support for DeSantis. said to have become stronger. “Don’t let this end with a First Lady story casting. She’s the real deal,” he insisted.

(Reporter Nathan Layne)

#Angle #DeSantis #key #figure #presidential #election
2023-06-05 03:59:00

June 5, 2023 0 comments
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World

US House to Pass Bill Temporarily Suspending Federal Debt Ceiling

by Chief editor of world-today-news.com May 31, 2023
written by Chief editor of world-today-news.com

US House Speaker McCarthy (Republican) announced on the 31st that the bill to suspend the federal debt ceiling temporarily will be voted on and that the bill will be passed. (2023 REUTERS/Julia Nikhinson)

[ワシントン 31日 ロイター] – US House Speaker McCarthy (Republican) announced on the 31st that the bill to suspend the federal debt ceiling temporarily will be voted on and that the bill will be passed.

A vote in the House of Representatives is scheduled for around 8:30 p.m. EDT on June 31.

Senate Majority Leader Mitch McConnell said the bill would pass the House on Wednesday and could be sent to the Senate on June 1 at the earliest, and hopes it will pass the Senate on June 1 or 2.

President Biden expects the bill to have passed Congress and be ready for signature by June 5, the so-called “X-Day,” when government funds run out, White House spokesman Jean-Pierre said. Stated.

It also said that President Biden plans to issue a statement on the night of the 31st.

#House #vote #debt #ceiling #bill #p.m #Biden #issue #statement
2023-05-31 13:42:00

May 31, 2023 0 comments
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Business

“U.S. Deputy Treasury Secretary Adhemo says there’s no “Plan B” for federal debt ceiling payments”

by Chief editor of world-today-news.com May 26, 2023
written by Chief editor of world-today-news.com

U.S. Deputy Treasury Secretary Adhemo said on Thursday that he does not have a “Plan B” that would allow him to pay off the federal debt ceiling. April 2022 (2023 REUTERS/Eduardo Munoz/File Photo)

(Reuters) – U.S. Deputy Treasury Secretary Adhemo said on Wednesday that the United States does not have a “Plan B” to pay off the federal debt ceiling. The U.S. government will not be able to prioritize payments if the ceiling is not raised, he said, adding that the 14th Amendment on public debt would not solve the challenges facing us.

Adeemo told CNN that talks between the Biden administration and opposition Republicans on raising the limit were “making progress” and “the goal is to reach a deal because a default is unacceptable.”

As for ratings agencies reviewing the U.S. credit rating for a downgrade, he said he hoped that would not happen, but that the dispute over the upper limit was already increasing the cost of U.S. Treasuries.

He told MSNBC that a default would send the stock market down, hurt pensioners’ savings and push up borrowing costs.

The government’s payment system was not designed to allow payment to be deferred, he said.

“We have no Plan B that can pay our creditors, our seniors, our veterans, our citizens,” he said. must be done on time,” he told CNN.

2023-05-26 13:15:00
#U.S #Deputy #Treasury #Secretary #Aims #Achieve #Plan #Debt #Ceiling

May 26, 2023 0 comments
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Business

“President Biden and House Speaker McCarthy near deal on U.S. debt ceiling negotiations”

by Chief editor of world-today-news.com May 25, 2023
written by Chief editor of world-today-news.com

Negotiations between President Biden and House Speaker McCarthy over raising the U.S. debt ceiling are nearing a deal, with a difference of just $70 billion between the two on “discretionary spending,” excluding social security and other items. This was confirmed by multiple sources. (2023 REUTERS/Craig Hudson)

[ワシントン 25日 ロイター] – Negotiations between President Biden and House Speaker McCarthy over raising the U.S. debt ceiling are nearing an agreement, with the difference in views between the two on “discretionary spending” excluding social security and other items amounting to just $70 billion. It was confirmed by multiple sources.

The sources said they expected the deal to be a simple document with a few key figures, rather than a lengthy bill of hundreds of pages. Overall figures for discretionary spending will be hammered out, and sectors such as housing and education will be left to lawmakers to work out the details over the next few months through the normal budgeting process, he said.

Discretionary spending will reach $1.7 trillion in 2022, according to federal statistics. It accounted for 27% of total spending ($6.27 trillion), about half of which was for defense. Some lawmakers have argued that defense spending should not be cut.

The White House declined to comment.

2023-05-25 16:55:00
#U.S #debt #ceiling #talks #billion #discrepancies #discretionary #spending #close #deal #sources

May 25, 2023 0 comments
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Business

“US Congressional Budget Office warns of looming default risk in June due to debt ceiling”

by Chief editor of world-today-news.com May 12, 2023
written by Chief editor of world-today-news.com

The US Congressional Budget Office (CBO) warned on Wednesday that it faces a “significant risk” of default as early as early June if the federal debt ceiling is not raised. FILE PHOTO: April 6, 2023. REUTERS/Elizabeth Frantz

[ワシントン 12日 ロイター] – The US Congressional Budget Office (CBO) warned on Thursday that it faces a “significant risk” of default as early as early June if the federal debt ceiling is not raised.

The estimate closely coincides with the June 1 deadline that Treasury Secretary Yellen said could default, underscoring the urgency of resolving the bitter rivalry between Democrats and Republicans over raising the cap. are doing.

On the other hand, if the cash on hand and special measures are sufficient to meet the June 15 tax deadline, it will “probably” be able to cover the government’s payment obligations through at least the end of July, potentially extending the deadline for negotiations. I thought there was also a sexuality. “Even if the Treasury Department eventually runs out of money in early June, we won’t know until May how much the government will be able to fund ongoing operations,” it said.

Talks between President Biden and congressional leaders, including Republican House Speaker McCarthy, on the debt ceiling, scheduled for Wednesday, were postponed to early next week. “There hasn’t been enough progress at the top to renegotiate,” McCarthy said.

2023-05-12 15:36:00
#U.S #faces #significant #risk #default #early #June #Congressional #Budget #Office

May 12, 2023 0 comments
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