



By David Lawder
WASHINGTON (Reuters) - The World Bank slashed its 2023 growth forecasts on Tuesday to levels teetering on the brink of recession for many countries as the impact of central bank rate hikes intensifies, Russia's war in Ukraine continues, and the world's major economic engines sputter.
The development lender said it now expected global GDP growth of 1.7% in 2023 -- the slowest pace outside the 2009 and 2020 recessions in nearly three decades. In its previous Global Economic Prospects report, in June 2022, the bank had forecast 2023 global growth at 3.0%
The bank said major slowdowns in advanced economies, including sharp cuts to its forecast to 0.5% for both the United States and the euro zone, could foreshadow a new global recession less than three years after the last one.
"Given fragile economic conditions, any new adverse development -- such as higher-than-expected inflation, abrupt rises in interest rates to contain it, a resurgence of the COVID-19 pandemic or escalating geopolitical tensions -- could push the global economy into recession," the bank said in a statement accompanying the report.
The bleak outlook will be especially hard on emerging market and developing economies, the World Bank said, as they struggle with heavy debt burdens, weak currencies and income growth, and slowing business investment that is now forecast at a 3.5% annual growth rate over the next two years -- less than half the pace of the past two decades.
"Weakness in growth and business investment will compound the already devastating reversals in education, health, poverty and infrastructure and the increasing demands from climate change," World Bank President David Malpass said in a statement.
China's growth in 2022 slumped to 2.7%, its second slowest pace since the mid-1970s after 2020, as zero-COVID restrictions, property market turmoil and drought hit consumption, production and investment, the World Bank report said. It predicted a rebound to 4.3% for 2023, but that is 0.9 percentage-point below the June forecast due to the severity of COVID disruptions and weakening external demand.
The World Bank noted that some inflationary pressures started to abate as 2022 drew to a close, with lower energy and commodity prices, but warned that risks of new supply disruptions were high, and elevated core inflation may persist. This could cause central banks to respond by raising policy rates by more than currently expected, worsening the global slowdown, it added.
The bank called for increased support from the international community to help low-income countries deal with food and energy shocks, people displaced by conflicts, and a growing risk of debt crises. It said new concessional financing and grants are needed along with the leveraging of private capital and domestic resources to help boost investment in climate adaptation, human capital and health, the report said.
The report comes as the World Bank's board this week is expected to consider a new "evolution road map" for the institution to vastly expand its lending capacity to address climate change and other global crises. The plan will guide negotiations with shareholders, led by the United States, for the biggest revamp in the bank's business model since its creation at the end of World War Two.
EUR/USD
1.0770
+0.0008 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (2)
EUR/USD
1.0770
+0.0008 (+0.07%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (6)
Sell (2)
GBP/USD
1.2560
+0.0001 (+0.01%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
USD/JPY
147.12
-0.19 (-0.13%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (10)
AUD/USD
0.6554
+0.0006 (+0.08%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (6)
Sell (2)
USD/CAD
1.3592
0.0001 (0.00%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (4)
EUR/JPY
158.44
-0.12 (-0.08%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (3)
EUR/CHF
0.9419
+0.0002 (+0.02%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Gold Futures
2,044.95
-2.95 (-0.14%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (0)
Silver Futures
24.277
+0.049 (+0.20%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Copper Futures
3.7393
+0.0093 (+0.25%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (5)
Sell (2)
Crude Oil WTI Futures
69.60
+0.22 (+0.32%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (8)
Brent Oil Futures
74.30
0.00 (0.00%)
Summary
NeutralMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (2)
Sell (3)
Natural Gas Futures
2.568
+0.001 (+0.04%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (10)
US Coffee C Futures
175.85
-7.90 (-4.30%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (10)
Sell (0)
Euro Stoxx 50
4,483.75
+30.98 (+0.70%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (6)
S&P 500
4,549.34
-17.84 (-0.39%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (1)
Sell (4)
DAX
16,656.44
+123.33 (+0.75%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
FTSE 100
7,515.38
+25.54 (+0.34%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (5)
Hang Seng
16,474.00
+168.50 (+1.03%)
Summary
BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (5)
Sell (1)
US Small Cap 2000
1,851.25
-4.79 (-0.26%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (0)
Sell (7)
IBEX 35
10,258.10
+19.70 (+0.19%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
BASF SE NA O.N.
44.440
+0.840 (+1.93%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (0)
Bayer AG NA
32.39
+0.69 (+2.16%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
240.95
+2.20 (+0.92%)
Summary
BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (5)
Sell (3)
Adidas AG
197.00
+1.72 (+0.88%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (7)
Deutsche Lufthansa AG
8.585
+0.266 (+3.20%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (0)
Sell (6)
Siemens AG Class N
160.92
+2.18 (+1.37%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (3)
Sell (4)
Deutsche Bank AG
11.670
+0.100 (+0.86%)
Summary
BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (5)
Sell (3)
EUR/USD | 1.0770 | ↑ Buy | |||
GBP/USD | 1.2560 | ↑ Buy | |||
USD/JPY | 147.12 | ↑ Sell | |||
AUD/USD | 0.6554 | ↑ Buy | |||
USD/CAD | 1.3592 | Neutral | |||
EUR/JPY | 158.44 | Neutral | |||
EUR/CHF | 0.9419 | ↑ Buy |
Gold | 2,044.95 | ↑ Buy | |||
Silver | 24.277 | ↑ Buy | |||
Copper | 3.7393 | ↑ Buy | |||
Crude Oil WTI | 69.60 | Neutral | |||
Brent Oil | 74.30 | Neutral | |||
Natural Gas | 2.568 | ↑ Sell | |||
US Coffee C | 175.85 | ↑ Buy |
Euro Stoxx 50 | 4,483.75 | ↑ Sell | |||
S&P 500 | 4,549.34 | Sell | |||
DAX | 16,656.44 | ↑ Sell | |||
FTSE 100 | 7,515.38 | ↑ Sell | |||
Hang Seng | 16,474.00 | Buy | |||
Small Cap 2000 | 1,851.25 | ↑ Sell | |||
IBEX 35 | 10,258.10 | ↑ Sell |
BASF | 44.440 | ↑ Buy | |||
Bayer | 32.39 | ↑ Buy | |||
Allianz | 240.95 | Buy | |||
Adidas | 197.00 | ↑ Sell | |||
Lufthansa | 8.585 | Sell | |||
Siemens AG | 160.92 | Neutral | |||
Deutsche Bank AG | 11.670 | Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,320/ 7,420 (0/ 0) # 1,465 |
SJC HCM | 7,300/ 7,420 (0/ 0) # 1,465 |
SJC Hanoi | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Danang | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Nhatrang | 7,300/ 7,422 (0/ 0) # 1,467 |
SJC Cantho | 7,300/ 7,422 (0/ 0) # 1,467 |
Cập nhật 07-12-2023 07:34:14 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,027.16 | +8.66 | 0.43% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.680 | 24.150 |
RON 95-III | 22.990 | 23.440 |
E5 RON 92-II | 21.790 | 22.220 |
DO 0.05S | 20.190 | 20.590 |
DO 0,001S-V | 21.590 | 22.020 |
Dầu hỏa 2-K | 21.110 | 21.530 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $69.82 | -5.48 | -0.07% |
Brent | $74.29 | -5.77 | -0.07% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.065,00 | 24.435,00 |
EUR | 25.474,81 | 26.873,60 |
GBP | 29.775,38 | 31.043,30 |
JPY | 160,24 | 169,63 |
KRW | 15,96 | 19,34 |
Cập nhật lúc 07:25:53 07/12/2023 Xem bảng tỷ giá hối đoái |