The World Economic Situation and Prospects (WESP) 2025 report shows that despite withstanding a series of mutually reinforcing shocks, global economic growth has stagnated and remains below the ...

The fires have claimed at least five lives, displaced more than 100,000 people and destroyed hundreds of buildings. Damages are estimated to exceed $50 billion, according to US private forecaster ...

The report notes that lower inflation and ongoing monetary easing in many economies could provide a modest boost to global economic activity in 2025. However, uncertainty still looms large, with risks ...