NEW YORK — Global growth is projected to fall from an estimated 3.5 percent in 2022 to 3.0 percent in 2023 and 2024, and China’s growth will stay unchanged at 5.2 percent for 2023 and 4.5 percent for 2024, said the International Monetary Fund (IMF) on Tuesday.
“While the forecast for 2023 is modestly higher than predicted in the April 2023 World Economic Outlook, it remains weak by historical standards,” said the IMF in the latest World Economic Outlook Update. “The rise in central bank policy rates to fight inflation continues to weigh on economic activity.” (IMF-Global growth)
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MOGADISHU — The Somali National Army (SNA) on Tuesday killed 25 al-Shabab militants including foreign jihadists in Bakool Region, southwestern Somalia, officials confirmed.
Abdirahman Yusuf Al-adala, deputy minister of information, culture and tourism, told Somali National News Agency that the forces managed to thwart an attack by the militants targeting civilians. (Somalia-Counterterrorism-al-Shabab)
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MANILA — Five people were killed after a steel bridge under construction collapsed in Davao City in the southern Philippines, police said on Tuesday.
Police said the victims were installing the bridge’s side panel using a boom truck when the structure collapsed at around 3:30 p.m. local time on Monday, burying seven workers. (Philippines-Bridge Collapse)