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Global economic growth expected to remain at 2.6% in 2024 — World Bank

In 2024, global inflation is expected to slow down to 3.5% and to 2.9% in 2025, but this slowdown is not as significant as was expected six months ago, the report said

WASHINGTON, June 11. /TASS/. The World Bank maintained its forecast for global economic growth for 2024, which amounted to 2.6%, with a slight increase expected in 2025-2026, according to the June report of the organization.

According to the bank's experts, global economic growth is projected to remain at 2.6% in 2024 and in 2025-2026 will increase slightly to an average of 2.7%. At the same time, in 2024-2025, economic growth rates in developing countries will average 4%, which is slightly lower than in 2023.

In 2024, global inflation is expected to slow down to 3.5% and to 2.9% in 2025, but this slowdown is not as significant as was expected six months ago, the report said.

At the same time, the World Bank improved its forecasts for Russian GDP growth in 2024-2025. According to the bank's experts, in 2024 Russia’s economic growth will reach 2.9%, in 2025 - 1.4%, in 2026 - 1.1%. In April, the World Bank forecast the Russian economy to grow by 2.2% in 2024 and in 2025 - by 1.1%.

The report noted that Russia's ties with China have strengthened as more Russian transactions are conducted in Chinese yuan. According to the assessment, the trade rebalancing is expected to continue, in particular the deepening of Russia's trade relations with China.

According to the document, the outlook for the Europe and Central Asia region is clouded by geopolitical tensions related to Russia's special military operation, as well as the likelihood of continued negative consequences of the conflict and the risk of its escalation. In addition, the World Bank believes that the uncertainty surrounding Ukraine poses ongoing risks to commodity markets, including oil and grain supplies, as well as to regional security.

APEC leaders to discuss digitalization, sustainable economic growth in Peru

The official part of the summit will be held, resulting in the adoption of the final declaration

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Su-57 fighter jet shows exceptional performance in Russia’s special op, senior official

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APEC leaders to discuss digitalization, sustainable economic growth in Peru

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Israeli strike on southern Lebanese village leaves at least six dead

Four of the victims were rescue workers

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Clear Zelensky won't be the one to decide about talks with Russia, says Lavrov

"Russian President Putin has repeatedly said that we have never refused to negotiate," the Russian foreign minister reiterated

Bloodshed in Ukraine to end soon, Musk says

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Explosion heard in Damascus suburb

The circumstances of the incident are being established at the moment

Authorities of southeastern Ukrainian region report ‘infrastructure damage’

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Kalashnikov concern trains first group of operators for Bars-Sarmat UAV unit

The soldiers studied the hardware, including the drones’ electronics, internal systems and rules of operation

Russian air defenses down multiple aerial targets over Belgorod, with one injury reported

Vyacheslav Gladkov noted that the windows of 11 apartments in six apartment buildings were damaged in Belgorod

Ukrainian forces shell Energodar in Zaporozhye Region, five hits registered — official

Vladimir Rogov noted that data about injuries is currently being updated, and called on residents to seek shelter

Demographic crisis threatens Ukraine’s viability as state — think tank

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Daniil Medvedev loses chances of reaching semifinals at ATP Tour Finals

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South Korea to support Ukraine in response to Russia-North Korea alliance — president

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Trump does not rule out he may run in next US presidential election

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Presidential election in Abkhazia to be held within legal period — president

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Russian troops storm into Kupyansk outskirts in Kharkov Region — military expert

Troops from various Russian army units are engaged in battles in the outskirts of Kupyansk, Andrey Marochko said

Russia inks first deals to deliver Su-57 fifth-generation fighter to foreign customers

Alexander Mikheyev also explained the expectations and effect of the demonstration of Russian military hardware at Airshow China in Zhuhai

Lavrov arrives in UAE to take part in Sir Bani Yas Forum

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Kamala Harris’s campaign team continues fundraising efforts after election defeat — TV

Republican candidate Donald Trump defeated current US Vice President Kamala Harris, the Democratic Party’s contender, in the November 5 presidential election

54 countries vote against resolution on combating ne-Nazism

116 countries, including Azerbaijan, Algeria, Armenia, Belarus, Bolivia, Brazil, China, Cuba, Serbia, and Syria, supported the document

Musk doubles down on his opinion about 'endless war' in Ukraine

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Ukraine aims to call up 1 mln people in eastern areas by end of 2024 — official

According to the plan, 360,000 people are to be mobilized in October; 325,000 and 300,000 in November and December, respectively

Western efforts to vilify Russia climax, Moscow fights back — MFA

"We are witnessing the culmination of the Anglo-Saxons' systematic efforts to vilify our country, exerted over decades, and maybe even centuries," Maria Zakharova said

Security Service of Ukraine operated ‘concentration camp’ in Kiev in 2022, lawmaker says

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Israeli anthem booed before start of football match in Paris

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Gagauzian public figure sees possibility of early parliamentary polls in Moldova

Mihail Vlah told TASS in an interview that the ruling Party of Action and Solidarity 'has started urgent preparations'

Russia to collaborate with Arab nations for Middle East de-escalation — diplomat

"A call was made to the international community to contribute to the achievement of this goal," Maria Zakharova added

Israeli military vows to keep Syrian-made weapons out of Hezbollah’s hands by any means

IDF spokesman Daniel Hagari said that Israeli troops have detected the movement's use of Syrian-produced weapons in its attacks on Israel

All weapons pledged by Biden to Kiev to be delivered before he leaves office — Pentagon

Department’s Deputy Press Secretary Sabrina Singh expects that for the 'next coming months of this administration'

Russian forces liberate Voznesenka community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 655 casualties on Ukrainian troops and destroyed three enemy tanks in its area of responsibility over the past day, the Defense Ministry reported

Hezbollah reports attack on Israeli military intelligence base near Tel Aviv

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Most Russians believe survey results — pollster

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Putin discussed Ukraine with Saudi crown prince — Kremlin

"The sides indeed touched upon the topic of the conflict. We have nothing more to say," Dmitry Peskov said

Attempts being made to drag Syria into armed confrontation in Middle East — diplomat

According to Alexander Lavrentyev, the top priority today is to prevent such attempts

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Russia's newest Su-57 fighter jet superior to China's new J-35 — test pilot

Sergey Bogdan emphasized that the newest Russian fighter was a "magnificent platform for a future generation of configurations, just as the Su-27 aircraft in its heyday"

Trump picks ex-congressman Collins for veterans’ affairs secretary

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US denies possession of extraterrestrial technologies

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Two injured in bridge collapse in Crimea

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At least ten Ukrainian troops were killed

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The Russian diplomats also said that IAEA experts will stay at the ZNPP as long as Russia deems their presence there necessary

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Football fans clash during France vs Israel football match in Paris

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Erdogan praises Russia, China for backing arms embargo on Israel

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Finnish government requests EU sanctions exemption for Russian owners of sports arena

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Baltic Sea will never turn into 'NATO lake' — Russian MFA

Maria Zakharova emphasized that the Baltic Sea "will always be a common space for all of the region’s countries without exception"

Trump plans to appoint special envoy on Ukraine to hold peace talks with Russia — TV

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Talks out of question: situation in Kursk Region

Over the day, Ukraine lost more than 400 servicemen and 29 armored vehicles

Trump to nominate North Dakota governor Burgum as interior secretary

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Russia’s Vityaz, Viking air defense systems attract major attention at Airshow China

Russian surface-to-air missile systems have demonstrated their value in the special military operation in Ukraine, Vyacheslav Dzirkaln noted

France wraps up training of new Ukrainian brigade — minister

The brigade is equipped with French weapons

US oil reserves rise by 2.1 mln barrels over week — Department of Energy

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Violence against Kupyansk residents refusing to evacuate reported in Kharkov Region

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Ukrainian intel officers in Syria to be eliminated as terrorists’ accomplices — diplomat

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What is known about Sevastopol car blast

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Gazprom says EU artificially destroys gas demand to the detriment of its own economy

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Trump suggests Kennedy Jr. as US secretary of health and human services

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Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Russia, US have many annoyances, it is hard to pick worst one — Kremlin spokesman

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European Commission gives ‘positive assessment’ for payment of 4.1 bln euros to Kiev

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Most Russians say special op doesn't bleed into their daily life

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Crimean amateur astronomer discovers new comet in solar system

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White House official sees possibility of DPRK nuclear test soon

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Pilot lauds thrust, aerodynamics of smooth-flying Su-57 fighter jet

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Press review: US to maintain aid to Israel while Kiev regime faces challenge to retain it

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Israeli practices ‘consistent with characteristics of genocide’ — UN committee

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Iran will never try to build nuclear weapons, president tells IAEA chief

Masoud Pezeshkian accused the US of derailing the agreements around Iran's nuclear program

Trump to end NATO’s obsession to get on Russian territory — White House ex-strategist

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Explosion of Kurakhovo reservoir dam disrupts water supply

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Court sentences ‘Russian Volunteer Corps’ members to life in prison in absentia

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US missile defense site to defend Poland from Russia too — Polish minister

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Hamas ready for immediate ceasefire in Gaza, official says

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No plans for major government reshuffle after parliamentary election — Georgian PM

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India increases imports of goods from Russia by 8.8% in April — October

Russia has become India's fourth largest trading partner after the US, China and the UAE

Trump’s return to power unlikely to change US approach to Ukraine crisis — Lavrov

Washington will always seek to control everything that is happening within NATO’s orbit, especially on NATO territory, the Russian foreign minister said

Scholz promises to transfer sixth IRIS-T system to Kiev by yearend

Ukraine and Germany also discussed further defense cooperation

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

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US-led coalition's aircraft violate Syrian airspace nine times in past day

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