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World economy not doing as badly as feared, IMF chief says
World economy not doing as badly as feared, IMF chief says
Economy
by  AFP

The global economy is doing better than expected, even as it faces prolonged uncertainty and underwhelming medium-term growth prospects, the head of the IMF said Wednesday. Against this backdrop, the Fund still expects global growth to remain at roughly three percent over the medium term, in line with previous forecasts -- below the 3.7 percent, on average, seen before the Covid-19 pandemic.

Veggie 'burgers' face the chop as EU lawmakers back labeling ban
Veggie 'burgers' face the chop as EU lawmakers back labeling ban
Economy
by  AFP

Plant-based "steaks" and "veggie burgers" may be on the way out in the European Union after the bloc's parliament voted Wednesday to restrict such labels to meat only, in a win for disgruntled farmers. It is not the first time veggie burgers have found themselves in the crosshairs of European lawmakers, with a similar proposal for a ban rejected in 2020.

Germany raises growth forecasts, but warns reforms needed
Germany raises growth forecasts, but warns reforms needed
Economy
by  AFP

Germany's economy will eke out meagre growth in 2025 before picking up speed next year, the government Wednesday said as it raised forecasts, but called for "decisive reforms" for a sustained recovery. In its latest forecasts, the economy ministry said it did not expect a third year of recession in 2025, although the economy would only grow 0.2 percent.