Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025
IMF Reports Says Weakest Growth of World Economy Since 1990
By Garvit Vyas , 08 May, 2023
The world economy is supposed to grow at roughly 3 percent in the next five years. It is the slower pace since 1990 as told by the head of the International Monetary Fund.
According to the reports, the global growth has fallen almost in half to 3.4 percent in 2021. It is the below 3.8 percent average growth in the last two decades. The slowdown is continuing in 2023 as well, despite strong job markets in the countries like United States.
As per the information by IMF, the expected growth dip below 3 percent in 2023, with China and India accounting for more than a half of the growth. Around 90 percent of the advanced economies are supposed to see decline in growth by reflecting the borrowing costs, after the central banks raised the interest rates to stabilise soaring prices. Also, for the low-income countries the higher borrowing costs also arrive at a time of weakening demand for their exports.
Georgieva added, a severe blow is even harder for the low-income nations to catch up. Also, hunger and poverty may increase further in a dangerous trend that started by the global covid crisis. Thus, to call for support to vulnerable nations, the authorities must continue to lift up the interest rates to fight the inflation as long as financial pressures are limited.China and India Contributing World GDP
Latest News
Quadric and Denso Team Up to Progress Automotive AI Semiconductors for 2025
The automotive industry will benefit significantly from strategic partnerships in artificial intelligence (AI) and its use in cars. AI integration into automobiles is projected to improve considerably in the year 2025 due to the formation of various…
Semiconductor Trade Restrictions Threaten EV, AI, and Industrial Progress in 2025
In 2025, the global semiconductor industry is already grappling with new and complex challenges emanating from the trade wars and policy changes between the United States and China. The semiconductor industry, an essential backbone of technology…
Surge in Demand for Semiconductors in 2025 Driven by Boom of Generative AI
The rapid use of generative artificial intelligence (AI) in 2025 has profoundly affected the semiconductor sector, resulting in unprecedented growth for advanced chip technologies. According to estimates made by the Capgemini Research Institute, this…
Texas Faces Challenges to Balance Grid Security and AI Boom in 2025
Texas will face an emerging challenge in 2025 as the electricity grid experiences unprecedented strain from the rapid expansion of artificial intelligence (AI) data centers. Power usage has increased due to technology firms' indiscriminate placement…
Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline
With the "Magnificent Seven”- Apple, Microsoft, Amazon, Alphabet, Meta, Nvidia, and Tesla leading the fall, the US stock market saw a significant dip in early 2025. Usually seen as market drivers, these IT behemoths found themselves in the correction…
Garvit Vyas
Analyst
Latest News
Semiconductor Trade Restrictions Threaten EV, AI, and Industrial Progress in 2025
Surge in Demand for Semiconductors in 2025 Driven by Boom of Generative AI
Texas Faces Challenges to Balance Grid Security and AI Boom in 2025
Tech Turmoil in 2025: Magnificent Seven Stocks Slide as Tesla Leads Market Decline
