Average potential global economic growth will slump to a three-decade low of 2.2 percent per year through 2030, the World Bank warns.
Exports spiked 60.6 percent on-year in the January-February period, well above analysts' expectations, while imports rose 22.2 percent, with electronics and textile exports such as masks contributed to the spike in outbound shipments.
US-based multinational banking and financial services company JP Morgan also revised its estimate for Turkey's economic growth for 2020 from 1.1 percent to 1.9 percent.
While governments and central banks have unleashed or are prepared to roll out stimulus measures, the rapid spread of the disease and rising death toll are putting a strain on economies and stoking concerns of a worldwide recession.
The drop mounts pressure on Chinese leaders to avert politically dangerous job losses as they fight a tariff war with US President Donald Trump over Beijing's trade surplus and technology ambitions.
In its quarterly economic forecasts, the European Union's executive arm says prices will grow less than previously predicted, pushing the inflation rate further off the European Central Bank's target of close to but less than two percent.
Indian PM Modi's government has set a target of growing India into a $5 trillion economy by 2024-2025 from $2.7 trillion – through higher investment, savings and exports.
Confectionery companies have been facing a tough time as consumers turn increasingly towards healthier snacks, but Lindt has fared better than some mass-market rivals thanks to its high-margin premium products and retail network.
Despite the growth most China observers agree that the world's second-biggest economy will continue to cool as authorities reduce high levels of debt across many of the heavy industries, crack down on financial risks and tighten monetary conditions.
Turkey's economy is now expected to expand 3.5 percent in 2017, up from an estimate of three percent in January.
Guinea is targeting double-digit GDP growth by 2020 as it seeks to rebound after the Ebola virus slows investments and hurts the mining sector, Prime Minister Mamady Youla says.
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