[*] [-] [-] [x] [A+] [a-]  
[l] at 3/26/24 4:00pm
Chinese Premier Li Qiang met with Kristalina Georgieva, managing director of the International Monetary Fund (IMF), on Monday in Beijing, and called for closer cooperation with the IMF. Li said China has set a target of around 5 percent GDP growth this year, which is positive news for the global economy. Since the beginning of ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/25/24 4:00pm
With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Sunday. This additional growth would amount to a 20% expansion of the real economy over the next 15 years, in today’s terms, that is like adding $3.5 trillion ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/21/24 12:00pm
International Monetary Fund Managing Director Kristalina Georgieva warned on Thursday that central banks face growing political pressure to cut interest rates during a major election year but policymakers need to maintain their independence. Georgieva said in a blog posted on the IMF website that central banks with stronger independence scores are more successful in controlling ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/18/24 12:00pm
Underlying inflation in central, eastern and southeastern Europe is stronger than in advanced economies, requiring many central banks in the region to maintain a tight monetary stance for longer than the European Central Bank, a top IMF official said. Aided by a retreat in price growth from double digits, some central banks in the region ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/14/24 4:00pm
The Organization for Economic Cooperation and Development said on Wednesday it projects the average structural balance in Latin America and the Caribbean to reach pre-pandemic levels by 2025. The regions are expected to see a steady improvement from 2022 to 2025, with forecasts indicating a return to -3.4% of potential GDP by 2025. This figure ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/14/24 5:00am
Gross domestic product (GDP) in the G20 area grew by 0.7% quarter-on-quarter in the fourth quarter of 2023 according to provisional estimates, slightly down from 0.8% in the previous quarter (Figure 1). The economic performance of G20 countries was mixed in Q4 2023. GDP growth weakened in China (to 1.0% in Q4 compared with 1.5% ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/12/24 4:00pm
European Union finance ministers on Tuesday endorsed International Monetary Fund Managing Director Kristalina Georgieva for a second term at the helm of the lender of last resort. Georgievas current five-year term ends on Sept 30. Traditionally European countries recommend the managing director of the IMF and the United States recommends the head of the World ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/11/24 4:00pm
Southeast Asia, a region grappling with environmental challenges and the effects of climate change where one in three workers rely on natural resources to sustain their livelihoods, would see large employment gains from transitioning to sustainable agriculture and to renewable sources of energy, according to a new OECD Development Centre report. “Towards Greener and More ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/11/24 4:00pm
Germany will support a second term for International Monetary Fund (IMF) chief Kristalina Georgieva, Finance Minister Christian Lindner said on Monday. Kristalina Georgieva navigated the IMF through difficult times over the last years. I am convinced that she is exactly the right person to steer the institution through the challenges ahead and to strengthen the ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/11/24 5:00am
The Organisation for Economic Cooperation and Development (OECD) said it expects its governments total bond debt to rise to $56 trillion this year from $54 trillion in 2023 in an environment of restrictive financial conditions. The United States will represent roughly half of this debt, twice its share in 2008, while the European Union will ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/8/24 11:00am
International Monetary Fund Managing Director Kristalina Georgieva is interested in a second five-year term heading up the global lender and is poised to secure sufficient support among member countries, sources familiar with the plans said. Georgievas term ends on Sept. 30. The Bulgarian economist last week won the backing of French Finance Minister Bruno Le ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 3/8/24 7:00am
The International Monetary Funds staff is still assessing steps announced by China this week to shore up its flagging economy but welcomes Beijings focus on quality and sustainable growth, IMF spokesperson Julie Kozack said on Thursday. Kozack told a regular news briefing that IMF Managing Director Kristalina Georgieva and First Deputy Managing Director Gita Gopinath ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/28/24 11:00am
With just seven months to go in Kristalina Georgievas five-year term as head of the International Monetary Fund, she said on Tuesday that she is not focused on whether to seek a second one. Georgieva told Reuters she was focused on the work at hand as the IMF managing director. Look, I have work to ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/26/24 3:00pm
Medium-term global growth prospects are the weakest in decades, but G20 major economies could boost growth prospects if they work together to address climate change, avoid trade restrictions and adopt worldwide principles for artificial intelligence (AI), the International Monetary Fund said. IMF Managing Director Kristalina Georgieva urged G20 major economies to act boldly to rebuild ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/23/24 3:00am
After several quarters of decline, G20 merchandise trade growth flattened in value terms in Q4 2023, as measured in current US dollars (Figure 1 and 2). There was little change in exports and imports compared to Q3 2023, as a robust recovery in East Asia was counterbalanced by a slowdown in Europe and North America. ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/22/24 3:00pm
The International Monetary Fund on Thursday said Japans weaker economic performance in 2023 could add to downside risks in 2024, while high frequency indicators were pointing to a recovery in Britain this year. IMF spokesperson Julie Kosack told reporters the global lender would take new information on the Japanese and British economies which both ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/21/24 3:00pm
Gross domestic product (GDP) in the OECD rose by 0.4% in the fourth quarter of 2023 according to provisional estimates (Figure 1). Quarterly OECD GDP growth rates have remained weak over the past two years (Table 1). In the G7, quarter-on-quarter GDP growth slowed slightly to 0.4% in Q4 2023 compared with 0.5% in Q3. ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/20/24 7:00am
The OECD unemployment rate was stable at 4.8% in December 2023, having remained below 5.0% throughout 2023 (Figure 1 and Table 1). The rate was unchanged in 21 OECD countries in December, rose in 7 countries, and declined in 5 countries. The unemployment rate was more than 3.5 percentage points [p.p.] above its record low ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/16/24 3:00pm
The International Monetary Fund said on Thursday its 2023 economic growth forecast for Japan remained unchanged at 1.9% even after the release of weak October-December gross domestic product data. Despite the weak outturn for the second half of 2023 driven by weak domestic consumption and investment, growth in 2023 for the year as a whole ...

[Category: IMF/OECD News]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/14/24 7:00am
The supply of services through commercial presence and digital trade faced new barriers in 2023, as global services providers were confronted by fragmented regulatory environments, according to annual analysis from the OECD. The overall number of services trade liberalisation reforms enacted in 2023 was below the previous year, but the aggregate impact of liberalising policies ...

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [+] [-] [x] [A+] [a-]  
[l] at 2/12/24 3:00pm
A gradual reversal of oil output cuts for some GCC economies, together with eventual rate cuts, is likely to propel growth in the region by just under 3% in 2024, shrugging off the slowing global economy. This is according to Samy Chaar, Chief Economist at Lombard Odier, who sheds light on the economic outlook in ...

[Category: IMF/OECD News]

As of 3/28/24 6:30am. Last new 3/26/24 6:20pm.

Next feed in category: World Maritime News