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World Economy Economic Organizations

  • PARIS, Nov 28- The following are the latest growth forecasts for major economies released by the Organisation for Economic Cooperation and Development on Monday. Forecasts are for annual percentage changes in real gross domestic product; figures in brackets represent the difference from the OECD's last projections in September. 2016 2017 2018 World 2.9 3.3...

  • PARIS, Nov 28- Global growth will pick up faster than previously expected in the coming months as the Trump administration's planned tax cuts and public spending fire up the U.S. economy, the OECD said on Monday, revising up its forecasts. The OECD was slightly less pessimistic about Britain's outlook than it was in September, as the central bank has helped ease the...

  • DUBLIN, Nov 25- After a year of huge shocks to the market, investors' nerves will be tested twice more in the coming week as OPEC debates an oil output cut and Italy provides the first of several upcoming major European electoral tests. By far the greater unknown of the two, investors fear Italy could be plunged into political uncertainty if pro-euro Prime Minister...

  • TBILISI, Nov 24- The International Monetary Fund forecasts Georgia's gross domestic product will grow 2.7 percent in 2016 and by 4 percent in 2017, the IMF said on Thursday. The IMF had earlier predicted 3.4 percent growth in Georgia in 2016 and 5.2 percent in 2017, although its representative told Reuters earlier this month that its forecasts could be...

  • TBILISI, Nov 24- The International Monetary Fund forecasts Georgia's gross domestic product will grow 2.7 percent in 2016 and by 4 percent in 2017, the fund said on Thursday. "The Georgian economy has shown resilience and continues to recover from the external shock, although at a slower pace than initially envisaged," the IMF said in a statement after the Fund's...

  • *Canadian dollar ends at C $1.3496, or 74.10 U.S. cents. The loonie hit its weakest in eight months last week at C $1.3589, but recovered some ground in recent days as oil rallied on hopes of a supply cut at an upcoming meeting of the Organization of the Petroleum Exporting Countries. Divergence between U.S. and Canadian monetary policy and economic growth will drive...

  • BERLIN, Nov 23- Euro zone finance ministers and IMF officials are not planning to meet on Friday in Berlin to discuss Greece's bailout, a spokeswoman for the German finance ministry said on Wednesday. On Tuesday, the Sueddeutsche Zeitung had reported that ministers from Germany, France, Italy, Spain and the Netherlands would meet officials from the...

  • MEXICO CITY, Nov 22- Mexico is facing risks to its growth from trade protectionism, the International Monetary Fund said on Tuesday, as it cut its growth forecast for the coming years for Latin America's No. 2 economy. President-elect Donald Trump has threatened to tear up the NAFTA trade deal and impose tariffs on Mexican-made goods. Mexico's central bank has...

  • LISBON, Nov 22- When international creditors released Portugal from onerous loan conditions two years ago, they hailed the nation for some major reform achievements- not least, an overhaul of the judiciary. The International Monetary Fund applauded Lisbon for reforming a dysfunctional court system which had been a brake on the economy. And with the European...

  • LAGOS, Nov 21- Nigeria's recession deepened in the third quarter and oil production fell, the National Bureau of Statistics said on Monday, as a dollar shortage kept Africa's biggest economy in a stranglehold. That was even worse than the 2.06 decline in the second quarter, when Nigeria fell into recession for the first time in 25 years. Oil sales are the OPEC...

  • COLOMBO, Nov 19- The International Monetary Fund on Saturday said Sri Lanka's macroeconomic and financial conditions have begun to stabilize and the island nation's performance under its $1.5 billion loan program is satisfactory. The global lender, after completing the first review of Sri Lanka's economic performance, also said inflation has trended down...

  • Nov 18- Euro zone economic growth will hum along at a modest pace over the coming year, according to economists in a Reuters poll whose views have barely changed since the U.S. election and five months after Britain voted to exit the European Union. Despite what appears to be a strong likelihood for a U.S. interest rate rise next month, the European Central Bank looks...

  • *Germany is only big state not hitting EU fiscal limits. BRUSSELS, Nov 16- The European Union effectively urged the German government to spend more in an election year as Brussels moved further away on Wednesday from its mantra of austerity, pushing for euro zone countries to loosen their budgets for 2017.. But since France, Italy and Spain are among those butting...

  • Ken Allen, chief executive officer of DHL Express.

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  • BRASILIA, Nov 15- The International Monetary Fund's executive board said on Tuesday the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new...

  • BRUSSELS/ ROME Nov 15- European Union governments and institutions are set for intense budget negotiations ahead of a Thursday deadline, with Italy complaining not enough spending is planned for handling migration, security threats and youth unemployment. But Italy, which holds a constitutional referendum on Dec. 4 that could end the political career of...

  • WARSAW, Nov 15- Economic growth slowed in the third quarter across central and eastern Europe, data showed on Tuesday, with economists mainly blaming reduced investment caused by lower inflows of European Union aid. Poland, the region's largest economy, saw growth hit its weakest annual level in three years in the July-September period, while economic...

  • LONDON, Nov 14- Scottish hedge fund manager Hugh Hendry is betting on a break-up of the European Union in a trade he said could deliver 30-35 percent gains, the Reuters Global Investment Outlook Summit heard on Monday. "The biggest risk to the global economy is the acute and impending political crisis in Europe, which monetary policy does not have the tools to...

  • DUBAI, Nov 13- Egypt's stock market gained for a 12th straight session on Sunday after the International Monetary Fund approved a $12 billion loan for the country, while Saudi Arabia rose, bucking a downtrend in the rest of the Gulf. The IMF loan approval had been widely expected, but it added fresh fuel to a rally caused by Egypt's decision to float its currency on...

  • CAIRO/ WASHINGTON, Nov 11- Egypt won International Monetary Fund approval on Friday for a three-year, $12 billion bailout program aimed at reviving a struggling economy, bringing down public debt and controlling inflation while seeking to protect the poor. IMF Managing Director Christine Lagarde described the Egypt bailout as a "homegrown economic program"...