World Economy Economic Organizations

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday said the U.S. economy would grow faster than previously expected in 2017 and 2018 based on the incoming Trump administration's tax and spending plans, but it kept its global growth forecasts unchanged due to weakness in some emerging markets. It estimated a modest fiscal stimulus under...

  • WASHINGTON— The International Monetary Fund is raising its forecast for the U.S. economy this year and in 2018, reflecting an expected boost from the economic policies of President-elect Donald Trump. The IMF also increased 2017 growth projections for a number of other countries including China, Germany, Japan and Britain, but warned that the global economy...

  • IMF FORECASTS 2017 GLOBAL GROWTH AT 3.4 PCT, 2018 GROWTH AT 3.6 PCT, BOTH UNCHANGED FROM OCTOBER FORECASTS.

  • BEIJING, Jan 16- The International Monetary Fund on Monday raised its forecast for China's economic growth this year by 0.3 percentage points to 6.5 percent, on expectations of continued policy stimulus. China's corporate debt has climbed to 169 percent of GDP and international institutions have repeatedly urged Beijing to act quickly to tackle the problem...

  • WASHINGTON, Jan 16- The International Monetary Fund on Monday lifted its forecast for U.S. economic growth in 2017 and 2018 based on President-elect Donald Trump's tax cut and spending plans, but said this would largely be offset by weaker growth in several key emerging markets. The United States will see a slight 0.1 percentage-point improvement in 2017 gross...

  • BEIJING— The International Monetary Fund on Monday raised its growth forecast for China but warned rising debt that has prompted concern about the country's finances increase the risk of a sharper slowdown. China's growth held steady at 6.7 percent in the three months ending in September, supported by government spending and a boom in real estate sales and...

  • NAIROBI, Jan 16- Kenya's economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund's representative in Kenya, said growth is likely to remain...

  • NAIROBI, Jan 16- Kenya's economic growth rate will slow in 2017, from about 6 percent last year, due to sluggish credit growth and as investors take a wait-and-see attitude before a presidential election in August, a senior IMF official said on Monday. Armando Morales, the International Monetary Fund's representative in Kenya, said growth is likely to remain...

  • BRUSSELS— European Union nations bracing for the looming Donald Trump presidency showed defiance Monday in the face of the president-elect's stinging comments on everything from NATO and German cars to the crumbling of the EU itself. German Foreign Minister Frank-Walter Steinmeier said the U.S. president-elect's view that NATO was obsolete and his...

  • VIENNA- Austria Central Bank Governor Ewald Nowotny to speak at event "Risks and Returns: Managing Financial Trade-Offs for Inclusive Growth in Europe and Central Asia" with World Bank officials. VIENNA- Austrian Finance Minister Hans Joerg Schelling to speak about 2017 economy and fiscal issues- 0930 GMT. VIENNA- ECB Governing Council Member Ewald Nowotny...

  • *Libya's oil production up to 750,000 bpd- deputy PM. NEW YORK, Jan 13- Oil prices fell on Friday and ended the week 3 percent lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer, China, after it reported the steepest falls in overall exports since 2009..

  • *Many analysts expect OPEC cut compliance of 50-80 pct. NEW YORK, Jan 13- Oil prices fell on Friday and were on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the economic health of the world's second-largest oil consumer China after it reported the steepest falls in overall exports since 2009..

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • *Saudi Arabia says output has fallen below 10 million bpd. *China's December crude imports hit record 8.56 million bpd. LONDON, Jan 13- Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009..

  • The complaint, which seeks consultations with Beijing on the matter, is likely to add to rising trade tension between the world's two largest economies as President-elect Donald Trump prepares to take office next week with pledges to reduce U.S. trade deficits with China as a top priority. Trade Representative's office said the complaint says China's...

  • GENEVA, Jan 12- The ranks of the world's jobless are expected to grow this year due to slow growth, political and economic uncertainty and a lack of investment, the International Labour Organization said on Thursday. Unemployment is rising in major emerging economies, especially those reliant on commodity exports such as Russia, South Africa and Brazil, the...

  • BRUSSELS, Jan 12- A planned EU-Canada free trade deal received backing from a committee of the European Parliament and Germany's top court on Thursday, increasing its chances of entering force later this year. The European Union and Canada signed the Comprehensive Economic and Trade Agreement in October, but only after opposition from a region of Belgium and...

  • President of the United States, Barack Obama

    The Obama administration is expected to launch a complaint against Chinese aluminum subsidies with the World Trade Organization on Thursday, a person familiar with the matter said.

  • The complaint will likely add to rising trade tensions between the world's two largest economies as President-elect Donald Trump prepares to take office next week with pledges to reduce U.S. trade deficits with China as a top priority. China has rapidly expanded its aluminum production capacity in recent years and currently produces more than half the...