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World Economy Economic Organizations

  • BEIJING, June 14- China needs to further tighten the flow of credit in its economy and funnel lending into economic activities that support real growth, International Monetary Fund deputy managing direct David Lipton told reporters in Beijing on Wednesday. The IMF on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "...

  • BEIJING, June 14- The International Monetary Fund on Wednesday raised its forecast for China's economic growth this year to 6.7 percent, citing "policy support, especially expansionary credit and public investment." The forecast was an increase from its already-raised April forecast of 6.6 percent. China's economy grew a faster-than-expected 6.9 percent in...

  • BRUSSELS, June 12- Euro zone finance ministers and the International Monetary Fund are likely to strike a compromise on Greece on Thursday, paving the way for new loans for Athens while leaving the contentious debt relief issue for later, officials said on Monday. IMF head Christine Lagarde suggested a plan last week under which the Fund would join the Greek...

  • BERLIN, June 12- The Organisation for Economic Co-operation and Development and the African Development Bank expect economic growth in Africa to pick up this year and next. Presenting their latest forecasts at the sidelines of a G20 Africa summit in Berlin, both organisations forecast gross domestic product to expand by 3.4 percent this year after 2.2...

  • DUBLIN/ LONDON, June 9- When British Prime Minister Theresa May called a snap election in April, then-French presidential candidate Emmanuel Macron was the one supposedly set to struggle to govern effectively with a parliamentary majority. European Union leaders fear May's dramatic electoral miscue will delay Brexit talks due to start this month and so...

  • WASHINGTON, June 8- The International Monetary Fund welcomed a decision by the European Central Bank on Thursday to keep interest rates unchanged, saying the bank's strategy had helped improve credit conditions and support a firm recovery of output.

  • **SERBIA- National Bank of Serbia interest rate decision. **NEW DELHI- Reserve Bank India Deputy Governor Viral Acharya and Chief Economic Adviser to the government of India Arvind Subramanian speaks at an Indian Council for Research on International Economic Relations two-day conference on G20 affairs in India. **BEIJING- California Governor Jerry Brown...

  • *Trade seen rebounding 4.6 pct on boost from Asia. PARIS, June 7- The global economy is on course this year for its fastest growth in six years as a rebound in trade helps offset a weaker outlook in the United States, the OECD forecast on Wednesday. The global economy is set to grow 3.5 percent this year before nudging up to 3.6 percent in 2018, the Paris- based...

  • PARIS, June 7- The following are the updated forecasts for growth in major economies from the the Organisation for Economic Cooperation and Development, published on Tuesday in its latest economic outlook. Figures in paratheses are, for comparison, forecasts from the OECD's interim economic outlook dating from March 7. 2016 2017 2018 World 3.0 3.5 3.6 United...

  • *Trade seen rebounding 4.6 pct on boost from Asia. PARIS, June 7- The global economy is on course this year for its fastest growth in six years as a rebound in trade helps offset a weaker outlook in the United States, the OECD forecast on Wednesday. The global economy is set to grow 3.5 percent this year before nudging up to 3.6 percent in 2018, the Paris- based...

  • WASHINGTON, June 6- The United States and Mexico are close to announcing a sugar trade deal that will avert steep U.S. duties on Mexican sugar imports and clear a major obstacle from renegotiation of the NAFTA trade agreement, Mexican Economy Minister Ildefonso Guajardo said on Tuesday. The deal, which was still coming together on Tuesday morning, will reduce the...

  • WASHINGTON, June 6- Mexican Economy Secretary Ildefonso Guajardo said on Tuesday that the North American Free Trade Agreement's rules of origin can be improved but denied that Mexico was a "back door" for Chinese goods to enter the United States. Speaking in a live interview on CNBC, Guajardo also said he believed there were grounds to believe that NAFTA can be...

  • BERLIN, June 5- International Monetary Fund Managing Director Christine Lagarde has offered Greece's European creditors a way out of their impasse over Athens' debts that would allow the euro zone to release a tranche of aid later this month. The IMF believes Greece needs a debt haircut, which Germany rejects. Greece has about 7 billion euros of debt maturing in...

  • MEXICO CITY, May 31- Mexico's Economy Minister Ildefonso Guajardo said on Wednesday there are "incentives" to wrap up the renegotiation of the North American Free Trade Agreement by the end of the year due to upcoming elections in the United States and Mexico. Mexico sends the vast majority of its exports north to the United States, and local officials view the...

  • OTTAWA, May 31- The Bank of Canada should keep interest rates low and Canada's federal government should be ready with more fiscal stimulus in the event of an economic downturn, the International Monetary Fund said on Wednesday in a report that reiterated warnings about Canada's hot housing market and high household debt. In an annual assessment of Canada's...

  • *Oil market flounders on oversupply worries despite OPEC deal. NEW YORK, May 30- World stock prices softened on Tuesday on concerns about the political outlook in Europe and U.S. economic growth, and nervous investors piled into yen and low-risk U.S. and German government bonds. "There have been some softness in U.S. economic data, and there are some less...

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • NEW DELHI, May 29- India's economy could achieve double-digit growth if New Delhi pushes reforms to increase women's participation in the country's workforce, a World Bank report said on Monday. Underscoring the gravity of the situation, the World Bank said nearly two-thirds of Indian women with college degrees are without jobs. The unemployment rate for...

  • *Japan, euro zone performing better than expected. LONDON, May 26- The dip in the U.S. economy is a "splutter" rather than a more serious downturn, the International Monetary Fund's chief economist said, though policy uncertainty in Washington was making forecasting increasingly difficult. In an interview with Reuters, Maurice Obstfeld, who is nearing his two-year...

  • BOGOTA, May 25- Colombia's economy has proved resilient despite the global fall in oil prices but should adopt OECD recommendations for reforms in everything from education to infrastructure, the OECD said in a report on Thursday. The Organization for Economic Co-operation and Development said solid macroeconomic policy and some tax reforms made Colombia "...