×

World Economy Economic Organizations

  • BEIJING— Top diplomats from China and the European Union pledged to work together on issues including Syria and North Korea and cooperate more closely to advance free trade, striking a contrast with American economic nationalism being promoted by President Donald Trump. The statements came as China and the EU held their first high-level talks since Trump...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. *WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • **WASHINGTON- World Bank President Jim Yong Kim and Canada Finance Minister Bill Morneau speak at World Bank- 2030 GMT. *WASHINGTON- World Bank President Jim Yong Kim is a panelist at the discussion "Creating Markets, Creating Opportunities" in Washington 1800 GMT. WASHINGTON- Governor of Bank of England Mark Carney speaks before an Institute of International...

  • WASHINGTON, April 19- Political and economic realities in the United States, Europe and China are all clouding the global fiscal outlook but countries should still press forward with nuanced tax and spending policies, the International Monetary Fund said on Wednesday. "The lack of specificity about the size and composition of the expected fiscal stimulus in...

  • NAIROBI, April 19- The International Monetary Fund has slashed its projection for Burundi's economic growth this year to nil and projected just 0.1 percent in 2018.. It gave no specific reason for the 2017 revision from 2 percent, but Burundi has been suffering from a severe drought like much of the wider region. But continuing instability has forced Burundi to...

  • WASHINGTON, April 18- The International Monetary Fund raised its 2017 global growth forecast on Tuesday due to manufacturing and trade gains in Europe, Japan and China, but warned that protectionist policies threaten to choke a broad-based recovery. The IMF, whose spring meetings with the World Bank get underway in Washington this week, forecast that the...

  • BEIJING, April 18- The International Monetary Fund on Tuesday raised forecasts for China's economic growth in 2017 and 2018, citing expectations of continued policy support, but warned of potential disruptions in the medium term unless the country reduces its reliance on rapid credit growth. The IMF upgraded its estimate for China's 2017 growth to 6.6...

  • WASHINGTON— A resilient China, rising commodity prices and sturdy financial markets are offering a sunnier outlook for the global economy and helping dispel the gloom that has lingered since the Great Recession ended. The IMF expects the U.S. economy to grow 2.3 percent, up from 1.6 percent in 2016; the 19- country eurozone to expand 1.7 percent, the same as last...

  • BEIJING, April 18- The International Monetary Fund on Tuesday raised forecasts for China's economic growth in 2017 and 2018, citing expectations of continued policy support, but warned of potential disruptions in the medium turn unless the country reduces its reliance on rapid credit growth. The IMF upgraded its estimate for China's 2017 growth to 6.6...

  • BERLIN, April 18- The International Monetary Fund will not take part in a bailout program for Greece if it deems the country's debt is unsustainable, the international lender's chief Christine Lagarde said in an interview published on Tuesday. Greece needs to implement reforms agreed by euro zone finance ministers earlier this month to secure a new loan under...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion in Washington- 1830 GMT. ANNANDALE- ON- HUDSON, New York- Esther George, president of Federal Reserve Bank of Kansas City, speaks before the Levy Economics Institute of Bard College's 26th Annual Minsky Conference 1300 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of April...

  • WASHINGTON- World Bank President Jim Yong Kim participates in a discussion in Washington- 1830 GMT. ANNANDALE- ON- HUDSON, New York- Esther George, president of Federal Reserve Bank of Kansas City, speaks before the Levy Economics Institute of Bard College's 26th Annual Minsky Conference 1300 GMT. SYDNEY- Reserve Bank of Australia will release the minutes of April...

  • *Japan's growth seen rising this year, slowing in 2018. The OECD raised Japan's 2017 economic growth forecast to 1.2 percent, from 1.0 percent in November, because of an expected pickup in consumer spending, exports and capital expenditure. However, the Paris- based think tank maintained its forecast growth will slow to 0.8 percent in 2018, highlighting the...

  • TOKYO, April 13- The Bank of Japan should maintain quantitative easing until inflation exceeds its price target but it must be alert to the risks posed to asset prices and the financial sector, the Organisation for Economic Co-operation and Development said. The OECD raised Japan's 2017 economic growth forecast slightly because of an expected pickup in...

  • SINGAPORE, April 13- The World Bank kept its 2017 economic growth forecast for developing East Asia and the Pacific unchanged, but added the region is vulnerable to any sharp slowdown in global trade or tightening in financial conditions. Latest GDP growth projections, percent:. China 6.7 6.5 6.3 Indonesia 5.0 5.2 5.3 Malaysia 4.2 4.3 4.5 Philippines 6.8 6.9 6.9...

  • SINGAPORE, April 13- The World Bank kept its 2017 economic growth forecast for developing East Asia and the Pacific unchanged, but added the region is vulnerable to any sharp slowdown in global trade or tightening in financial conditions. The Washington- based lender expects the developing East Asia and Pacific region, which includes China, to grow 6.2 percent...

  • BRUSSELS, April 12- International Monetary Fund chief Christine Lagarde said on Wednesday Greece was heading in the right direction on reforms, but talks on its bailout review and the IMF's potential role in it were "only halfway through." Last week, euro zone finance ministers agreed on the key elements of reforms that Greece needs to implement in exchange for a...

  • NAIROBI, April 12- The World Bank cut Kenya's economic growth forecast for this year by half a percentage point on Wednesday to 5.5 percent, citing drought, sluggish private sector credit growth and rising prices of oil. In its latest report on the Kenyan economy, the World Bank said growth would pick up after this year, driven by the expected normalisation of...

  • LONDON- British Finance Minister Philip Hammond and Bank of England Governor Mark Carney will speak at London FinTech conference 0930 GMT. BRUSSELS- Christine Lagarde Managing Director of the International Monetary Fund will speak about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings 0900 GMT.

  • LONDON- British Finance Minister Philip Hammond and Bank of England Governor Mark Carney will speak at London FinTech conference 0930 GMT. BRUSSELS- Christine Lagarde Managing Director of the International Monetary Fund will speak about the global outlook and policy priorities ahead of the upcoming 2017 IMF Spring Meetings 0900 GMT.