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World Economy Economic Organizations

  • 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 "...

  • 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 "...

  • 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 "...

  • 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 "...

  • BEIJING, May 25- The International Monetary Fund said on Thursday it approved a three-year financial arrangement of about $434.3 million to support Mongolia's economic reform programme. The IMF said in a statement that Mongolia was hit hard by the sharp decline of commodity prices and the slowdown in key export markets, and the government is therefore...

  • Speaking to Reuters in an interview, Mario Centeno said he was confident about Portugal's improving economic outlook after years in the doldrums during the euro zone debt crisis, when the country was forced to seek a bailout. "The fact is that we are converging with the European Union, we are finally converging." Portugal has been one of Europe's slowest-growing...

  • ACCRA, May 24- Ghana's producer price inflation fell to 4.8 percent year-on-year in April from 6 percent the month before, as a stronger local currency cut import prices, the statistics office said on Wednesday. Producer inflation has come down from more than 48 percent in 2014, a sign of progress in stabilizing the economy under an International Monetary Fund...

  • MOSCOW, May 23- Russia's oil-dependent economy is expected to grow from 2017 onwards, supported by higher global crude prices and oil production rising to new post-Soviet highs, the World Bank said on Tuesday. It said its latest growth forecasts were based on the assumption that crude prices would average $55 a barrel this year, $60 in 2018 and $61.5 in 2019, and...

  • *OPEC- led oil production cut seen being extended to March 2018. SINGAPORE, May 23- Oil prices were firm on Tuesday on the expectation that an OPEC- led production cut would be extended to next March, but analysts said economic slowdown was clouding the mid-term outlook for crude markets. OPEC and other participating producers are due to meet in Vienna on May 25 to...

  • *Euro zone not ready to disburse new loans to Greece. BRUSSELS, May 22- Euro zone finance ministers failed to agree on debt relief for Greece with the International Monetary Fund on Monday and did not release new loans to Athens, but came close enough in talks to aim for both deals at their next meeting in three weeks. Greece needs new cash from the euro zone to avoid a...

  • MEXICO CITY, May 22- Mexico revised its official 2017 growth estimate upward on Monday, shortly after government data showed the economy was largely shrugging off fears U.S. The election of Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement and pursue U.S. policies that could hurt the...

  • MEXICO CITY, May 22- Mexico on Monday revised upward its official 2017 growth estimate, shortly after government data showed the economy was largely shrugging off fears U.S. The election of Donald Trump last year raised the specter of recession in Mexico as he threatened to shred the North American Free Trade Agreement and pursue U.S. policies that could hurt...

  • *Euro zone may agree to new loans for Greece after reforms passed. BRUSSELS, May 22- Euro zone finance ministers may agree on Monday to release new loans to Greece but are likely to struggle to convince the International Monetary Fund to join the bailout by keeping the prospect of debt relief for Athens highly conditional. Greece needs new cash from the euro zone to...

  • Without the deal, no new loans can be disbursed to Athens, even though the bailout is now handled only by euro zone governments, and Greece needs new credit to repay some 7.3 billion euros worth of maturing loans in July. Without the loans, Athens is likely to default- a bad start for a country that wants to return to market financing next year when its latest bailout,...

  • MOSCOW, May 19- The International Monetary Fund improved its forecast for Russia's economic growth this year to 1.4 percent, saying easier financial conditions and higher oil prices would help drive a recovery, a regular IMF report showed on Friday. The Fund, which in October forecast the economy would grow by 1.1 percent this year, said Russia was exiting a...