World Economy Economic Organizations

  • IMF SAYS JAPAN 2016 GROWTH FORECAST CUT TO 0.3 PCT FROM 0.5 PCT PREVIOUSLY; IMPROVES 2017 OUTLOOK TO 0.1 PCT GROWTH FROM 0.1 PCT CONTRACTION.

  • IMF SAYS WOULD HAVE REVISED 2017 GLOBAL GROWTH FORECAST SLIGHTLY UPWARD IF NOT FOR BREXIT IMPACT, DUE TO IMPROVEMENTS EXPECTED IN EURO ZONE, JAPAN.

  • IMF CUTS GLOBAL GROWTH FORECASTS TO 3.1 PCT FOR 2016, 3.4 PCT FOR 2017, DOWN 0.1 PERCENTAGE POINT FROM APRIL FORECASTS FOR EACH YEAR.

  • TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT. ANKARA- Turkey central bank monetary policy meeting- 1100 GMT. PRETORIA- South African Reserve Bank starts its three-day monetary policy committee meeting.

  • WASHINGTON/ NEW YORK, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde, speaking at the...

  • ACCRA, July 18- Ghana has cut its 2016 economic growth forecast sharply to 4.1 percent from 5.4 percent due to lower export prices and irregular oil production, Finance Minister Seth Terkper told Reuters on Monday. Ghana, which also produces cocoa and gold, is following an International Monetary Fund program to restore fiscal balance and spur growth, which...

  • WASHINGTON, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde said in prepared remarks...

  • WASHINGTON, July 18- The loss of correspondent banking relationships in developing countries as major banks try to limit risk exposures could marginalize small economies and cause "systemic" disruptions to their financial systems, the head of the International Monetary Fund said on Monday. IMF Managing Director Christine Lagarde said in prepared remarks...

  • FRIDAY, JULY 15 ANKARA- Launch of OECD Economic Survey of Turkey. PHNOM PENH- International Monetary Fund representative in Cambodia holds press conference about economy- 0600 GMT. TUESDAY, JULY 19 LONDON- International Monetary Fund publishes update to World Economic Outlook, including new UK growth forecasts- 1300 GMT.

  • LONDON, July 14- Finance ministers and central bank governors of the G20 group of countries will focus on using all tools at their disposal to promote economic growth when they meet in China next week, U.S. Treasury spokesperson said in an emailed statement after Lew met Britain's newly appointed finance minister Philip Hammond in the British capital.

  • BEIJING, July 13- China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets. "The uncertainty of Brexit is likely to weigh on demand for China's exports to the EU, similar to the situation when the European bebt crisis in...

  • WASHINGTON, July 12- Britain's vote in a referendum to leave the European Union has caused uncertainty and increased risks to the U.S. economy but thus far it looks likely to have a pretty "negligible" impact on U.S. growth, the International Monetary Fund said on Tuesday. The IMF said in its formal annual review of the U.S. economy and policies that the June 23 "Brexit"...

  • LONDON, July 12- OPEC on Tuesday gave an upbeat outlook for the oil market in 2017, saying global demand for its crude would be higher than its current production and pointing to a supply deficit rather than a sizeable surplus that has weighed on prices. However, the Organization of the Petroleum Exporting Countries in a monthly report also cut its forecast for...

  • PARIS, July 12- France's public deficit targets are at risk in the coming years because the government may fail to rein in spending fast enough, the IMF warned on Tuesday as it trimmed its 2017 growth outlook due to Brexit concerns. In an annual in-depth review on the French economy, the International Monetary Fund stuck with a preliminary forecast for growth this...

  • LONDON, July 12- OPEC on Tuesday was upbeat on the oil market outlook for 2017, saying global demand for its crude would be higher than its current production and excess oil inventories would be whittled down. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report. World oil demand will rise by 1.15 million barrels per...

  • LONDON, July 12- OPEC cut its forecast for world economic growth this year on Tuesday, citing increased uncertainty following Britain's vote to leave the EU and said the pace of oil demand growth would slow slightly next year in its first 2017 forecast. "After the UK's referendum to leave the EU, economic uncertainty has increased," OPEC said in the report.

  • IMF SAYS ITALY'S WEAK GROWTH COULD HURT EUROPEAN, WORLD ECONOMY.

  • IMF CUTS ITALY GDP FORECAST TO "JUST UNDER 1 PCT" IN 2016, AROUND 1 PCT IN 2017.

  • ROME, July 12- Italy's economy will grow by less than one percent this year and only marginally faster in 2017, the International Monetary Fund said on Tuesday, cutting its previous forecasts as a result of Britain's decision to leave the European Union. The outcome of last month's referendum in Britain has heightened volatility on financial markets and...

  • SHANGHAI, July 9- The global economic situation is grim and major economies must lead the way in tackling problems including sluggish growth and weak trade, China's trade minister Gao Hucheng said on Saturday. Gao made the remarks at the start of a two-day meeting of trade ministers from G20 economies in Shanghai, as uncertainty hangs over the outlook for a...