World Economy Economic Organizations

  • 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...

  • 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...

  • WASHINGTON, July 8- The International Monetary Fund on Friday cut its euro zone growth outlook for the next two years over uncertainties sparked by Britain's vote to leave the European Union, and warned that the conditions could worsen if confusion continues to reign in financial markets. But IMF European Department Deputy Director Mahmood Pradhan said that...

  • WASHINGTON, July 7- International Monetary Fund Managing Director Christine Lagarde warned in an interview published on Thursday that anti-trade policies like those championed by Republican presidential candidate Donald Trump risked a protectionist movement that could severely damage global growth. Lagarde told the Financial Times that with...

  • BELGRADE- National Bank of Serbia announces interest rate decision- 1000 GMT. LISBON, Portugal- OECD Global Forum on Productivity: Structural Reforms for Productivity Growth. FRIDAY, JULY 8 LISBON, Portugal- OECD Secretary-General Angel Gurria and Portugal Finance Minister Mario Centeno to attend OECD Global Forum on Productivity: Structural Reforms for...

  • OSLO, July 5- Britain's vote to leave the European Union could hurt Norway's exports to Britain and hit the profitability of the Nordic country's banking, insurance and property sectors, the International Monetary Fund said on Tuesday. Britain is Norway's third-biggest destination for goods produced by its mainland economy, which excludes the volatile oil...

  • BRUSSELS, July 3- After the self-inflicted wound of voting to quit the European Union, Britain's best option to limit the mutual economic and political damage could be called the "Hotel California" model. Once the dust settles, Britain could "check out" of the EU by handing in its notice, but effectively stay half-way in the world's biggest trading bloc by joining the...

  • *OPEC sees tight market despite record output. *But weak China, South Korea data points to slowing Asia growth. Despite oil output from the Organization of the Petroleum Exporting Countries rising to a record 32.82 million barrels per day in June, OPEC expects demand for its supplies to be higher still.

  • *OPEC sees tight market despite record output. SINGAPORE, July 1- Oil prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market. A further easing of monetary policy expected on the back of Asia's slowing economies and because of Britain's vote...

  • WASHINGTON, June 30- Factory activity in the U.S. But a cloud looms over the economy following Britain's shock vote last week to leave the European Union. The so-called Brexit referendum unsettled markets and on Thursday, the International Monetary Fund said uncertainty over Britain's departure was the biggest risk to the global economy.

  • WASHINGTON, June 30- Uncertainty over Britain's looming departure from the European Union will dampen near-term economic growth for the UK and the rest of Europe and affect output globally, a spokesman for the International Monetary Fund said on Thursday. Last week, it slightly reduced its U.S. growth forecast, and an IMF official said on Wednesday that...

  • WASHINGTON, June 30- Uncertainty over Britain's looming departure from the European Union will dampen near-term economic growth for the UK and the rest of Europe and will also affect output globally, a spokesman for the International Monetary Fund said on Thursday. IMF chief spokesman Gerry Rice told a regular news briefing that market movements following...

  • IMF SPOKESMAN SAYS EFFECT OF BREXIT UNCERTAINTY TO BE INCLUDED IN NEXT UPDATE OF WORLD ECONOMIC OUTLOOK FORECASTS DUE JULY 19.

  • MINSK, June 30- Belarus can see economic growth exceeding 4.5 percent of gross domestic product if it speeds up reforms, the head of the mission of the International Monetary Fund to Belarus, Peter Dohlman, said on Thursday.

  • THURSDAY, JUNE 30 NEW DELHI- World Bank Group President Jim Yong Kim holds a press conference to share his thoughts on and highlights of his India visit, including on meetings with Prime Minister Narendra Modi and Finance Minister Arun Jaitley. SEOUL- South Korean Finance Minister Yoo Il-ho to speak on the latest developments of the Korean economy and ways to...

  • *Europe presses Britain to trigger exit to end uncertainty. *Merkel says Britain cannot cherry-pick on EU ties. LONDON/ BRUSSELS, June 28- European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.