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Economic Organizations

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  • World Bank: Palestinian economy to shrink in 2014 Tuesday, 16 Sep 2014 | 4:29 AM ET

    RAMALLAH, West Bank— The Palestinian economy is expected to contract for the first time in seven years in 2014, the result of the recent Gaza war, continued Israeli and Egyptian restrictions on Palestinian trade and a drop in foreign aid, the World Bank said Tuesday.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • Eurozone economic growth forecast cut Monday, 15 Sep 2014 | 6:37 AM ET

    The Organization for Economic Cooperation and Development, a think tank dealing with the world's developed countries, cut its forecasts for the eurozone this year to 0.8 percent from 1.2 percent in its May assessment. Italy, one of the more troubled economies in Europe, was downgraded from 0.5 percent to minus 0.4 percent.

  • PARIS, Sept 15- The OECD slashed its growth forecasts for major developed economies on Monday, urging much more aggressive ECB stimulus to ward off the risk of deflation in a subdued euro zone.

  • WASHINGTON, Sept 12- The United States is planning to push Europe towards new and more aggressive efforts to boost demand and economic growth given a renewed risk of deflation in the euro zone, a senior Treasury official said on Friday.

  • IMF's Lagarde says women vital for global recovery Friday, 12 Sep 2014 | 12:46 AM ET

    TOKYO— Empowerment of women and equal opportunities are crucial for driving a stronger global economic recovery, and for revitalizing Japan, the head of the International Monetary Fund said Friday.

  • *Liberia, Sierra Leone GDP could fall sharply. WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by almost 3.5 percentage points as the world's worst outbreak of Ebola has crippled mining, agriculture and services sectors in the two West African states, the IMF said on Thursday.

  • UPDATE 1-IMF says Ebola hits economic growth in W. Africa Thursday, 11 Sep 2014 | 10:54 AM ET

    WASHINGTON, Sept 11- Economic growth in Liberia and Sierra Leone could decline by as much as 3.5 percentage points as the worst-ever outbreak of Ebola has crippled the key mining, agriculture and services sectors in the two West African countries, the IMF said on Thursday.

  • IMF says Ebola hitting economic growth in W. Africa Thursday, 11 Sep 2014 | 10:30 AM ET

    WASHINGTON, Sept 11- Growth in Liberia and Sierra Leone could decline by as much as 3.5 percentage points as the worst-ever outbreak of Ebola has crippled the key mining, agriculture and services sectors in the two West African countries, the IMF said on Thursday.

  • Despite economic fears, EU sanctions Russia again Thursday, 11 Sep 2014 | 7:08 AM ET

    BRUSSELS— The European Union on Thursday slapped more sanctions on Russia for helping separatists destabilize Ukraine, limiting Russia's access to its financial market, hitting the country's vital oil industry, curbing high-tech exports and targeting more officials with travel bans and asset freezes.

  • DIARY - Top economic Events to Sept 23 Wednesday, 10 Sep 2014 | 8:01 PM ET

    WELLINGTON- Reserve Bank of New Zealand announces Monetary Policy Statement and Official Cash Rate. Speakers:- Latvia Prime Minister Laimdota Straujuma, OECD Secretary-General Angel Gurria, Norway Defense Minister Eriksen Soreide, Georgia Foreign Minister Maia Panjikidze and Poland Defense Minister Tomasz Siemoniak.

  • UN assembly calls for action on national debt Wednesday, 10 Sep 2014 | 8:22 AM ET

    UNITED NATIONS— The U.N. General Assembly voted overwhelmingly Tuesday in favor of a resolution that calls for adoption of a new legal framework to restructure national debts and avoid the kind of speculative action that led Argentina to a second default. General Assembly resolutions reflect world opinion but they are not legally binding.

  • UN assembly calls for action on national debt Tuesday, 9 Sep 2014 | 11:27 PM ET

    UNITED NATIONS— The U.N. General Assembly voted overwhelmingly Tuesday in favor of a resolution that calls for adoption of a new legal framework to restructure national debts and avoid the kind of speculative action that led Argentina to a second default. General Assembly resolutions reflect world opinion but they are not legally binding.

  • PARIS, Sept 8- Growth momentum in most major economies is stable although Germany is showing signs of losing steam and Japan's prospects for economic expansion are souring, the OECD said on Monday.

  • *Germany could' go further' to help euro zone recovery. PARIS, Sept 8- International Monetary Fund head Christine Lagarde urged Germany to increase investments to help spur the euro zone's flagging economic recovery, adding that the bloc as a whole needed to make more structural reforms.

  • FRANKFURT, Sept 4- The European Central Bank cut interest rates to a fresh record low on Thursday and launched a new scheme to push money into the flagging euro zone economy, surprising markets and leaving open the option of more to come. The International Monetary Fund, which has pressed the ECB to do more to buoy the euro zone, welcomed the measures.

  • GENEVA, Sept 3- The European Union is becoming more competitive but Switzerland, Singapore and the United States are the three economies to beat, an annual survey by the World Economic Forum said on Wednesday. The United States muscled into third place ahead of Finland and Germany, while Japan leapfrogged Hong Kong and the Netherlands to take sixth spot.

  • IMF SAYS NAFTOGAZ WILL NEED 7.6 PCT OF GDP IN STATE FINANCIAL SUPPORT THIS YEAR, COMPARED TO 4 PCT THAT IMF INITIALLY EXPECTED.

  • ISLAMABAD, Sept 2- Anti-government protests that have gripped Islamabad since mid-August could throw off course economic reforms Pakistan promised to deliver in return for an IMF bailout, senior officials said, raising the risk of a sovereign rating downgrade.