MINSK, April 27- The World Bank said on Monday it saw Belarus's gross domestic product contracting 3.5 percent this year, sharply revising it down from an earlier forecast of 1.8 percent growth. Next year the contraction will continue, with GDP expected to decline 1 percent, Ruslan Penkevsky, the bank's senior economist for Belarus, said at a press conference.» Read More
OECD FORECASTS CHINESE GDP GROWTH OF 7.3 PCT IN 2014, 7.1 PCT IN 2015.
PARIS, Nov 6- The global economy is only gradually picking up momentum as stagnation in the euro zone and growing weakness in some big emerging economies weighs on the U.S.-led recovery, the OECD said on Thursday. With the euro zone a stubborn weak spot in the global economy, the OECD called on the European Central Bank to live up to a promise "to do what ever it takes" to...
PARIS, Nov 6- The OECD published on Thursday preliminary forecasts for major economies ahead of a summit of G20 leaders next week in Australia. The forecasts will be updated and completed when the OECD publishes its full Economic Outlook on Nov. 25. 2014 2015 2016 China 7.3 7.1 6.9 India 5.4 6.4 6.6 Indonesia 5.4 6.0 Mexico 3.9 4.2 Korea 3.8 4.1 World 3.3 3.7 3.9...
*Greece spells out post-bailout hopes. ATHENS, Nov 5- Greece expects an interim period of up to a year of limited EU/IMF supervision when it quits its bailout programme at the end of the year, without the current "micro-management" by lenders, the finance minister told Reuters on Wednesday. The comments by Gikas Hardouvelis in his office overlooking Syntagma...
*Region's biggest economy Kazakhstan needs reforms for growth. ALMATY, Nov 4- Economic growth in the Caucasus and Central Asia will weaken this year and next, hit by a slowdown in Russia, the International Monetary Fund said on Tuesday. IMF economists divide the region into hydrocarbon exporters Azerbaijan, Kazakhstan, Turkmenistan and Uzbekistan and oil and...
ALMATY, Nov 4- Economic growth in the Caucasus and Central Asia is set to weaken this year and next, hit by a slowdown in Russia, the region's key trading partner and source of remittances and investment, the International Monetary Fund said on Tuesday. IMF economists divide the region into hydrocarbon exporters Azerbaijan, Kazakhstan, Turkmenistan and...
NEW YORK, Oct 30- Oil prices fell about 1 percent on Thursday, resuming their downtrend after a two-day climb, as the dollar surged on bets of a sooner-than-expected U.S. interest rate hike and traders appeared resigned that producer group OPEC won't do much to cut output next month. "We're back to the mantra that the U.S. economy will lead the way to higher rates from...
The International Monetary Fund's member countries on Saturday said bold action was needed to bolster the global recovery.
Global economic activity should accelerate in 2015, Christine Lagarde said on Sunday, adding that the IMF did not expect a sharp slowdown in China.
Russia's annexation of Crimea underlines the need for the United States and the European Union to deepen their economic ties via an ambitious trade deal.
The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney.
European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget.
The Conference Board will no longer provide economic reports in advance to news organizations, reports CNBC's Eamon Javers.
Japanese PM Abe said on Tuesday G-8 leaders expressed strong support for his "Abenomics" economic policies and heard no concerns about Japan's super easy monetary easing.
Leaders of the International Monetary Fund said an uneven global economic recovery is emerging, and policymakers must take more steps to foster swifter growth and job creation.
Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.
The euro zone will slow its budgetary belt-tightening to help reinvigorate economic growth, a top EU official said on Thursday.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Japan's government is likely to nominate Asian Development Bank President Haruhiko Kuroda, an advocate of aggressive monetary easing.
A $2 trillion economy and a stock market that trades at valuations cheaper than Pakistan - Russia is struggling to gain the trust of international capital.