WASHINGTON, Aug 28- The worst ever outbreak of the Ebola disease is likely to lead to sharply lower growth in Guinea, Liberia and Sierra Leone and raise financing needs in all three West African countries, an IMF spokesman said on Thursday.» Read More
The Asian Development Bank lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region.
Greece has hired Deutsche Bank and Morgan Stanley to conduct a voluntary buy back of its debt, a senior finance ministry official told Reuters.
The OECD slashed its global growth forecasts on Tuesday, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy.
The state’s grip on the economy has been tightening. Could foreign pressure persuade the new leadership to reverse course?
World trade will grow by a mere 2.5 percent this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday.