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World Economy Economic Organizations

  • IMF SEES EGYPT INFLATION' SLIGHTLY ABOVE' 10 PCT BY END OF FISCAL YEAR 2017/ 2018, FALL TO SINGLE DIGITS BY 2019.

  • BRUSSELS, Sept 25- European Union states decided on Monday to close disciplinary procedures against Greece over its excessive deficit after improvements in Greece's fiscal position, confirming the country's recovery is on the right track. Greece had a 0.7 percent budget surplus in 2016, and is projected to maintain its fiscal position within EU rules'...

  • PARIS, Sept 22- French President Emmanuel Macron will announce his proposals for European Union reforms in a speech at the Paris-Sorbonne University on Tuesday, his office said on Friday. Macron has said he would make proposals on about 10 issues including strengthening the economic and monetary union, deepening European defence, reinforcing migration...

  • LONDON, Sept 22- Central banks are in danger of falling into a "debt trap" where they can't take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements official said on Friday. In a speech in London, Claudio Borio, the head of the monetary and economic department at the central bank umbrella group, said it may be...

  • LONDON, Sept 22- Central banks are in danger of falling into a "debt trap" where they can't take needed action for fear of triggering defaults and economic turmoil, a senior Bank for International Settlements official said on Friday. In a speech in London, Claudio Borio, the head of the monetary and economic department at the central bank umbrella group, said it may be...

  • TUNIS, Sept 20- Tunisia plans cut its budget deficit to 4.9 percent of gross domestic product in 2018, down from about 6 percent expected in 2017, as fiscal reforms take effect, the economic reforms' minister said on Wednesday. The North African country is under pressure from the International Monetary Fund and its partners to speed up reforms to create jobs and...

  • *Spain slow to take advantage of EU funds to tackle unemployment. But Spain took so long to jump on some of the help sent its way- namely a jobs scheme bankrolled by Europe- it risks not fully using a golden opportunity to help youngsters scarred by a deep recession, politicians, unions and jobseekers say. Yet a slow start to a European Union youth jobs and training...

  • JOHANNESBURG, Sept 19- The World Bank on Tuesday halved its 2017 growth forecast for South Africa after the economy fell into recession earlier this year. But the bank warned any prospect of recovery would "remain fragile" unless South Africa succeeds in becoming more productive. South Africa is well placed in exports markets but we don't see the country's...

  • MEXICO CITY, Sept 18- Mexico's economy minister said on Monday a successful retool of the North American Free Trade Agreement would hinge on two or three complex areas that he called "elephants in the room," just days before the next round of treaty talks in Canada. Speaking at an event in Mexico City, Ildefonso Guajardo said four chapters in the agreement could be...

  • WASHINGTON, Sept 18- Bank of England Governor Mark Carney said on Monday that Brexit is likely to hurt Britain's growth prospects in the short term and push up inflation as the country adjusts to life outside the European Union. "This makes Brexit, relative to the experience of the past half century, unique," Carney said in a speech at the International Monetary...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • LONDON, Sept 17- The conundrum of stubbornly low inflation despite a pick-up in global growth and continued monetary stimulus is a "trillion dollar" question, the umbrella body for the world's leading central banks said on Sunday. The Bank for International Settlements said in its latest quarterly report that cheap borrowing rates and the rare simultaneous...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • KIEV, Sept 15- The Ukrainian government on Friday approved a draft 2018 budget that foresees a deficit of 2.4 percent of gross domestic product, according to Prime Minister Volodymyr Groysman. The budget deficit is in line with the fiscal targets of Ukraine's $17.5 billion aid-for-reforms programme from the International Monetary Fund, but it still needs to...

  • PARIS, Sept 14- France should see this year its best growth rates since 2011, the OECD said on Thursday, revising up its outlook in its first in-depth look at the French economy since Emmanuel Macron became president. In order to reduce debt and afford labour tax cuts boosting long-term growth, France needed to tackle its chronically strained finances with...

  • BEIJING, Sept 12- The world economy is showing positive signs but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on Tuesday. Li, who met with the heads of global bodies, including International Monetary Fund Managing Director Christine Lagarde and World Bank...

  • BEIJING, Sept 12- The global economy is recovering, but could easily be derailed by policy uncertainty and the threat of protectionism, International Monetary Fund Managing Director Christine Lagarde said in Beijing on Thursday.

  • BEIJING, Sept 12- The world economy is showing positive signs, but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese Premier Li Keqiang said on Tuesday. Li, who was meeting with the heads of global organisations including International Monetary Fund Managing Director Christine Lagarde and...