[*] [+] [-] [x] [A+] [a-]  
[l] at 10/26/20 4:00pm

With the use of munition that has not been applied until recently, emerging market economies have so far succeeded in withstanding the financial impact of the COVID-19 pandemic. This has resulted in a debate at the International Monetary Fund (IMF) on whether to continue with the readily available financing policy for countries or to reapply ...

The post How will the IMF's lending policy evolve? first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/25/20 4:00pm

Greetings from Washington DC. It is my great pleasure to speak to you on behalf of the International Monetary Fund and to be with you-virtually, at least-in our dynamic host city of Shanghai. Even in these challenging times, this city stands as a symbol of technology and innovation, reminding us of our collective capacity to ...

The post Crisis and Opportunities: New Finance and New Economy in a New Situation first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/23/20 3:07pm

Next year’s rebound from a sharp, 8.1% contraction in Latin American and Caribbean economies in 2020 will be partial and uneven, with output not catching up for years and tourism-dependent countries seen struggling the most, the International Monetary Fund wrote in a report published on Thursday. Regional growth is forecast at just 3.6% next year ...

The post Latam, Caribbean economies to remain in COVID grip -IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/22/20 3:00pm

The International Monetary Fund (IMF) revised down its 2020 forecast for the Asian economy to a contraction of 2.2 percent, calling it “the worst outcome for this region in living memory.” The latest forecast is a downgrade compared with the projection of a 1.6-percent contraction in June. The IMF’s latest Regional Economic Outlook shows that ...

The post IMF revises down 2020 Asian economy forecast to 2.2-pct contraction first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/21/20 3:00pm

The pandemic is exacting a heavy toll on Europe. More than 240,000 people have lost their lives. Millions have suffered the illness themselves, the loss of loved ones, or major disruption in their work, their businesses, and their daily lives. The economic impact of the pandemic has been enormous. Our latest  Regional Economic Outlook for ...

The post Europe Needs to Maintain Strong Policy Support to Sustain the Recovery first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/21/20 3:00am

Social dialogue between employers, workers and government can play a central role in managing the impact of the COVID-19 crisis in the workplace and has great potential in ensuring that the livelihoods and opportunities of those hardest hit are protected, according to a new report. Social Dialogue, Skills and COVID-19, published jointly by the OECD, ...

The post Social dialogue crucial to tackling impact of COVID-19 says Global Deal report first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/20/20 3:00pm

Brazil expects to join the Organisation for Economic Cooperation and Development club of rich nations within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two-thirds of the preparatory work has already been completed. In a live online event hosted by the Milken Institute, Guedes also said the government was planning an ...

The post Brazil to join OECD in a year, plans 'digital bank' IPO: economy minister first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/20/20 11:00am

Major oil exporters will suffer the sharpest economic contractions this year out of nations in the Middle East and Central Asia region as they are hit by the double whammy of lower oil prices and reduced demand, the IMF said Oct. 19. Real GDP for oil exporters including Saudi Arabia and Iran will shrink 6.6% ...

The post Oil exporters to be hurt most in Middle East by coronavirus: IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/20/20 3:00am

It might take countries in the Middle East and Central Asia a decade to return to the economic growth seen before the coronavirus crisis, the International Monetary Fund said, as long-standing regional vulnerabilities weigh on their recovery. Lack of diversification among oil-exporting countries and the reliance of oil importers on sectors like tourism, as well ...

The post COVID-19 may inflict a decade of economic pain to Mideast, Central Asia, IMF says first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

[*] [-] [-] [x] [A+] [a-]  
[l] at 10/19/20 3:00pm

The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later. IMF Managing Director Kristalina Georgieva told an online event hosted by the G30 group of former policymakers and academics that ...

The post IMF chief says 'much more decisive' action needed to deal with debt problems first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/18/20 3:00pm

Strong international cooperation on COVID-19 vaccines could speed up the world economic recovery and add $9 trillion (6.9 trillion pounds) to global income by 2025, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday. Speaking at a news conference after a meeting of the IMF’s steering committee, Georgieva also called on the United States ...

The post Vaccine cooperation, recovery could boost global income trillion by 2025, IMF chief says first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/18/20 3:00pm

On Tuesday, October 13, the International Monetary Fund (IMF) revised its country 2020 and 2021 economic outlook. The multilateral lending institution projected that Chinese economy will grow 1.9% and 8.2% in 2020 and 2021 respectively. The numbers are not a surprise because of China’s successful containment of the COVID-19 pandemic and the government’s effective policies ...

The post IMF's latest assessment of China's economy is not surprising first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/16/20 3:00pm

The COVID-19 pandemic continues to spread with over 1 million lives tragically lost so far. Living with the novel coronavirus has been a challenge like no other, but the world is adapting. As a result of eased lockdowns and the rapid deployment of policy support at an unprecedented scale by central banks and governments around ...

The post A Long, Uneven and Uncertain Ascent first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/16/20 11:00am

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons were in employment in the second quarter of 2020, 34 million ...

The post OECD area employment rate falls by 4.0 percentage points, to 64.6% in second quarter of 2020 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/15/20 11:00am

The International Monetary Fund has predicted that China’s economy will expand by 1.9 percent this year, nearly double the rate forecast in June, and the country is expected to continue to lead the global economic recovery with robust production and a solid services sector rebound, economists said. China continues to be the only major economy ...

The post IMF: China's 2020 GDP likely to double June forecast first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/14/20 3:00pm

The United Kingdom faces major challenges from the COVID-19 crisis and leaving the EU Single Market. Ramping up investment in the digital economy, the service sector, green infrastructure and adult skills would strengthen the recovery and help to boost productivity and environmental sustainability for the long term, according to a new OECD report. The latest ...

The post UK: spending to address COVID-19 and Brexit should fit with productivity, social and environmental goals first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/14/20 11:00am

Massive government spending to battle the coronavirus pandemic will push public debt to a record of nearly 100% of global economic output this year, but the run-up may be a one-off event if growth rebounds next year, the International Monetary Fund said. The Fund said in its latest Fiscal Monitor that it expects government budget ...

The post IMF sees debt soaring but stabilizing at 100% of GDP--if pandemic eases, growth resumes first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/14/20 3:00am

The International Monetary Fund on Tuesday said forecasts for the global economy were “somewhat less dire” as wealthy countries and China rebounded more quickly than expected from coronavirus lockdowns but warned that the outlook was worsening for many emerging markets. The IMF forecast a 2020 global contraction of 4.4% in its latest World Economic Outlook, ...

The post IMF sees less severe global contraction but worsening outlook for many emerging markets first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/13/20 3:00pm

Policymakers’ unprecedented response to the global health crisis has contained risks to the financial system, but a prolonged recession or policy missteps could ignite growing vulnerabilities worldwide, the International Monetary Fund warned on Tuesday. The world’s largest multilateral lender said that some banking systems could experience capital shortfalls should the economic downturn in those regions ...

The post Financial system stable 'for now,' but vulnerabilities rising: IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 10/13/20 3:00am

The international community must do more to tackle the economic fallout of the COVID-19 crisis, the head of the International Monetary Fund said. Some of the key events of the IMF’s virtual and elongated annual meetings take place this week, with the most pressing issue how to support struggling countries. “We are going to continue ...

The post More synchronized action needed to tackle COVID crisis: IMF's Georgieva first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 10/12/20 3:00pm
Deputy German Finance Minister Joerg Kukies on Monday expressed optimism that global discussions aimed at setting up a new framework for international taxation would continue to make progress in coming months. Nearly 140 countries agreed on Friday to keep negotiating until mid-2021 on the first major rewriting of cross-border tax rules in a generation after ...

[Category: IMF/OECD News]

As of 10/28/20 10:15pm. Last new 10/25/20 7:00pm.

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