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[l] at 9/28/22 3:00pm
The International Monetary Fund (IMF) and ratings agency Moodys criticised Britains new economic strategy, as investors braced for more havoc in bond markets that has already forced the Bank of England to promise significant action. The statements overnight from the IMF and Moodys piled more pressure on new finance minister Kwasi Kwarteng to reassess his ...

[Category: IMF/OECD News]

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[l] at 9/28/22 3:00pm
The International Monetary Fund on Tuesday took aim at new British financial plans that have roiled markets, warning that large and untargeted fiscal packages would likely increase inequality in Britain and could undermine monetary policy. In its first comments on plans by Britains new finance minister Kwasi Kwarteng, which have sent sterling and bonds into ...

[Category: IMF/OECD News]

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[l] at 9/26/22 3:00pm
Global economic growth is slowing more than was forecast a few months ago in the wake of Russias invasion of Ukraine, as energy and inflation crises risk snowballing into recessions in major economies, the OECD said on Monday. While global growth this year was still expected at 3.0%, it is now projected to slow to ...

[Category: IMF/OECD News]

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[l] at 9/26/22 3:00pm
The global economy has lost momentum in the wake of Russia’s war of aggression in Ukraine, which is dragging down growth and putting additional upward pressure on inflation worldwide, according to the OECD’s latest Interim Economic Outlook. The Outlook projects global growth at a modest 3% this year before slowing further to just 2.2% in ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/23/22 3:00pm
Asked about the Bank of Japans intervention to boost the yen, the International Monetary Fund noted the currencys recent volatility and said it was monitoring the situation carefully. The yen has been very volatile in recent weeks, given monetary policy tightening in the U.S. and other countries. We are monitoring the situation carefully, Ranil Salgado, ...

[Category: IMF/OECD News]

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[l] at 9/23/22 7:00am
The International Monetary Funds board is expected to approve a new food shock window in the next two week that will allow the global lender to provide emergency funding to Ukraine, the head of the funds European department said on Thursday. Alfred Kammer told a conference hosted by Bloomberg that Ukrainian authorities deserved huge credit ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/21/22 3:00pm
Tax policy is playing a critical role as countries seek to promote economic recovery from the COVID-19 pandemic and respond to the impact of rapid increases in energy prices, according to a new OECD report. Tax Policy Reforms 2022 describes recent tax reforms across 71 countries and jurisdictions, including all OECD members and selected members ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/19/22 3:00pm
Korea’s economic recovery from COVID-19 is well anchored, driven by consumption, employment and export growth and with less direct exposure than some other economies to risks from Russia’s war of aggression in Ukraine, according to a new OECD report. The latest OECD Economic Survey of Korea says that following its skilful management of the pandemic, ...

[Category: IMF/OECD News]

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[l] at 9/19/22 3:00pm
The International Monetary Fund (IMF) has reached a staff-level agreement on Argentinas $44 billion extended fund facility arrangement, which should unlock nearly $4 billion in funds for the country, the lender said on Monday. The approval, which needs to be ratified by the IMF executive board, would unlock $3.9 billion for the embattled South American ...

[Category: IMF/OECD News]

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[l] at 9/16/22 3:00pm
The International Monetary Fund could provide about $1.4 billion in emergency aid to Ukraine almost immediately if its executive board approves a new food shock window that was discussed informally earlier this week, an IMF spokesperson said. IMF officials were meeting with their Ukrainian counterparts in Sarajevo this week and would launch an in-person mission ...

[Category: IMF/OECD News]

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[l] at 9/16/22 4:00am
Economic growth in developed economies remained weak in the second quarter of this year, as the war in Ukraine hampered output in many nations. The Organization for Economic Cooperation and Development (OECD) said the combined gross domestic product of its 38 members expanded by 0.3% in the second quarter over the first quarter, when it ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/15/22 3:00pm
Downside risks continue to dominate the global economic outlook and some countries are expected to slip into recession in 2023, but it is too early to say if there will be a widespread global recession, IMF spokesman Gerry Rice said on Thursday. Rice told reporters that high-frequency data pointed to a further loss of momentum ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/14/22 11:00am
Central bankers must be persistent in fighting broad-based inflation, International Monetary Fund chief Kristalina Georgieva said on Wednesday, conceding that many economists were wrong when they predicted last year that inflation would ease. Inflation is stubborn, it is more broad-based than we thought it would be, she said, And what it means is we ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/14/22 7:00am
OECD labour markets bounced back strongly from the COVID-19 pandemic, but the global employment outlook is now highly uncertain according to a new OECD report. Russia’s war of aggression against Ukraine has caused lower global growth and higher inflation, with negative impacts on business investment and private consumption. The OECD Employment Outlook 2022 says that ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/14/22 4:00am
13 Sep 2022 Gross domestic product (GDP) in the G20 area fell 0.4% quarter-on-quarter in the second quarter of 2022 after rising 0.5% in the first quarter, according to provisional estimates (Figure 1). The contraction in the G20 area contrasts with GDP growth of 0.4% in the OECD area1 in the second quarter of ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/13/22 3:00pm
The OECD Composite Leading Indicators (CLIs), designed to anticipate turning points in economic activity over the next six to nine months, continue to signal a slowdown in most major economies and in the OECD area as a whole. Among large OECD economies, the CLIs continue to anticipate a loss of growth momentum in Canada, the ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/13/22 3:00pm
International Monetary Fund chief Kristalina Georgieva said she spoke with Ukraines President Volodymyr Zelenskiy on Tuesday and they agreed to explore ways to ramp up the IMFs support for Ukraine using all available tools. Excellent call with President @ZelenskyyUa, Georgieva wrote on Twitter (NYSE:TWTR). She said they discussed how the global lender could continue to ...

[Category: IMF/OECD News]

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[l] at 9/12/22 3:00pm
Global inflation was generally moderating when the pandemic began, and the downward trend continued into the early months of the crisis. But surging prices since late 2020 have pushed inflation steadily higher. The average global cost of living has risen more in the 18 months since the start of 2021 than it did during the ...

[Category: IMF/OECD News]

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[l] at 9/12/22 11:00am
The International Monetary Fund is looking for ways to provide emergency funding to countries facing war-induced food price shocks and will discuss measures at an executive board meeting on Monday, sources familiar with the matter told Reuters. The plan, which has not previously been reported, will be presented at an informal board session. It would ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/11/22 11:00am
Raising minimum wages and building support for collective bargaining could help to rein in the erosion of pay in the face of the current inflation spiral, the OECD recommended on Friday. Since the inflation crises of the 1970s, most countries have largely stopped indexing wages to inflation and collective bargaining is less common in some ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 9/7/22 11:00am
Year-on-year inflation in the OECD as measured by the Consumer Price Index (CPI) decreased slightly to 10.2% in July 2022 (Figure 1), from 10.3% in June 2022. This development reflects the first decline in inflation since November 2020. While year-on-year inflation fell between June and July 2022 by at least 0.5 percentage points in Canada, ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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