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[l] at 2/3/23 3:00pm
China’s economy is set to rebound this year as mobility and activity pick up after the lifting of pandemic restrictions, providing a boost to the global economy. The economy will expand 5.2 percent this year, according to our latest projections, versus 3 percent last year. That’s good news for China and the world as the ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 2/3/23 4:00am
Global central banks need to make clear to financial markets the probable need for interest rates to remain higher for longer in order to bring inflation sustainably back down to target and avoid a rebound in price pressures, the International Monetary Fund said on Thursday. The warning comes amid a significant easing in financial conditions ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 2/2/23 11:00am
Latin America and the Caribbean will face rising poverty and food insecurity in 2023, and trust in government will remain low as long as corruption remains high and the wealthy do not pay their fair share in taxes, the International Monetary Fund said on Wednesday. Latin Americas slowing economic growth and high inflation could intensify ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 2/2/23 11:00am
The Organisation for Economic Cooperation and Development detailed on Thursday the final guidance for governments on how to bring the new global minimum corporate tax into their law books, taking the reform a step closer to roll out next year. In the deepest overhaul of cross-border tax rules in a generation, nearly 140 countries had ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 2/1/23 4:00am
International Monetary Fund economists said on Tuesday that Singapore and other Southeast Asian economies are seeing downgrades to their 2023 growth outlooks because slowing global growth will outweigh the positive impact from Chinas economic reopening. Chief economist Pierre-Olivier Gourinchas told a news briefing on the IMFs latest global growth forecasts these forces prompted the IMF ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 2/1/23 4:00am
The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to surprisingly resilient demand in the United States and Europe, an easing of energy costs and the reopening of Chinas economy after Beijing abandoned its strict COVID-19 restrictions. The IMF said global growth would still fall to 2.9% in 2023 from ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/31/23 3:00pm
Britain is the only Group of Seven nation to have suffered a cut to its 2023 economic growth outlook in International Monetary Fund forecasts published on Tuesday, adding to pressure on finance minister Jeremy Hunt to come up with a growth plan. Britains flagging economy now looks set to shrink by 0.6% this year, a ...

[Category: IMF/OECD News]

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[l] at 1/31/23 3:00pm
The global economy is poised to slow this year, before rebounding next year. Growth will remain weak by historical standards, as the fight against inflation and Russia’s war in Ukraine weigh on activity. Despite these headwinds, the outlook is less gloomy than in our October forecast, and could represent a turning point, with growth bottoming ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/31/23 11:00am
The International Monetary Fund on Monday raised its output growth estimate on emerging markets for this year, with projections now showing the economic slowdown in the region may have bottomed out in 2022, on the back of China reopening, a resilient India and unexpected growth in Russia. On its most recent update to the World ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/27/23 3:00pm
The shocks that have shaken the global economy in recent years have introduced a new normal for turbulence, driven in some cases by political fragmentation between countries. These episodes have also lifted uncertainty to exceptionally high levels, which in turn hurts economic growth as our research shows. To better track the evolution of these conditions, ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/26/23 3:00pm
The Bank of Japan could consider steps to allow bond yields to move more flexibly even before inflation durably hits its 2% target, the International Monetary Funds Japan mission chief Ranil Salgado told Reuters. Allowing long-term interest rates to move more flexibly would allow the BOJ to address both upside and downside risks to inflation, ...

[Category: IMF/OECD News]

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[l] at 1/25/23 3:00pm
Fabrizia Lapecorella has been appointed as a new Deputy Secretary-General of the Organisation for Economic Cooperation and Development. She will take up her duties on 3 April 2023. Fabrizia will bring to her post significant expertise, experience and international networks across the tax, financial and economic policy spheres. An Italian national, she is currently the ...

[Category: IMF/OECD News]

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[l] at 1/24/23 3:00pm
The International Monetary Fund has reached an understanding in principle with China about a debt restructuring strategy that could help resolve Zambias debt crisis, its chief said on Tuesday in Lusaka. Kristalina Georgieva made the comments on the final day of a three-day trip to Zambia which secured an IMF loan programme last August after ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/20/23 3:00pm
The global economic outlook is not as bad as feared a couple of months ago — “but less bad doesn’t quite yet mean good,” according to the managing director of the International Monetary Fund. “We have to be cautious,” Kristalina Georgieva told a closing panel at the World Economic Forum in Davos moderated by CNBC. ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/20/23 3:00pm
The OECD employment and labour force participation rates were stable at 69.4% and 73.2% in the third quarter of 2022, their highest levels since the start of the series in 2005 and 2008 respectively. About 40% of OECD countries were at record highs for both indicators. The number of persons employed, as employees or self-employed ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/20/23 3:00am
China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. We expect growth in China to come back, to rebound, Gopinath told Reuters in an interview at the World Economic ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/18/23 3:00pm
Revenue gains from the implementation of a historic agreement to reform the international tax system will be higher than previously expected, according to new OECD analysis released today. The two-pillar solution to address the tax challenges arising from the digitalisation and globalisation of the economy will lead to additional taxing rights for market jurisdictions and ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/18/23 3:00am
The International Monetary Fund’s Managing Director Kristalina Georgieva told CNBC Tuesday that the days of her institution giving regular global growth downgrades are nearly over. “I don’t see a downgrade now, but growth in 2023 will slow down,” Georgieva said at the World Economic Forum in Davos, Switzerland. “Our projection is that we will go ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/17/23 3:00am
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report. Tne IMF said even limited fragmentation could shave 0.2% ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/13/23 3:00pm
The International Monetary Fund is not likely to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that a feared oil price spike had failed to materialize and labor markets remained strong. IMF Managing Director Kristalina Georgieva said 2023 would be another tough year for the ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 1/13/23 11:00am
International Monetary Fund Managing Director Kristalina Georgieva said that there is mounting evidence that the United States can avoid recession this year and achieve a soft landing for its economy. Georgieva told reporters that U.S. labor markets remain resilient and consumer demand remains strong despite increases in interest rates to fight inflation. She said there ...

[Category: IMF/OECD News, Πρώτη σελιδα]

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