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[l] at 5/20/22 3:00pm
ASIAN economies must be mindful of spillover risks as a decade of unconventional easing policies by major central banks is withdrawn faster than expected, International Monetary Fund (IMF) deputy managing director Kenji Okamura said. This risk applied particularly to the most vulnerable economies, said Okamura, without naming them. Asian economies faced a choice between supporting ... The post IMF urges Asia to be mindful of spillover risks from tightening first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 5/20/22 7:00am
International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that global finance leaders may need to become more comfortable with fighting multiple bouts of inflationary pressures. Georgieva told Reuters on the sidelines of a G7 finance ministers and central bank governors meeting in Germany that it is getting harder for central banks to bring ... The post IMF’s Georgieva says finance leaders need to anticipate multiple inflation shocks first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/20/22 3:00am
The impressive emergence of China’s economy is set to lose some momentum as the country catches up with more advanced economies and its rapid ageing also weighs on it. However, China can still reap the “reform dividend”, especially with measures to keep up the sustained growth of productivity. Reforms that enhance competition in product markets ... The post Reaping efficiency gains through product market reforms in China first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/19/22 3:00pm
International Monetary Fund Managing Director Kristalina Georgieva said on Thursday she was getting more optimistic that a G7 agreement to provide new budget funding to Ukraine can be reached and can help the country avoid hyperinflation. Georgieva said on the sidelines of a G7 finance ministers and central bank governors meeting that the main issue ... The post IMF chief optimistic G7 funds for Ukraine can stave off hyperinflation first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 5/13/22 3:00pm
The unemployment rate in the OECD fell further to 5.1% in March 2022, from 5.2% in February. This represents a continuation of a positive trend for the OECD and the 11th consecutive month of falling or stable unemployment, keeping it below the pre-pandemic rate of 5.3% recorded in February 2020 (Figure 1). Indeed, the unemployment ... The post Unemployment rate in the OECD falls further to 5.1% in March 2022 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/10/22 3:00pm
The OECD Composite leading indicators (CLIs) continue to point to growth losing momentum in Europe and to stable growth in the OECD area as a whole. In Europe, shaped by surging inflation and declining expectations in manufacturing, the CLIs continue to indicate growth losing momentum in the euro area as a whole, including in France, ... The post Leading indicators continue to point to growth losing momentum in Europe first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/5/22 3:00pm
In the OECD area, GDP per capita rose by 1.2% quarter-on-quarter in the fourth quarter of 2021, but real household income per capita fell by 0.3% (Figure 1). Real household income per capita has stagnated during the past six months and trailed growth in GDP per capita for the third consecutive quarter. While the trend ... The post Household income falls slightly in OECD area in Q4 2021, despite continuing GDP growth first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/4/22 3:00pm
Consumer prices in the OECD area rose by 8.8% year-on-year in March 2022, compared with 7.8% in February 2022, and just 2.4% in March 2021; it was their sharpest increasesince October 1988. Around one fifth of OECD countries recorded double-digit inflation, with the highest rate in Turkey at 61.1%. Energy price inflation in the OECD ... The post Inflation in the OECD area surges to 8.8% in March 2022 as energy prices continue to rise first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 5/1/22 3:00pm
The war in Ukraine will quicken inflation, which we now expect to remain elevated for longer than previously forecast on higher commodity costs and broader price pressures. As the Chart of the Week shows, our latest World Economic Outlook now projects faster consumer-price increases this year for advanced economies as well as in emerging market ... The post Inflation to be Elevated for Longer on War, Demand, Job Markets first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/29/22 3:00pm
Thank you, Dominique. I am very pleased to chair today’s important event, which is already becoming a semi-annual tradition. This dialogue, as you know, aims to further strengthen our partnership in capacity development to respond to countries’ immediate and long-term needs. We look forward to hearing from you as much as sharing with you our ... The post Navigating the Economic Obstacle Course while Addressing Long-Term Challenges: The Role of IMF Capacity Development first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 4/29/22 7:00am
The war in Ukraine will sharply reduce economic growth in the Central Asian region in 2022, although higher oil prices will lessen the impact for the Middle East and North Africa, the International Monetary Fund said. Both regions will still feel the effect of surging commodity prices, and higher wheat prices alone could increase the ... The post Ukraine war to curb Central Asian economy, oil cushions Middle East -IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/28/22 3:00pm
Debt restructuring talks between creditor countries should take three months, the head of the IMF’s Africa Department told Reuters, amid criticisms of the slow speed of negotiations and calls for China to show leadership in tackling debt issues. South Africa has offered to co-chair Zambia’s creditor committee, following China’s pledge to do so at IMF ... The post G20 debt relief talks should take three months, says IMF Africa head first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 4/27/22 11:00am
Despite progress made since the adoption of the 2030 Agenda for Sustainable Development and its 17 Goals (SDGs), OECD countries have met or are close to meeting only a quarter of the targets for which performance can be gauged, according to a new OECD report. Virtually all OECD countries are already securing basic economic needs ... The post OECD countries advancing slowly on sustainable development targets by 2030 first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/26/22 3:00pm
The Asian region faces a stagflationary outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty. While Asias trade and financial exposures to Russia and Ukraine are limited, the regions economies will be affected by the crisis ... The post IMF warns of ‘stagflationary’ risks in Asia, cuts growth outlook first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/26/22 7:00am
European governments should deal with the economic consequences of the war in Ukraine through fiscal policy, to allow monetary policy to normalise in the face of high inflation, the International Monetary Fund said. In its regional economic outlook for Europe, the IMF said a protracted war in Ukraine would increase the number of refugees fleeing ... The post Europe should use fiscal not monetary policy to deal with Ukraine war -IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/25/22 3:00pm
The International Monetary Fund has warned of more market sell-offs as central banks try to combat higher inflation and ease back on pandemic stimulus measures. Market players had started the year on an optimistic footing, predicting some economic momentum on the back of an easing of Covid-19 restrictions, which would likely provide a boost to ... The post IMF warns of further market sell-offs as central banks adjust policy first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News]

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[l] at 4/21/22 3:00pm
The OECD employment rate, which is the percentage share of the working-age population with jobs, including both employees and self-employed, rose to 68.7% in the fourth quarter of 2021, from 68.2% in the third quarter, only 0.2 percentage point below the rate recorded in the fourth quarter of 2019. The OECD labour force participation rate ... The post The employment rate in the OECD rises to 68.7% in Q4 2021, close to its pre-pandemic rate first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/21/22 11:00am
A prolonged slowdown in China would have substantial global spillovers, IMF Managing Director Kristalina Georgieva said, but added that Beijing has room to adjust policy to provide support. The International Monetary Fund on Tuesday cut its growth forecast for China this year to 4.4 per cent, well below Beijings target of around 5.5 per cent, ... The post IMF chief warns of risks from a prolonged China slowdown first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/21/22 7:00am
Rising Covid cases in China and the war in Ukraine pose headwinds for Asia’s growth, the International Monetary Fund told CNBC on Wednesday. “Asia is clearly facing headwinds, both from the war in Ukraine but also from the lingering effects of Covid now being much more pronounced in China than before,” said Anne-Marie Gulde-Wolf, the ... The post China’s spiking Covid cases, Ukraine war cloud growth in Asia, says IMF first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/21/22 7:00am
Governments must target fiscal support to vulnerable populations hit hardest by rising energy and food prices, and now facing growing food insecurity as a result of Russia’s war in Ukraine, the International Monetary Fund (IMF) said on Wednesday. Higher food and energy prices have heightened the risks of social unrest, especially in low-income countries already ... The post IMF says governments must protect the vulnerable ‘when things fall apart’, avert unrest first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

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[l] at 4/21/22 3:00am
International Monetary Fund Managing Director Kristalina Georgieva said that China should use fiscal space to stimulate consumption as it faces an economic slowdown prompted by renewed COVID-19 lockdowns. Georgieva said that China had ample fiscal and monetary policy space to counteract this, but it would be better to stimulate consumption. What we see in China ... The post IMF’s Georgieva says China should stimulate consumption as lockdowns mount first appeared on Hellenic Shipping News Worldwide.

[Category: IMF/OECD News, Πρώτη σελιδα]

As of 5/22/22 1:29pm. Last new 5/20/22 5:00pm.

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