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23 Feb 17
South Africa has created a new top income tax bracket of 45%, its finance minister Pravin Gordhan announced as he delivered the country’s 2017 budget.
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22 Feb 17
A $1.6bn hole in Ghana’s budget has put the country’s public finances at substantial risk and is weighing on its credit rating, ratings agency Fitch said yesterday.
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22 Feb 17
Global trade growth slowed for the fifth year in a row last year, posting the weakest performance since the financial crisis, the World Bank has said.
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17 Feb 17
Growth in West Africa is at risk due to governments continually shelving plans to cut spending and raise taxes, the International Monetary Fund has warned.
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15 Feb 17
Weak growth in Germany, Italy and Greece in the final quarter of last year has dampened an optimistic outlook for the ever-sluggish eurozone.
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14 Feb 17
All 27 European Union economies are forecast to grow for three years in a row – marking the first time the European Commission has made such a prediction in almost a decade.
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10 Feb 17
African cities must become more global if they are to fulfil their growth potential, the World Bank has said.
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10 Feb 17
Australia’s plan to eliminate its deficit risks being overly ambitious and doing more harm than good in an economy stuck in a “new mediocre”, according to the International Monetary Fund.
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9 Feb 17
Somali MPs have elected a new president, marking a “historic milestone” for the war-torn country.
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6 Feb 17
The International Monetary Fund has warned that the Turkish economy will continue to struggle and called on its government to rein in its fiscal policy.
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3 Feb 17
Economic policy uncertainties could hamper an expected upturn in declining global investment, the United Nations has warned.
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31 Jan 17
The UK is to redouble its efforts to boost the trade and economies of poorer countries as it looks to capitalise on the potential freedom from European Union rules presented by Brexit.
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31 Jan 17
Morocco has rejoined the African Union after more than three decades out in the cold over a territorial dispute, it was announced yesterday.
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31 Jan 17
Uganda should avoid the “curse” of corruption and fraud that has plagued other African oil producers by ensuring transparency and accountability, the head of the International Monetary Fund has said...
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31 Jan 17
The eurozone economy grew by 0.5% in the final quarter of 2016, according to official figures, suggesting that Europe’s tentative recovery is continuing.
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31 Jan 17
Better governance is the key to unlocking progress in security, growth and equity, the World Bank has concluded.
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30 Jan 17
Japan’s consumer price inflation has fallen for the first time in four years, dealing another blow to government and central bank efforts to boost the deflating economy.
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26 Jan 17
The Philippines has reported some of the fastest growth in the world according to figures published today, shaking off the Trump effect and fears that the radical views of president Rodrigo Duterte...
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25 Jan 17
Over a third of people in the world’s poorest countries could remain in extreme poverty by 2030 if growth in those economies stays on its current trajectory, the United Nations has warned.
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25 Jan 17
Egypt has raised $4bn from its first public bond issuance since securing $12bn in aid from the International Monetary Fund, it was announced yesterday.
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24 Jan 17
The International Monetary Fund is expecting growth to rebound in Nepal this year and has added more than one percentage point to its prediction for the country in 2015/16.
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23 Jan 17
President Trump can learn from Britain as he aims to fulfil his promise of being “the greatest jobs producer that God ever created”, the Resolution Foundation think-tank argues today.
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20 Jan 17
China’s economy grew by 6.7% in 2016 according to official figures published today amid fresh concerns regarding the reliability of the country's economic indicators.
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19 Jan 17
The International Monetary Fund has slashed Saudi Arabia’s 2017 growth forecast by 1.6 percentage points this week, as OPEC-agreed cuts to oil production weigh on the country’s already struggling...
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16 Jan 17
Previous predictions of higher global growth over the next two years are likely to be realised, the International Monetary Fund has said.