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15 Dec 16
High public sector debt is a key risk to the performance of Malaysia’s economy, the International Monetary Fund warned as it welcomed plans to cut spending and hike certain taxes.
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15 Dec 16
Japanese lawmakers have lifted a longstanding ban on casinos, betting on the economic benefits of what is estimated to be a $40bn per year industry.
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15 Dec 16
An economic slowdown in India, partly triggered by the botched withdrawal of two high-denomination banknotes, is having wider regional effects and has prompted the Asian Development Bank to trim its...
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14 Dec 16
The International Monetary Fund has congratulated Spain on an “impressive” economic recovery.
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14 Dec 16
The world’s 48 poorest countries have fallen further behind the rest of the world due to the recent collapse in commodity prices, which has caused growth in this group to slump to its weakest level...
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13 Dec 16
Syria’s brutal five-year civil war could have cost the country as much as $38bn in lost growth, researchers from the UK have estimated.
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8 Dec 16
It has been an “exceptionally weak” year for sub-Saharan African growth, according to ratings agency Fitch, with an economic expansion of just 0.9% expected be registered in 2016.
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5 Dec 16
Italian prime minister Matteo Renzi has resigned after suffering a decisive defeat in a referendum to alter the country’s constitution, fiercely resisted by anti-establishment parties on the far...
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29 Nov 16
European governments need to pick up the slack in fiscal policy in order to support growth in the eurozone, European Central Bank president Mario Draghi has said.
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29 Nov 16
The United Nations is concerned the Asia-Pacific region’s main driver of growth could weaken further as countries within the region and beyond seek to turn away from free trade.
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29 Nov 16
Zimbabwe has launched its controversial new currency, pegged to the US dollar, in the hope of easing a crippling cash crisis.
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28 Nov 16
A shift toward protectionism would dash any hopes that the global economy can be broken out of its “low-growth trap”, the OECD has warned.
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22 Nov 16
The US Federal Reserve’s second in command has hinted that some of president-elect Donald Trump’s fiscal policies could help the bank and the US economy.
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22 Nov 16
Fifty mayors and local leaders have launched a plan of action to tackle the systemic inequality flourishing in cities globally.
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21 Nov 16
Nigeria’s economy has remained firmly in recession in the third quarter of the year, the country’s National Bureau of Statistics has announced.
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15 Nov 16
The Greek economy has clawed its way out of recession for the first time in two years, registering two consecutive quarters of growth.
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15 Nov 16
Eurozone economies are at risk from protectionism and heightened uncertainty stemming from the election of Republican candidate Donald Trump to the White House, the vice president of the European...
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14 Nov 16
Egypt’s economic reforms have successfully secured a $12bn loan from the International Monetary Fund.
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11 Nov 16
Argentina is once again able to report inflation data to the International Monetary Fund after regaining the institution’s trust on the quality of its official statistics.
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11 Nov 16
The instability triggered by the Arab Spring has cost countries in the region $613.8bn since 2011 and a fiscal shortfall $217.9bn greater than pre-crisis projections, the United Nations has found.
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10 Nov 16
Public finances across the EU are set to continue improving in the coming years, the European Commission has predicted, despite another cut to growth forecasts.
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9 Nov 16
The International Monetary Fund has approved $178.7m for Moldova and extended credit facilities to support the country’s economic and financial reform programme.
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9 Nov 16
The Republican candidate Donald Trump has won a surprise victory in this year’s US presidential race, pledging unity and increased government infrastructure spending in his victory speech.
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8 Nov 16
Spain’s new council of ministers will work for job creation reforms and budget stability, it has said after its first meeting.
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8 Nov 16
The World Bank has welcomed economic and social reforms in Egypt, which it said would help to create jobs and revitalise the country’s economy.