International Monetary Fund
Oil propels Saudi GDP growth
Saudi Arabia reported its fastest economic growth rate in a decade on May 1, as a booming oil sector fueled a 9.6 percent rise in the first quarter over the same period of 2021.
The preliminary results come after the world's biggest oil exporter resisted U.S. entreaties to raise output in an attempt to rein in prices that have spiked since the Ukraine war began.
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Eurostat: Inflation in Greece in April at 9.4%
Inflation in Greece jumped to 9.4% in April, according to Eurostat data. At the same time in the eurozone reached 7.5%.
According to official Eurostat data released today, the harmonized index of consumer prices continued its upward trend and climbed to 9.4% against a performance of -1.1% in the corresponding month of 2021.
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IMF warns Asia facing ‘stagflationary outlook’
Asian nations, like the rest of the world, are being battered by countervailing forces such as the war in Ukraine that are raising prices while holding back growth, the IMF has said.
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Losing Russian energy would weigh on Europe’s economy: IMF official
Europe can get by without Russian gas for six months, but beyond that, the economic impact would be severe, a senior IMF official told AFP.
Alfred Kammer, head of the IMF's European Department, urged countries in the region to take a series of steps to ease the blow, including reducing consumption to build up inventory.
Finance minister meets int’l investors
Treasury and Finance Minister Nureddin Nebati has underlined that the Turkish economy continues to draw interest from international investors during his visit to the U.S. capital.
He met with prominent portfolio investors in a meeting organized by banking giant JPMorgan on April 21.
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Day 58 of the Invasion of Ukraine: Moscow rejected the Easter Armistice, New Mass Graves near Mariupol
Moscow has rejected the Easter truce, reports of new mass graves near Mariupol. Here are the highlights of events in Ukraine over the past 24 hours:
IMF cuts global GDP growth forecast to 3.6 pct amid war
The International Monetary Fund on April 19 downgraded the outlook for the world economy this year and next, blaming Russia's war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants.
IMF downgrades Slovenia’s 2022 growth forecast to 3.7%
Washington – The International Monetary Fund (IMF) has downgraded its projections for global economic growth in its latest World Economic Outlook, including Slovenia’s. The country’s GDP is projected to increase by 3.7% this year and by 3% in 2023, a downgrade of 0.9 and 0.6 percentage points, respectively, from the October forecast.
Nebati to meet with counterparts in US
Treasury and Finance Minister Nureddin Nebati will meet with his counterparts, executives of international organizations and global companies on the sidelines of the IMF-World Bank meetings in Washington, D.C., this week.
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IMF chief: Ukraine war and inflation threaten global economy
The head of the International Monetary Fund warned on April 14 that Russia's war against Ukraine was weakening the economic prospects for most of the world's countries and called high inflation "a clear and present danger" to the global economy.