International Monetary Fund

Despite the negative economic ramifications of the war in Ukraine, the Greek economy is expected to show a strong growth rate of 3.5% this year, according to the International Monetary Fund (IMF).

In 2023, as the Fund points out, the growth rate of the Greek economy is estimated to slow to 2.6%.

The IMF also foresees inflation of about 6.1% this year due to high energy prices.

Outside his butchery in the south of Iran's capital, Ali cuts up a sheep carcass for customers who, like him, have seen inflation and subsidy reform devour their purchasing power.

"My sales have fallen significantly -- almost by half," Ali, 50, told AFP.

"What can I say? I am a butcher and you may not believe me, but sometimes I don't eat meat for a week," he added.

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.

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.

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.

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.

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.

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:

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.

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.