International Monetary Fund Managing Director Kristalina Georgieva said Americans should “cheer up” about the U.S. economy, as inflation subsides further in 2024 amid a strong job market and moderating interest rates. Georgieva told CNN in an interview that aired on Tuesday that the U.S. economy is...
China’s economic growth rose to 1.3 percent in the third quarter (Q3) of 2023, compared to 0.5 percent in the previous quarter, the Organization for Economic Co-operation and Development (OECD) said on Thursday. According to the OECD’s provisional estimates, China, the United States and Mexico were...
https://www.hellenicshippingnews.com/chinas-q3-economic-growth-rises-to-1-3-pct-oecd/
With the share of the population aged 65 and over in the OECD projected to reach 27% by 2050, promoting the employment and employability of older workers will be key to both ensure the sustainability of pension systems and address labour market shortages. Pensions at a Glance 2023 shows that OECD...
Britain’s government should tighten its budgetary belt, the OECD said on Wednesday, advice that is unlikely to be welcomed by Prime Minister Rishi Sunak who is expected to cut taxes again before a 2024 election. A week after finance minister Jeremy Hunt announced tax sweeteners for workers and...
https://www.hellenicshippingnews.com/oecd-says-uk-needs-tougher-fiscal-policy-amid-tax-cut-talk/
G20 merchandise trade contracted in value terms in Q3 2023, compared to the previous quarter and measured in current US dollars (Figure 1 and 2). Following on a decrease recorded last quarter, exports and imports fell again by 1.2% and 2.1%, respectively, reflecting a continued slowdown most...
National climate policy action across the countries that produce nearly two thirds of total greenhouse gas emissions only increased by 1% in 2022, the lowest annual growth recorded since 2000, and reflecting a deceleration in ambitions to meet the Paris Agreement temperature goals amid growing...
Chances of an imminent hike in Australian interest rates grew on Wednesday after data showed house prices rebounding to near record highs and the International Monetary Fund recommended tightening monetary and fiscal policy screws to curb inflation. Markets responded by pricing in a near-70% chance...
International Monetary Fund Managing Director Kristalina Georgieva said on Wednesday global growth is already slow at 3% and will remain slow in coming years, while high interest rates will act as a further drag. “Inflation is still high and that requires interest rates to remain high, throwing...
The yen’s recent declines are driven by fundamentals and do not meet any of the considerations that would call for authorities to intervene in the currency market, a senior International Monetary Fund official said on Saturday. “On the yen, our sense is that the exchange rate is driven pretty much...
https://www.hellenicshippingnews.com/imf-sees-recent-yen-falls-as-reflecting-fundamentals/
International Monetary Fund members on Saturday pledged to complete a review of quota funding by Dec. 15, voicing support for an increase that at least maintains the IMF’s overall lending resources as bilateral borrowing arrangements expire. A statement issued by the Fund’s steering committee...