Post Tagged with: "IMF"

Source: CNBC

IMF slashes growth forecasts in the Middle East again amid an ‘unusually high level of uncertainty’

CNBC


The International Monetary Fund revised its growth forecasts for the Middle East and North Africa downward again amid an “unusually high level of uncertainty,” according to its latest regional economic report.

It now expects MENA economies to contract 5.7%

Source: CNBC

Banks will struggle to generate profits even as the global economy recovers, IMF says

CNBC


WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.

In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced …

May 22, 2020 - 12:00 pm Closing Bell Story‎, Finance, International
Source: CNBC

Global oil demand to peak around 2040 or ‘much sooner,’ IMF says

CNBC


Global oil demand will peak around 2040 – or “much sooner” – the International Monetary Fund (IMF) said in a new report on the future of oil.

The IMF said that this could have a “significant” impact on oil-exporting

US Economy Slowed to 2.1% Growth Rate in Second Quarter

US Economy Slowed to 2.1% Growth Rate in Second Quarter

From AP News


The U.S. economy slowed sharply in the April-June quarter even as consumers stepped up their spending.

The gross domestic product, the economy’s total output of goods and services, grew at a 2.1% annual rate last quarter, down …

Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions

Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.

Iran’s Short-Lived Oil and Gas Boom

Although …

Economic Boost from Oil Not Expected While Interest Rates Remain Low

Economic Boost from Oil Not Expected While Interest Rates Remain Low

Low interest rates mitigating the benefits of low oil prices – IMF

When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and …

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

OPEC member Nigeria looking to fund power, transport and road infrastructure projects with cheap money

Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of …

China’s Currency Becomes IMF’s Fifth Reserve Currency

China’s Currency Becomes IMF’s Fifth Reserve Currency

Status Bump: China’s renminbi joins the dollar, euro, pound and yen as an IMF reserve currency

The International Monetary Fund (IMF) announced Monday that the international lender will include the Chinese renminbi, or yuan, in its basket of currencies that …

Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Brent Crude Hits 11-Week Low, Stock Markets Slip on Greece Debt Crisis

Greece’s payment due tomorrow, commodities and markets fall by roughly 2%

Greece is careening closer to default, and the world markets are taking cover.

Brent closed at $61.87 on June 29, 2015, reaching an 11-week low, while West Texas Intermediate …

June 29, 2015 - 6:25 pm Finance, International, Oil and Gas 360 Articles
Source: HRW.org

Euro Under Pressure as Greece Misses Deadline

Euro outflows look likely

Greece missed its self-imposed Sunday deadline for reaching an agreement with its lenders for aid, putting pressure on the Euro. The missed deadline led to renewed fears in the market that Greece might default on its …