Search result for IMF
UAE Fiscal Standing Receives a Dramatic Boost on Higher Oil Prices
According to IMF, higher oil prices have caused a massive improvement in the economic outlook of the Gulf countries. The IMF released a report that shows that the UAE’s 2022 forecast has shifted from a 0.2% deficit to an 8.1% surplus.
This will cause the public debt to slash from ...
G7 LIKELY TO REALLOCATE $100 BN FROM IMF TO COVID AFFECTED COUNTRIES: US
Highlights
• The White House also said that the issue will be discussed when G7 leaders plan to help steer the global recovery from the COVID-19 pandemic
• A day before the summit started the UK PM Boris Johnson said that his country will be donating 100 million dose...
BOK SAYS FOREIGN RESERVES ROSE IN APRIL 2021
Highlights –
- BOK says foreign reserves rose in April 2021.
- The record high of foreign reserves was attributed to the U.S dollar’s weakness.
- As of end-April, the country’s foreign reserves came to the US $452.3 billion.
CHINA SAW RECORD GROWTH IN ECONOMY BY 18.3% IN Q1 OF 2021
Highlights –
- China saw record growth in economy by 18.3% in Q1 of 2021.
- China is reported to have shown V-shaped economic recovery.
- The IMF has projected the Chinese economy to grow 8.4 percent in 2021.
- In Q1 China’s ...
WORLD BANK PRESIDENT IS BETTING ON US, CHINA & INDIA FOR FASTER GLOBAL GROWTH
Highlights
• The World Bank President has said here is also the concern of inequality in terms of vaccinations and median income, that is not going upwards at very fast pace for some nations
• Malpass said that “There’s the good news that there is faster ...
IMF: AUSTRALIAN ECONOMY REBOUND BACK FROM CORONA VIRUS RECESSION
Highlights:
- The economy of Australia has predicted to rebound faster from the novel corona virus recession
- The IMF forecasts that, the economy is going to expand 4.5 precent in the year 2021
The economy of Australia has been predicte...
S. KOREA’S INDUSTRIAL OUTPUT INCREASED 2.1 PERCENT IN FEBRUARY
Highlights –
- S. Korea’s industrial output increased 2.1 percent in February.
- The index gauging industrial production came to 111.6 last month.
- Retail sales however fell 0.8 percent from a month earlier.
- The Bank of Ko...
IMF RAISES ITS 2021 GROWTH OUTLOOK FOR SOUTH KOREA BY 3.6 PERCENT
Highlights –
- IMF raises its 2021 growth outlook for South Korea by 3.6 percent.
- IMF is said to have taken into account the impact of the country’s latest $13 billion extra budget.
- Exports of chips and cars is said to have been k...
IMF SAYS BIDEN’S STIMULUS PROGRAM LIKELY TO BOOST US ECONOMIC GROWTH
Highlights
• Rice said “We see potentially significant positive spillovers in terms of global growth and most countries should benefit from strong US demand, so this will help global growth and recovery.”
• On the other hand, the IMF spokesman also cautio...
LIQUOR TO GET CHEAPER IN UTTAR PRADESH
HIGHLIGHTS
- The most-populated North Indian State can have cheaper rates for liquors soon.
- New rules allow an individual to store 1.5 liters of each country-made liquor and IMFL, along with four bottles of beer.
Very soon, the prices ...
US RESCUE PACKAGE WOULD INCREASE GROWTH IN US ECONOMY BY 2% POINTS NEXT YEAR: IMF OFFICIAL
Highlights
• A US rescue package on the order of previous $2.2 trillion CARES ACT would increase growth in the world’s biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecasted said Gita Gopinath
• As per the latest ...
STUDY: THE ECONOMIC RECOVERY FOR INDIA, BRAZIL, AND SOUTH AFRICA COULD BE TOUGH
Highlights
- These nations have a high number of corona virus cases
- The study observed several factors that support or weaken the recovery from a crisis
A new study attempts to identify the nations that could have a hard time for...
INDIAN ECONOMY WILL SEE A VERY SHARP RECOVERY IN Q3 AND Q4 OF THE CURRENT FISCAL: N.K. SINGH
Highlights
• On a whole this fiscal year will end up in the negative territory said N.K. Singh
• At the end of previous fiscal, India’s economic growth was standing at an estimated 4.3 percent
• Various global and domestic agencies had predicted ...
PM NARENDRA MODI INVITES THE WORLD TO INVEST IN INDIA
Addressing the inaugural event at the India Global Week 2020, the Prime Minister of India, Narendra Modi today invited the world to invest in India stating that the Indian economy is already showcasing signs of recovery. The event termed as one of the biggest international event’s on India&...
JAPAN TRADE MINISTRY WANTS TO REVAMP SUPPLY CHAINS
HIGHLIGHTS
- The operations of global supply chains have come to a halt due to coronavirus pandemic.
- The Japanese Ministry of Economy, Trade and Industry wants to revamp the supply chains.
The coronavirus pandemic has halted the operat...
FINANCE MINISTRY FORECAST INDIAN ECONOMY TO SHRINK BY 4.5 PERCENT IN FY21
Highlights
• The lockdown imposed by the government dented the economy and despite reopening policies it continues to suffer
• The Indian economy will jump immediately in the next fiscal said the macroeconomic report drafted by the finance ministry on the basis of In...
IMF FORECASTS CONTRACTION OF 4.5 IN THE INDIAN ECONOMY IN FY21
Highlights
• In the month of April, the IMF had predicted growth of 1.9 percent for the FY21
• The IMF stated that the prolonged lockdown and slow recovery will lead to contraction in the GDP
• The IMF also forecasted India’s growth revival will ...
CLASSICAL MUSIC GALA - TIMF CANCELED DUE TO COVID-19
Highlights –
- Annual classical music festival of South Korea effectively canceled
- TIMF canceled for the first time in its history of the foundation
- Cancellation due to safety concerns for participants and audience
So...
A DECREASE IN CHINESE TOURISTS WILL AFFECT JAPANESE ECONOMY IN THE LONG RUN
Highlights:
- Coronavirus outbreak has led to drastic reduction of tourist numbers to Japan
- Prolonged reduction will have significant impact on Japanese economy
Coronavirus has hit every major industry that contributes to a country&rsq...
India has to do more to ease its credit crunch
According to economists, India desperately needs to find alternatives to the country's credit crunch, which is hitting industries and crippling employment in Asia's third-largest economy.
"The situation needs to be addressed on a priority basis," says Mahesh Singhi, th...