Losses from lower oil exports should sap up to $300 billion from economies in the Middle East and Central Asia this year, as countries in the region adjust to falling crude prices, the International Monetary Fund
Oil markets dipped on Tuesday as China's economic growth for 2014 undershot a government target and hit its weakest annual expansion in 24 years, adding to worries in energy markets already suffering from slowing demand and oversupply.
The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.
A sharp drop in oil prices and a stronger US economy will probably not be enough to brighten the outlook for global economic growth this year, the head of the International Monetary Fund said.
IMF Managing Director Christine Lagar
Without deeper reforms to its savings rate and competitiveness, Turkey risks lower medium-term growth that would leave it stuck in a "middle-income trap," the International Monetary Fund (IMF) warned in a report.
Improving the efficiency of public infrastructure investment across many oil exporters in the Mena region and the Caucasus and Central Asia is now more important than ever, said a new International Monetary Fund (IMF) report.
The International Monetary Fund will discuss debt relief for Guinea, Liberia and Sierra Leone at the Group of 20 leaders meeting in Australia later this week as it considers further support for the countries most affected by the Ebola outbreak,
Kuwait's economy grew modestly last year, the government said on Wednesday, contradicting an earlier estimate by the International Monetary Fund that gross domestic product shrank because of lower oil output.
The widely differ
Jordan’s Finance Ministry has rejected proposals from the International Monetary Fund (IMF) to increase sales and other taxes, according to a report.
It has presented a package of alternative measures to increase revenues an
The GDP is projected to grow by around 4.5 per cent this year, supported by ongoing strength in non-oil growth, said an International Monetary Fund (IMF) report.
The economic recovery in the UAE continued at a solid pace led by co