Saturday 28 February 2015
 
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Egypt's reforms starting to spur turnaround: IMF

The International Monetary Fund said on Wednesday that Egypt's structural and monetary reforms were starting to produce a turnaround in the economy, which has been hit by persistent turmoil since 2011. The uprising that topple

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Oil export losses to reach $300 billion in Middle East

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

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Oil markets dip on weak China GDP data

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.

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IMF cuts global growth outlook, calls for reforms

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. G

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Global economic outlook is glum despite cheaper oil

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

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Turkey warned of 'middle-income trap'

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. With po

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More efficient public investment a Mideast priority

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. Deve

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IMF to consider debt relief for Ebola-hit countries

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,

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Kuwait disputes IMF says economy grew last year

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

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Jordan rejects IMF-proposed new taxes

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

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