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IMF

A third of the world’s economy is predicted to fall into recession by 2023, as per IMF Chief

A third of the world’s economy is predicted to fall into recession by 2023, as per IMF Chief

A third of the world's economy is predicted to fall into recession by 2023, as per IMF Chief. This year will be more difficult for our global economic system than the one we left behind, according to the IMF's (IMF) director Kristalina Georgieva has warned. "Why? because the three major economies, US, EU, China are all slowing simultaneously," she said in an interview which was broadcast in the Sunday edition of CBS Sunday. "We expect one third of the world economy to be in recession," she added, noting that even for those countries that aren't currently in recession "It would…
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European markets kick off the New Year on a high note

European markets kick off the New Year on a high note

European markets kick off the New Year on a high note. European market prices started this New Year on a high note on Monday (2 January) after a turbulent 2022, which saw International Monetary Fund (IMF) chief Kristalina Georgieva warning that three-quarters of the global economy is in danger of recession by 2023. The Paris CAC 40 climbed over 1% as did the Frankfurt DAX increased by 0.7 percent. However, London, Wall Street and oil markets were shut to celebrate the holidays. The majority of Asian stock markets were closed. The ones that did open, Jakarta was flat while Seoul…
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The poorest nations are in risk due to the unattainable G-20 Debt relief initiative

The poorest nations are in risk due to the unattainable G-20 Debt relief initiative

London/Washington, October 23rd, 2008 - The inability to make significant progress in securing debt relief programs for the poorest nations of the world in the International Monetary Fund and World Bank annual meetings in Washington has made policymakers, campaigners, and investors dissatisfied. Two years ago, the Group of 20 launched the Common Framework - a mechanism that was designed to offer a quick and thorough debt overhaul to nations struggling to pay their debts following the COVID-19 crisis. It will go beyond debt repayment moratoriums. Nairobi A 23-year-old Robbery Suspect arrested with Homemade gun, car and Motorbike Ignition Keys. However,…
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