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WASHINGTON, United States (AFP) – by Douglas Gillison The IMF on Tuesday left its global economic forecasts unchanged into 2017 but called on governments to take action against the threats of low growth and protectionism. With Britain voting to secede from the European Union and US presidential candidates disfavoring open borders, the International Monetary Fund said populist politics imperiled free trade and economic growth. Global output is expected to grow this year by 3.1 percent […]
by Benjamin CARLSON BEIJING, China (AFP) — G20 leaders will meet in China this weekend in a climate of economic uncertainty and sluggish global growth –- but the absence of an urgent crisis means the forum will be short on breakthroughs, analysts say. Eight years after the first G20 summit in Washington, when countries coordinated a response to the financial meltdown, Beijing has set a modest agenda for the Hangzhou gathering — focusing on making […]
by Hiroshi Hiyama SENDAI, Japan (AFP) – Divisions over reigniting global growth were set to surface at the G7 in Japan Friday, with US Treasury Secretary Jacob Lew expected to stand firm over any action threatening a currency war. Two days of talks will see host Japan keen to win an endorsement for its position that fiscal stimulus is the way to kickstart the world economy, after a rally in the yen hit exporters and worsened a […]
The World Bank cut its global economic growth forecast for 2014 to 2.8 per cent from 3.2 per cent because of a harsh US winter and the impact of the Ukraine crisis.
