NEW YORK (Reuters) – China is likely to post real gross domestic growth (GDP) of 4.5% next year, largely due to the country’s gradual exit from its zero-COVID policy that could lead to a r[...]
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Articles
Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) -The International Monetary Fund (IMF) concluded that Mexico still meets the eligibility criteria for a flexible credit line, the country’s central bank said on Thursday. M[...]
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Brazil’s government cuts 2023 GDP growth forecast as global economy weakens
BRASILIA (Reuters) – Brazil’s Economy Ministry on Thursday cut its 2023 GDP growth forecast to 2.1%, from the 2.5% anticipated in September, due to a deterioration in the global economic o[...]
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Pakistan, IMF plan to move fast on bailout programme
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the ninth review of Pakistan’s bailou[...]
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UK taxpayers on hook for 133 billion-pound bill to cover BoE losses
LONDON (Reuters) – Britain’s government could end up paying 133 billion pounds ($157 billion) to the Bank of England over six years to finance its quantitative easing (QE) programme, offic[...]
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Fed’s Jefferson says low inflation key to U.S. prosperity
(Reuters) – High inflation hurts low-income households hardest, and bringing it down is the best way for the Federal Reserve to help bring prosperity to Americans broadly and narrow the economic[...]
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Fed’s Bullard: Even ‘dovish’ policy assumptions require more rate hikes
By Howard Schneider WASHINGTON (Reuters) -Even under a “generous” analysis of monetary policy, the Federal Reserve needs to keep raising interest rates given that its tightening so far[...]
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Jeremy Hunt hikes taxes, squeezes spending to restore markets’ faith in UK
(Corrects estimate and year for inflation in second paragraph) By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) – British finance minister Jeremy Hunt announced a string of t[...]
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IMF grants Malawi waiver after it overstated its reserves
BLANTYRE (Reuters) – The International Monetary Fund’s executive board has granted Malawi a waiver after it misreported its international reserves, the IMF said on Thursday, helping clear[...]
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Britain softens business rates blow with 13.6 billion stg support package
By James Davey LONDON (Reuters) -Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure companies facing higher business rate bills next year, to help t[...]
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