The Russian economy this year is forecasted better than the UK and Germany

(PLO)- In its World Economic Outlook released earlier this week, the International Monetary Fund (IMF) revised up its forecast for Russia’s economic growth. Specifically, Russia’s GDP growth is predicted by the IMF to increase by 0.3% this year and 2.1% in 2024, according to the news agency. RT. In October 2022, the IMF predicted that … Read more

Cut defense spending if the credit program is to be resumed; IMF to Pakistan

The International Monetary Fund (IMF) has asked Pakistan to cut defense spending to revive a stalled loan program. Important changes, including a reduction in defense pensions, have been proposed by IMF representatives currently in Pakistan. The annual pension cost of defense sector personnel is over Rs 400 billion. It was shown as civil expenditure in … Read more

The euro area avoids economic downturn | Finance

Euro symbol in front of the European Central Bank (ECB) headquarters in Frankfurt am Main, Germany. (Photo: AFP/VNA) Eurostat statistics agency of the European Union (EU) on January 31 published official figures showing that the economy of the euro area uses the common currency (European currency).Eurozone) avoided a downturn this winter, after recording 0.1% growth … Read more

India Inflation: Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down from … Read more

IMF raises forecast for global economic growth in 2023 to 2.9% | Economy

IMF logo in Washington, DC, USA. (Photo: AFP/VNA) The International Monetary Fund (IMF) on January 31 revised down its forecast for global economic growth in 2023 by slightly increasing its forecast for global economic growth due to a “surprising recovery” in demand in the US and Europe, costs reduced energy and economy China reopens following … Read more

Expecting slowdown in Indian economy to 6.1% in 2023 from 6.8% in 2022: IMF

The International Monetary Fund (IMF) on Tuesday said it is expecting some slowdown in the Indian economy next fiscal year and projected the growth to 6.1 percent from 6.8 percent during the current fiscal ending March 31. The IMF on Tuesday released the January update of its World Economic Outlook, according to which the global … Read more