The International Monetary Fund (IMF) is ringing a “bell” for international economies, because of the “hidden” debt that is accumulating, now posing a risk to their viability. In general, the IMF has repeatedly emphasized the need to address record global public debt. However, in his latest report he points to another factor, saying, “hidden debt … Read more
The IMF report is about space 2013- 2021. In 2013, the percentage of the underground economy in Greece it represented the 30% of official GDP of the country, while in 2021 this percentage reportedly decreased rapidly, to 16%. In 2021, the Greek GDP amounted to 181.34 billion eurosthe article recalls. The authors of the study, … Read more
Based on the data provided by the International Organization, the burden of accuracy depends on the composition of the household of all those who are characterized as economically vulnerable. In general, the poorest households in the bottom three income deciles experience inflation 1.5% higher on average than middle and high income earners. This is because … Read more
2023-12-19 02:19:50 India’s robust economic growth, propelled by key reforms in digitisation and infrastructure, positions it as a leading global contributor, accounting for over 16 per cent of the world’s growth, according to the International Monetary Fund (IMF). In an interview with PTI, Nada Choueiri, the Mission of India at IMF, highlighted India’s exceptional performance … Read more
2023-12-13 10:55:13 Argentina! The lords of the football world. Home of football legend Lionel Messi. The birthplace of Cuban revolutionary Che Guevara. Argentina, the third largest economic power in Latin America, has many such mountains. But Argentina is going through a severe economic crisis. Essentials are expensive. Inflation is 140 percent (remember it is 5.55 … Read more
2023-11-20 11:03:16 On Sunday, social media was abuzz with reports suggesting that India had become a $4 trillion economy. But the country still has some time to before it crosses this milestone. Overall growth in nominal GDP will be 10.5% in FY24, as per Budget estimates, pushing India to a $3.7 trillion figure. India’s GDP … Read more
2023-11-18 03:23:01 Washington: The IMF indicated that Israel’s occupation of Gaza will have serious economic consequences. The agency is giving an indication that the crisis will worsen in Palestine and Israel in addition to their neighboring countries. Kristalina Georgieva, Director of the IMF, said that in the new situation, increasing aid to Egypt is being … Read more
2023-10-15 05:48:00 original title: IMF chief representative in China: China remains the largest engine of global economic growth China News Service, October 14 (China News Gong Hongyu) “This year and next, the world economy is expected to grow by 3% and 2.9% respectively. China is still the largest engine of global economic growth, contributing one-third … Read more