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

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

The IMF warns the global economy in 2023 Worse than 2022

Christalina Georgiava, IMF Director, warns of global economy in 2023 will be worse than 2022 This is due to the fact that major economies such as the US, EU and China slow down simultaneously. The managing director of the International Monetary Fund (IMF) said on CBS’ Face the Nation report that “This year’s economy will … Read more

The country’s GDP will increase to 4.3 percent -IMF The country’s GDP will increase to 4.3 percent -IMF

Muscat: The IMF estimates that the country’s gross domestic product (GDP) will rise to 4.3 percent this year. The main reason behind the increase in GDP is the increased production of petroleum products and the discovery of non-oil sources of income. According to a statement released by the IMF, Oman’s GDP for 2020 was down. … Read more