International Monetary Fund
Brussels sees growth at 2.2%
The European Commission calculates Greece's growth at 2.2% in its spring forecasts for this year and 2.3% for 2025, undercutting the projection of the Greek government. Brussels' forecast was below the estimate of the recent Stability Program for 2.5% and 2.6% respectively.
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IMF Director Georgieva: AI's Tsunami Effect on Employment
According to Reuters, Kristalina Georgieva, Director of the International Monetary Fund (IMF), has warned that artificial intelligence (AI) will impact a significant portion of the global job market in the near future. Specifically, she stated that within the next two years, AI will affect 60% of jobs in developed economies and 40% of all positions worldwide.
Eurozone rebounds from recession as inflation steadies
The eurozone economy rebounded in the first quarter from a mild recession as Germany returned to growth and expansion accelerated elsewhere, while inflation steadied to reinforce the case for the European Central Bank to cut interest rates.
Bulgaria's Eurozone Aspirations: Fitch Ratings Affirms Positive Outlook
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook, signaling confidence in the country's economic trajectory.
Mali: Serbia has received 15.9 bln euros of FDI since 2020
BELGRADE - Serbia has attracted a total of 15.9 bln euros of FDI since 2020, Finance Minister Sinisa Mali said at a meeting with global investors from the US on Friday.
Following a Serbian delegation's visit to Washington for the IMF/World Bank Group Spring Meetings, the investors came to Serbia to get better acquainted with all economic parameters in the country.
Gov’t plans early repayment of eurozone bailout loans this year
The government plans an early repayment of up to €5 billion of bailout loans to eurozone countries this year, two government officials told Reuters on Tuesday.
The eurozone and the International Monetary Fund (IMF) lent Greece about €280 billion during the crisis on the condition that it impose tough austerity measures.
Foreign investors have no doubt about economic program: Şimşek
Foreign investors trust Türkiye and their worries about the economic program the government implements have disappeared, Finance Minister Mehmet Şimşek has said.
Greece has been ‘European economy’s pleasant surprise’
Greece was the pleasant surprise of the European economy that was often mentioned at the Spring Meetings of the International Monetary Fund (IMF) and World Bank Group (WBG), National Economy and Finance Minister Kostis Hatzidakis said on wrapping up his visit to Washington.
Dallara reviews the 2010s
The inexperience of the SYRIZA government (2015-2019) forced Greece to undergo another five tough years, noted Charles Dallara, the former Institute of International Finance head who in 2012 led negotiations on a major haircut on Greece's private-held debt, known as the private sector involvement (PSI).
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IMF supportive of Türkiye’s program, says official
The International Monetary Fund (IMF) is very much supportive of the reform program in place in Türkiye, says Alfred Kammer, director of the IMF European Department.
"That's also what we would be recommending to Türkiye, what the economic team there is carrying out," Kammer said at the press conference on the release of the European Economic Outlook in Washington on April 19.
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