Economic Outlook

The prospect of a trade war is threatening the global growth outlook, which otherwise is on course for a 40-year low in unemployment, the Organisation for Economic Cooperation and Development (OECD) said on May 30.

The International Monetary Fund has undercut the official forecast for 2.5 percent growth this year, speaking of just 2 percent in its World Economic Outlook, curtailing the government's hopes for a swift recovery. It also slashed the official estimate for 2.5 percent in 2019 to just 1.8 percent.

The Organization for Economic Cooperation and Development (OECD) has revised up its estimate for Turkey’s eventual 2017 growth in its global economic outlook.

The Organization for Economic Cooperation and Development (OECD) has revised up its estimate for Turkey’s economic growth in its global economic outlook.

The Greek economy will grow by 2.6 percent next year, according to an International Monetary Fund report, exceeding the government's forecast for a 2.4 percent expansion.

The OECD has further doused hopes regarding Greek growth this year, forecasting an expansion of 1.1 percent, and stresses the need to implement reforms and for the national debt to be lightened.

WASHINGTON - The International Monetary Fund (IMF) on Tuesday confirmed a 3 pct growth forecast for Serbia for 2017, with 3.5 pct growth predicted for next year.

The IMF published its latest World Economic Outlook during the 2017 Spring Meetings with the World Bank Group.

Tanjug file photo, Z. Zestic

The International Monetary Fund will be "mistaken again" in its growth forecasts for Turkey, a top Turkish official has stated, after the IMF recently revised down its growth outlook for the country due to political uncertainty, security concerns and the loss in the lira's value. 

The medium-term outlook for global activity remains the reinforcement of growth, even if at a pace pace slower to the pre-crisis period, says a report released by the European Central Bank (ECB). The ECB’s financial bulletin projects that Eurozone inflation will rise above 1% at the turn of the year and will stand at 2013 levels, with global growth picking up speed.

The Organization for Economic Cooperation and Development (OECD) has slashed its 2016 growth forecast for Turkey to 2.9 percent in its latest outlook, down from 3.9 percent in its previous estimate.