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IMF warns U.K. to have the highest inflation and slowest growth of all the G7 nations

According to the IMF, UK will have worst inflation and weakest growth of any G7 economy next year along with economic growth...

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World

IMF warns of risks to financial stability

Kristalina Georgievahas said that risks to financial stability have increased and called for greater vigilance over the global financial system

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UK

IMF forecasts U.K. economy to contract by 0.6% in 2023

The GDP of the U.K. will decrease by 0.6% in 2023, doing worse than that of other advanced economies, including Russia

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Ukraine

McDonald’s to re-open restaurants in Ukraine to restore a sense of normalcy

U.S. based burger chain, McDonald's has announced plans to reopen outlets in Ukraine, which it closed after Russia invaded the country in...

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UK

IMF warns U.K. growth to fall to 0.5% in 2023; world economic growth to fall to 3.2%

IMF has said that U.K. is set for the slowest growth among the G7 economies next year

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European Union

European Commission urges Member States to reduce gas usage by 15%

The European Commission also adopted a European Gas Demand Reduction Plan which sets out measures, principles and criteria for coordinated demand reduction

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Germany

German industrial output fell by 1.3% from the previous month to 6.8% below pre-pandemic levels

German industrial output continued to drop for the third month in a row, below pre-pandemic levels.

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Economy

IMF warns of increasing gap between advanced economies and emerging economies

The global economy will grow at 6% in 2021 and at 4.9% in 2022, making the gap between advanced economies and developing...

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France

French President announces ‘New Deal for Africa and by Africa’ to help drive Africa out of COVID-19

The Paris Summit on ‘Financing of African Economies’ had the objective to bring Africa out of the pandemic and to invent their...

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Uncategorized

G7 members agree to back IMF reserves to help poor nations

The Group of Seven (G7) members have agreed to support the first expansion of the International Monetary Fund’s (IMF’s) reserves since 2009...

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Pakistan

Pakistan sentences Hafiz Saeed to 11 years in jail

Hafiz Saeed, mastermind of 26/11 Mumbai terror attacks gets 11 years jail term

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Economy

China records lowest growth rate of 6.1% in past 29 years

China's slow GDP growth is a result of the trade war with the U.S., impacting production, export and imports

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Economy

India’s 2nd quarter GDP growth rate slips to 4.5%

Sep-quarter GDP growth of Indian Economy hits six year low at 4.5%

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Nation

Government reacts strongly after Moody’s Investor Service downgrades Indian outlook to ‘negative’

Indian Ministry of Finance has reacted strongly after U.S. based global rating agency Moody’s Investors Service downgraded India’s sovereign rating outlook from...