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How inflation and tangled supply lines are gripping US economy How inflation and tangled supply lines are gripping US economy
Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Kentucky. Now, they’re about to throw in the ...
Economy 11 February ,2022
Bahrain central bank governor expects real GDP to grow 3.1 pct in 2021 Bahrain central bank governor expects real GDP to grow 3.1 pct in 2021
Bahrain’s central bank governor, Rasheed Mohammed al-Maraj, said in an interview published on Sunday he expects real gross domestic product to grow 3.1 percent in 2021.The governor told local ...
Economy 21 November ,2021
IMF sees global GDP in 2021 slightly below prior forecast of 6 percent IMF sees global GDP in 2021 slightly below prior forecast of 6 percent
The International Monetary Fund expects global economic growth in 2021 to fall slightly below its July forecast of 6 percent, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated ...
Economy 05 October ,2021
WTO says goods trade surging above pre-pandemic peak WTO says goods trade surging above pre-pandemic peak
A resurgence of global economic activity has lifted merchandise trade above its pre-pandemic peak, the World Trade Organization said Monday as it upgraded its 2021 and 2022 trade forecasts.“The WTO is ...
Economy 04 October ,2021
UAE to pursue aggressive timeline on trade talks with eight countries: Trade minister UAE to pursue aggressive timeline on trade talks with eight countries: Trade minister
The United Arab Emirates will pursue an aggressive timetable to negotiate broad economic agreements with eight countries it wants to deepen trade ties with, hoping it can wrap up some of those talks ...
Economy 14 September ,2021
Greece forecasts fastest GDP growth in two decades, plans additional tax cuts Greece forecasts fastest GDP growth in two decades, plans additional tax cuts
The Greek government raised its growth estimate for 2021, with the country set to repeat the economic performance not seen in about two decades.The revised forecast came after a stronger-than-expected ...
Economy 12 September ,2021
Algeria posts GDP growth of 2.3 percent in the first quarter Algeria posts GDP growth of 2.3 percent in the first quarter
Algeria's gross domestic product (GDP) grew 2.3 percent in the first quarter of this year helped by a better performance from the energy sector, official data showed on Saturday, after a 3.9 percent ...
Economy 22 August ,2021
Algeria's president orders government to sell stakes in state banks, firms Algeria's president orders government to sell stakes in state banks, firms
Algerian President Abdelmadjid Tebboune on Sunday ordered his government to sell stakes in state companies and banks, the presidency said, part of long-awaited economic reforms in the oil-producing ...
Banking & Finance 09 August ,2021
China makes alternative proposal for COVID-19 origin probe spanning many countries China makes alternative proposal for COVID-19 origin probe spanning many countries
China says it has put forward alternative parameters for a second probe into the origins of Covid-19 that should span multiple countries, Beijing’s latest move to counter a push by the US for a deeper ...
Coronavirus 29 July ,2021
Britain’s inflation rate nears three-year peak as economy reopens Britain’s inflation rate nears three-year peak as economy reopens
Britain’s annual inflation rate has soared close to a three-year peak as consumer prices accelerated on easing virus curbs, official data showed Wednesday.The Consumer Prices Index hit 2.5 percent in ...
Economy 14 July ,2021
Turkey’s inflation hits two-year high, jumping to 17.5 percent Turkey’s inflation hits two-year high, jumping to 17.5 percent
Turkish annual inflation jumped to a two-year high of 17.53 percent in June, exceeding a forecast of 17 percent and continuing an extended rise after a brief dip, potentially delaying any interest ...
Economy 05 July ,2021
Bahrain’s economy expected to grow by 3.1 percent in 2021, 2022 Bahrain’s economy expected to grow by 3.1 percent in 2021, 2022
Bahrain’s economy is expected to grow 3.1 percent this year and next, recovering from last year’s downturn.Gross domestic product contracted 2.1 percent during the first quarter, according to the ...
Economy 04 July ,2021
Sudan crosses last hurdle towards debt relief, reaches IMF HIPC point: Official Sudan crosses last hurdle towards debt relief, reaches IMF HIPC point: Official
The International Monetary Fund's executive board has decided that Sudan has reached the decision point for the Highly Indebted Poor Countries (HIPC) initiative, a Sudanese finance ministry official ...
Economy 29 June ,2021
UAE budget balance improves as economy rebounds from COVID-19 pandemic UAE budget balance improves as economy rebounds from COVID-19 pandemic
The United Arab Emirates budget balance improved in the first half of the year as the economy began recovering from the COVID-19 pandemic, the state news agency WAM reported, citing a ministerial ...
Economy 27 June ,2021
Indian states need greater financial aid from federal government: S&P report Indian states need greater financial aid from federal government: S&P report
Indian states’ weaknesses outweigh their strengths as they battle the pandemic and they need financial support from the federal government, which is already dealing with drastically reduced revenue, ...
Economy 26 June ,2021
IMF says board discussed $650 bln expansion of reserves IMF says board discussed $650 bln expansion of reserves
The International Monetary Fund’s executive board on Friday discussed a proposed $650 billion expansion of its emergency reserves, marking the next step in a process expected to be completed in August ...
Business 26 June ,2021
IMF board approves final Egypt $1.7 billion loan disbursal IMF board approves final Egypt $1.7 billion loan disbursal
The IMF executive board on Wednesday said it had approved Egypt’s request for a $1.7 billion loan, its final disbursement under a plan aiding its recovery from the COVID-19 crisis.“The Egyptian ...
Economy 24 June ,2021
IMF secures sufficient pledges to provide comprehensive debt relief to Sudan IMF secures sufficient pledges to provide comprehensive debt relief to Sudan
The International Monetary Fund (IMF) said on Tuesday it has secured sufficient financing pledges to allow it to provide comprehensive debt relief to Sudan, clearing a final hurdle towards wider ...
Economy 23 June ,2021
Dubai says $500 mln bond repayment reflects fiscal stability despite COVID downturn Dubai says $500 mln bond repayment reflects fiscal stability despite COVID downturn
Dubai repaid $500 million in bonds due on Tuesday in what the government said was a sign of fiscal stability despite the coronavirus-driven economic downturn.A bond repayment is generally a normal ...
Economy 22 June ,2021
Qatar expects to see $20 bln bump to economy from 2022 World Cup Qatar expects to see $20 bln bump to economy from 2022 World Cup
Tokyo’s 2020 Olympics may be a financial flop, but Qatar, host to one of the next big global sporting events since the start of the pandemic, expects its tournament late next year to provide an ...
Sports 20 June ,2021
Egypt’s central bank keeps key interest rates unchanged Egypt’s central bank keeps key interest rates unchanged
Egypt’s central bank kept its key interest rates unchanged during its monetary policy committee (MPC) meeting on Thursday, the bank said in a statement.The committee kept the overnight lending rate at ...
Banking & Finance 17 June ,2021
Egypt’s central bank forecast to leave interest rates on hold: Reuters poll Egypt’s central bank forecast to leave interest rates on hold: Reuters poll
Egypt’s central bank will likely leave its overnight interest rates steady at a meeting on Thursday, a Reuters poll showed, as increased commodity prices and domestic inflation counteract any pressure ...
Banking & Finance 14 June ,2021
Kuwait's economy contracted by 9.9 percent in 2020 amid sharp drop in oil prices Kuwait's economy contracted by 9.9 percent in 2020 amid sharp drop in oil prices
Kuwait's gross domestic product contracted 9.9 percent in 2020, compared with growth of 0.4 percent in 2019, mainly because of last year's sharp drop in oil prices, state news agency KUNA reported on ...
Economy 13 June ,2021
Turkey’s economy expected to grow but prone to shocks amid reserve losses: IMF Turkey’s economy expected to grow but prone to shocks amid reserve losses: IMF
The International Monetary Fund forecast strong growth for Turkey this year, while saying risks have increased after reserves declined from previously low levels.Gross domestic product in Turkey is ...
Economy 12 June ,2021
Pakistan sets ambitious growth target of 4.5 pct with $54 billion budget Pakistan sets ambitious growth target of 4.5 pct with $54 billion budget
Pakistan announced a budget on Friday of 8.4 trillion rupees ($54 billion) for the next fiscal year, basing it on an ambitious growth target of 4.5 percent and tripling spending on public sector ...
Economy 11 June ,2021