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Opec cuts 2012 global oil demand forecastWorld oil demand will rise more slowly than expected this year, Opec said on Thursday, hit by the euro-zone debt crisis and high retail prices. In a monthly report, the Organisation of the Petroleum Exporting Countries (Opec) cut its fore More… |
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US, Europe playing with fire, warns IMFThe International Monetary Fund (IMF) has cut its forecast for US economic growth and warned Washington and debt-ridden European countries that they are 'playing with fire' unless they take immediate steps to reduce their budget deficits. More… |
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ADB ups Asia’s 2009, 2010 growth forecastsThe Asian Development Bank (ADB) raised its estimate of average growth in developing Asian economies to 3.9 per cent in 2009 from a forecast of 3.4 per cent made in March, while also raising the 2010 forecast to 6.4 per cent from 6.0 per cent. More… |
