Analysts have cut their economic growth forecasts for the Gulf Arab oil exporting states further despite a rebound in crude prices, because of the impact of governments' austerity policies, a Reuters poll found.
Brent crude oi
Ratings agency Fitch cut its growth forecasts for Turkey for 2014 and 2015 on Friday, citing slower domestic lending growth and signs that consumer and investor confidence are moderating.
It now sees the economy expanding by 2.5 p
World 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
The 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.
The 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.