Global debt, currently at an all-time high of $152 trillion, could thwart the fragile economic recovery, the IMF warned on Wednesday, highlighting that reducing debt significantly will require fiscal policies that support economic activity.
Mena countries should press ahead with further economic and structural reforms to boost flagging trade and investment, restore public trust and create jobs for the region’s young population, the OECD Secretary-General said.
Economic conditions in Iran are improving substantially in 2016-17, said the International Monetary Fund (IMF) in a concluding statement of its staff visit to the Islamic Republic.
Real GDP rebounded strongly over the first half o
Saudi Arabia’s gross domestic product, adjusted for inflation, rose 1.4 percent from a year earlier in the second quarter of 2016, a report said.
It was the slowest growth since the 0.3 percent recorded in the first quarter
Egypt's current account deficit rose to $18.7 billion for the 2015-16 fiscal year that ended in June, from $12.1 billion last year, central bank data showed.
Egypt's economy is struggling to recover after a mass uprising i
Egypt's budget deficit widened to 11.2 per cent of gross domestic product in the first 11 months of the financial year, up from 10.8 percent a year earlier, the Finance Ministry said on Monday.
In its monthly report, the minis
India's economic growth slowed sharply in the June quarter, putting the government's target further out of reach and raising concerns that Asia's third-largest economy will create too few jobs for a burgeoning workforce.
Every part of the UK is more prosperous than it was last year, with uplifts in either household wealth, GDP, household expenditure and earnings – and a decrease in unemployment, according to the second edition of the annual Barclays Prospe
The gross domestic product (GDP) of the UAE emirate of Ras Al Khaimah is expected to have crossed Dh30 billion ($8.165 billion) during 2015, a senior official said.
The statement by Dr Abdulrahman Mohammed Ali Al Shayeb Al Naqbi,
Etihad Aviation Group (EAG) and its equity partner airlines will support 108,000 jobs across the US in 2016 and make a $10.7 billion contribution to the national economy this year, according to a leading global consultancy.