Thursday 28 July 2016
 
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Global growth

OECD cuts 2016 world GDP growth forecast to 3pc

Paris-based Organisation for Economic Co-operation and Development (OECD), a think tank funded by wealthy countries, cut its 2016 global growth forecast to 3 per cent in its interim economic outlook, from the 3.3 per cent it forecast in November

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World leaders vow to lift global growth

The heads of the world's 20 largest economies pledged to use all of their policy tools to tackle uneven economic growth that falls short of expectations, according to a draft Group of 20 (G20) communique seen by Reuters on Sunday.

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IMF sees cut to global growth forecasts

The International Monetary Fund is likely to revise downwards its estimates for global economic growth due to slower growth in emerging economies, IMF head Christine Lagarde said in a newspaper interview. "We are in a recover

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Asian shares slump on global growth fears

Asian shares tumbled on Monday after the US Federal Reserve's decision to keep interest rates at record lows raised fresh concerns about growth globally, particularly in China. MSCI's broadest index of Asia-Pacific shares

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Global growth to boost oil prices - Kuwait minister

Oil producing countries expect global economic growth in the coming period to boost oil prices, Kuwaiti Oil Minister Ali Saleh al-Omair was quoted by the al-Qabas newspaper on Tuesday as saying. "There is satisfaction among m

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IMF cuts global growth outlook, calls for reforms

The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth. G

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G20 commits to higher growth, fight climate change

Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine.

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Mideast air freight volumes up 7.8pc in August

Middle Eastern carriers reported a growth of 7.8 per cent in air cargo during August, a little below the year-to-date average of 9.6 per cent, the International Air Transport Association (Iata) has announced. The Middle East conti

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Growth optimism high despite rise in rates

Investor confidence in global economic growth remains high even as expectations of higher short-term rates increase, a report said. The number of investors believing the global economy will grow over the next 12 months was steady

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$2 trillion global growth ‘possible despite threats’

Finance officials from the world's major economies believe an ambitious goal to boost global growth by $2 trillion in the next five years is within reach despite a variety of threats, including rising tensions over Russia's actions in Uk

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