Seeds of a next global economic crisis are being sown, serious warning by economist in IMF meeting

Seeds of a next global economic crisis are being sown, serious warning by economist in IMF meeting

Jakarta: Seeds for a new economic crisis are being sown with the trade war between the United States and China, rising interest rates in the United States and declining currency value of the developing countries, was the warning issued in the meeting of the International Monitory Fund (IMF) meeting. Chief of the IMF, Christine Lagarde […]

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Argentina demands financial aid of $50 billion from the IMF

Argentina demands financial aid of $50 billion from the IMF

Buenos Aires: While the economies of the Latin American countries like Venezuela and Brazil are receiving shocks, dark clouds seem to be hovering over the Argentinian economy too. The Argentinian currency, Peso declined by about 7% on Wednesday and the warnings of this decline in the growth rate by 1% are being issued. Against this […]

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Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Europe working on payment system alternative to US dominated SWIFT & IMF, claims German FM Heiko Maas

Berlin: The internationally accepted secure and reliable systems SWIFT and International Monetary Fund (IMF) are both dominated by the United States. To end this United States domination of the financial systems, European countries are trying to develop alternative systems for SWIFT and Monetary Fund, claimed German Finance Minister Heiko Maas. Even last week, while speaking […]

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The Venezuelan immigrant influx is similar to the immigrants intruding into Europe, warns United Nations

The Venezuelan immigrant influx is similar to the immigrants intruding into Europe, warns United Nations

Caracas: The United Nations has expressed fear that the condition in Venezuela, where a large number of citizens are fleeing the country because of the political and economic crisis, is similar to the immigrant crisis of Europe back in 2015. More than a million immigrants had entered Europe after the German Chancellor Angela Merkel opened […]

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Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Chinese debt is a major risk to our economy, warns RBA governor Philip Lowe

Canberra: The chief of Australia’s central bank has warned that the increasing built-up of debt in the Chinese economy, who is the biggest trade partner of Australia, can prove dangerous for both the countries. The debt to GDP ratio in the Chinese economy has risen from 100 percent to a staggering 260 percent in the […]

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Trade war will push the world into recession, warns Deutsche Bank

Trade war will push the world into recession, warns Deutsche Bank

Berlin: Germany’s ‘Deutsche Bank’ has warned that the aggressive policies adopted by US President Donald Trump will push the world in a deep abyss of recession. Before this, the World Trade Organisation and the International Monetory Fund have also expressed concern about global recession that could trigger due to the US President’s policies. The Deutsche […]

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Pakistan economy heading towards bankruptcy: International Monitory Fund

Pakistan economy heading towards bankruptcy: International Monitory Fund

Washington/Islamabad: Pakistan who already has a tarnished image because of an unstable government, policy to aid the terrorists, increased violence and human rights violation seems to be in for another jolt. The International Monitory Fund (IMF) has expressed concerns over the Pakistani economy and given indications that the economy is heading towards bankruptcy. It has […]

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