The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances. The organization also says that risks to global financial stability have increased.Add your comment!
The ministers leading the renegotiation of the North American Free Trade Agreement (NAFTA) could meet again on Thursday in Washington as they push for quick progress, Mexican Economy Minister Ildefonso Guajardo advanced. Guajardo said he had spoken to Canadian Foreign Minister Chrystia Freeland on Monday and would talk to U.S. Trade Representative Robert Lighthizer to see about agreeing a trilateral meeting in Washington on Thursday.Add your comment!
China's economy grew at an annual pace of 6.8% in the first quarter compared to the same period last year, according to official data, beating forecasts for the period. The growth figures for January to March were also above Beijing's 2018 annual growth target of around 6.5%Add your comment!
China will allow full foreign ownership of car firms by 2022 in a move that could open up the world's biggest car market. The plans will change rules that require global carmakers to work through state-owned partners. The US says this forces them to share technology with potential competitors.Add your comment!
While the world economy continues to show broad-based momentum, a new report released on Tuesday by the International Monetary Fund (IMF) is warning that there may be choppy seas ahead, caused by increasing protectionism or tit-for-tat trade wars.Add your comment!
Argentina’s central bank would raise interest rates if inflation does not fall “a lot” beginning in May to a level consistent with its 2018 target for a 15% rise in consumer prices, central bank Governor Federico Sturzenegger said on Monday.1 comment
The pound has continued its recent strong run against the dollar pushing firmly above US$ 1.43. It is the seventh session in a row that the pound has made gains against the US currency. The strong run means that, among the G10 group of rich nations, the UK has the best-performing currency this year.Add your comment!
The majority of people in the UK want a “people’s vote” on the final Brexit deal, according to a new survey in which some 52% of respondents expressed support for the idea.The survey, conducted by pollster Opinium Research for pro-EU campaign group Open Britain, saw 31% of respondents say they were opposed to a “people’s vote”, while 17% said they didn’t know or had no opinion.31 comments
British Prime Minister Theresa May will call on the Commonwealth on Monday to boost trade and forge new links, launching a summit of the 53 nations which have become increasingly important to Britain as it leaves the European Union.Add your comment!
The Economist recently published an extremely laudatory article on the performance of the Uruguayan economy in the last fifteen years, much of which can be supported but even more needs to be rectified, quite a surprise coming from a publication known for its research rigor. The piece was titled “Uruguay’s record-setting economic growth streak; How a small country outperforms its neighbors” and was published in the March 28th edition.Add your comment!