South Asia Loses Growth Lead, Can Regain through Action
After leading global growth for two years, South Asia has fallen to second place, after East Asia and the Pacific. The region’s slowdown is due to both temporary shocks and longer-term challenges. Regional economic growth is expected to slow to 6.9...
Managing Migration Better Can Help Boost Welfare and Growth in ASEAN: World Bank
Easing restrictions on labor migration can boost workers’ welfare and deepen regional economic integration, says a new World Bank report.
Albania Puts Its Support Behind Sustainable Public Debt Management: Joins the World Bank Treasury Government Debt and Risk Management Program
The World Bank Treasury on October 5, announced that Albania has joined the Government Debt and Risk Management (GDRM) program, a World Bank Treasury initiative sponsored by the Swiss State Secretariat for Economic Affairs-SECO. The Program is...
Commission reports on employment and social situation in the EU: record high employment rates and signs of improvement for the youth
Employment in the EU continues to grow at a consistent pace and in almost all Member States. Employment increased by 1.5 % in the EU and 1.6% in the euro area in the second quarter of 2017 compared tothe same period in 2016.There are 3.5 million and 2...
Pick-up in private consumption and investment drives higher OECD GDP growth in second quarter of 2017
World Bank Launched Somali Poverty Profile: First Comprehensive Snapshot of Welfare Conditions
On October 5, the World Bank launched a comprehensive analysis of the welfare conditions of the Somali population. The High Frequency Survey report says every second Somali is living in poverty, with poor households more likely to be deprived beyond...
U.S. Latinos Suffer High Hunger, Poverty Rates
Analysis released by Bread for the World on October 5, shows that Latinos living in the United States have much higher rates of hunger and poverty than the general population.
Italy should continue reforms to improve people’s skills and boost growth
Full and effective implementation of recent reforms, including the Jobs Act and the Good Schools reform, would help boost growth in Italy by improving people’s skills and ensuring their more effective use across the country, according to a new OECD...
Philippines’ medium-term outlook remains positive: World Bank report
The Philippine economy is projected to continue its strong growth path in the next two years, riding on improved global demand for Philippine exports, robust domestic consumption, and expected higher government investments in infrastructure. In the...
Statement at the end of an IMF Mission to the Republic of Congo
An IMF staff team headed by Abdoul Aziz Wane visited Brazzaville from September 25 to October 4, 2017 to collect information, including to reassess the country’s debt, discuss cash management with the authorities, and conduct a scoping for a...
