Finance & Economics | WPN World People News

Stable growth momentum in the OECD area

CCTV will be mandatory in all slaughterhouses in England under new plans announced on 11 August 2017 by Environment Secretary Michael Gove, as he outlined a series of measures to cement the UK’s position as a global leader on animal welfare.

On July 28, 2017, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Islamic Republic of Mauritania.

The global financial crisis began 10 years ago and led to the European Union's worst recession in its six-decade history. The crisis did not start in Europe but EU institutions and Member States needed to act resolutely to counter its impact and address the shortcomings of the initial set-up of the Economic and Monetary Union.

The economic performance of the Philippines continues to be very strong, featuring robust growth combined with low inflation. Growth reached 6.9 percent in 2016, led by strong domestic demand that more than offset the drag from net exports, and the unemployment rate fell from 6.3 percent in 2015 to 5.5 percent in 2016. Consumption, and particularly investment, grew rapidly. Growth slowed to 6.4 percent in the first quarter of 2017, but this was partly due to a temporary deceleration in public spending and strong base effects following the election last year.

An International Monetary Fund team led by Mr. Björn Rother visited Tunis from July 26 to August 3 to discuss the economic outlook and the authorities’ policy intentions under Tunisia’s economic reform program supported by a four-year IMF Extended Fund Facility (EFF) arrangement approved in May 2016.

An International Monetary Fund (IMF) mission led by Alex Segura-Ubiergo visited Libreville from July 26 to August 2 to monitor economic developments and conduct discussions with the authorities.

The World Bank has issued its first Systematic Country Diagnostic on the Seychelles, Africa’s only high-income economy. Its findings will inform the Bank’s operational work in the country and contribute to its public debate on the new, national development planning process.

An International Monetary Fund (IMF) staff team led by Amine Mati visited Nigeria from July 20-31, 2017 to discuss recent economic and financial developments, update macroeconomic projections, and review reform implementation.