Finance & Economics | WPN World People News

The European Commission has proposed to give Finland €5,364,000 from the European Globalisation Adjustment Fund (EGF) to help 1,441 former workers at Microsoft and 8 of its suppliers and downstream producers to find new jobs. The main reason for the job losses at Microsoft is the declining market share of its phones (Lumia) that use the Microsoft Windows operating system. Most of the Microsoft redundancies were in the Helsinki-Uusimaa, Etelä-Suomi and Länsi-Suomi regions.

On September 12, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Tuvalu.
The macroeconomic outlook is stable. Real GDP growth in 2015 is estimated at 2.6 percent and is projected to rise to 4 percent in 2016 on account of several large infrastructure projects and recovery spending following Cyclone Pam.

On September 7, 2016, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sudan.

Growth in developing East Asia and Pacific is expected to remain resilient over the next three years, according to a new World Bank report.

The need to limit budget deficits has been hotly debated ever since the start of the economic crisis. While many EU countries have made progress, others still have some way to go. Spain and Portugal's persistently high deficits are discussed by the economic and regional developments committees on Monday, while on Tuesday MEPs will discuss the situation in Greece. Check out our infographic to see how deficits of all EU countries have evolved over the past 17 years.

Bangladesh has done an impressive job in reducing poverty over the last decades and has the potential to end extreme poverty by 2030 if it takes firm steps to make growth more inclusive to benefit all Bangladeshis.

The Philippines remains one of fastest growing economies in East Asia and the Pacific despite the weak global economy. The country’s gross domestic product is forecast to grow 6.4 percent this year and 6.2 percent in the next two years.

The euro area (EA19) seasonally-adjusted unemployment rate was 10.1% in August 2016, stable compared to July 2016 and down from 10.7% in August 2015. This remains the lowest rate recorded in the euro area since July 2011. The EU28 unemployment rate was 8.6% in August 2016, stable compared to July 2016 and down from 9.3% in August 2015. This remains the lowest rate recorded in the EU28 since March 2009. These figures are published by Eurostat, the statistical office of the European Union.

The proposals, to be included in an amendment to the Digital Economy Bill, will mean publicly-funded basic digital skills training being offered free of charge to adults in England who need it. This is part of the Government’s ambition for the UK to be one of the most digitally-skilled nations in the world.

A team from the International Monetary Fund (IMF), led by Oral Williams, visited Lilongwe September 14–28, 2016 to conduct discussions on the ninth review under the Extended Credit Facility (ECF) arrangement.