Finance & Economics | WPN World People News

Amidst rising global uncertainty and inflationary pressures, the Philippine economy is poised to remain strong and is projected to grow at 6.5 percent in 2018, 6.7 percent in 2019, and 6.6 percent in 2020, according to the Philippines Economic Update (PEU) released by World Bank, on October 4.

An International Monetary Fund (IMF) mission, led by James Roaf, visited Belgrade during September 24 – October 4, 2018, to hold discussions on the first review under Serbia’s Policy Coordination Instrument (PCI).

A staff team from the International Monetary Fund (IMF), led by Harald Finger, visited Islamabad from September 27-October 4, 2018 to discuss Pakistan’s economic situation and exchange views on necessary policies for economic stabilization and sustainable and inclusive growth.

International Trade Secretary, Dr Liam Fox is in South Korea this week to turbo charge talks on our future trading relationship after the UK leaves the EU - with or without a deal. As the 5th and 11th biggest economies in the world, he will also discuss with British businesses how the UK can boost its exports to South Korea, following the recent publication of the UK’s Export Strategy.

An innovative international co-operation initiative that deploys qualified experts in developing countries to strengthen their ability to effectively tax multinational enterprises has achieved significant milestones over the past year, according to a new annual report.

An International Monetary Fund (IMF) mission led by Ms. Céline Allard visited Abidjan from September 19 to October 3, 2018 to hold discussions on the fourth review of the three-year economic and financial program supported by the IMF through arrangements under the Extended Credit Facility (ECF) and the Extended Fund Facility (EFF).

Parliament on Tuesday decided to cancel €70 million in pre-accession funds earmarked for Turkey, as conditions to improve the rule of law were not met.

Despite a less favorable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest World Bank economic report on the region. Growth in developing EAP is expected to be 6.3 percent in 2018, lower than in 2017 due to the continued moderation in China’s growth as its economy continues to rebalance.

Growth in the Middle East and North Africa (MENA) region is projected to rebound to an average of 2% in 2018, up from an average 1.4% in 2017 according to a new World Bank report.

Sub-Saharan African economies are still recovering from the slowdown in 2015-16, but growth is slower than expected, according to the October 2018 issue of Africa’s Pulse, the bi-annual analysis of the state of African economies by the World Bank. The average growth rate in the region is estimated at 2.7 percent in 2018, which represents a slight increase from 2.3 percent in 2017.