Recent forecasts for global economic growth by the International Monetary Fund are likely to be revised downwards due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina Georgieva said today. “A new variant that could spread very quickly could hurt confidence and in that sense, we are likely to see […]
Tag: International financial news
S&P: Danger for Turkey from the Central Bank’s attempt to save the pound
The international credit rating agency S&P Global has warned that the Central Bank’s attempt to prevent the Turkish pound from depreciating by issuing dollars in the market puts Turkey in further danger. S&P, in a written statement to Reuters, commented that the use of reserves by the Central Bank to protect the exchange rate in […]
IMF: Calls on Fed to raise interest rates
The International Monetary Fund issued a warning on Friday about rising inflationary pressures, especially in the US, and the uncertainty caused by a new variant of the coronavirus called Omicron, noting that US banks need to focus more on the risks of inflation. According to Reuters, in a related blog published today, Gita Gopinath and […]
IMF rings bell for Fed to raise interest rates and cut asset purchases
The International Monetary Fund issued a warning on Friday about rising inflationary pressures, especially in the US, and the uncertainty caused by a new variant of the coronavirus called Omicron, noting that US banks need to focus more on the risks of inflation. According to Reuters, in a related blog published today, Gita Gopinath and […]
IMF: US monetary policy needs to focus more on the risks of inflation
The International Monetary Fund issued a warning on Friday about rising inflationary pressures, especially in the US, and the uncertainty caused by a new variant of the coronavirus called Omicron, noting that US banks need to focus more on the risks of inflation. According to Reuters, in a related blog published today, Gita Gopinath and […]
US: New jobs in November lower than expected
New jobs in the US rose at a slower pace than expected in November, as companies moved more aggressively in hiring, indicating that the largest labor shortage for decades is still slowing the economic recovery. In particular, the US economy added 210,000 new jobs last month, with recruitment growth the lowest in a year and […]
IIF: Capital flows in emerging markets fell by $ 100 billion in November
Inflows to emerging markets slowed by $ 100 billion year-on-year in November, and fell on a monthly basis, mainly due to increased stance on tighter US monetary policy and weaker currencies. IIF. Flows from abroad to emerging markets stood at $ 15.6 billion last month, up from $ 18.6 billion in October and $ 115.5 […]
Britain: ‘High level’ of government emergency loan fraud
The British Audit Office today points to the “high level” of fraud in the emergency loan program, which is estimated at 9 4.9 billion by the government, deeming “insufficient” the government measures taken to recover part of them. The report covers a program announced in late April 2020 amid the COVID-19 pandemic to give small […]
True annual inflation in Turkey reaches 60%, research team says
Turkey’s annual inflation is almost 60%, a research team finds Just before government agency TürkStat announces official inflation rate consumer inflation in Turkey in November 2021 at 21.31%, the Inflation Research Group (ENAG) had announced its own rate: 58.65%. The Inflation Research Group (ENAG), founded by a group of academics and announcing alternative inflation rates […]
Turkey’s central bank intervenes again to halt pound fall to new low
The Turkish pound set a new record low, prompting the immediate intervention of the country’s central bank, which sold dollars in the market. The new fall of the pound and the subsequent intervention by the central bank, came after the rating agency Fitch revised the country’s outlook from “negative” to “stable”, regarding the risks posed […]
