Global Economy

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Heritage Foundation - 1 hour 12 minutes ago

The World Trade Organization's (WTO) Seventh Ministerial Conference held earlier this month did little to spur progress on a global trade pact.

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Advanced economies should keep rates low: IMF
AFP via Yahoo! News - Thu Dec 10, 4:50 pm ET
Advanced economies should maintain loose monetary policies and extra-low interest rates for "some time" to ensure a global economic recovery stays on track, a top IMF official said Thursday.
WTO Official: Ball In Russia's Court On WTO Accession
Nasdaq - Thu Dec 10, 3:32 pm ET
WASHINGTON -(Dow Jones)- Russia needs to clarify how it intends to move forward in its drive to join the World Trade Organization before advancing the process, a WTO official said Thursday, adding that "the ball is largely in [ Russia's] court."
Building a Post-Crisis Global Economy—An Address to the Japan Society
IMF - 2 hours 50 minutes ago
Good afternoon. It’s a pleasure to be here. This venue is appropriate for today’s discussion. The Japan Society is dedicated to fostering dialogue between the United States, Japan and East Asia. The Society’s foundation is the understanding that international cooperation serves common global goals.
IHS Top 10 Economic Predictions for 2010: Emerging Markets Will Outpace Developed Economies
Business Wire via Yahoo! Finance - Mon Dec 7, 8:30 am ET
LEXINGTON, Mass.----Global GDP will grow only 2.8 percent in 2010, much better than the 2.0 percent drop in 2009, but well below the 3.5-4.0 percent trend rate of growth for the world economy, according to the Top 10 Economic Predictions for 2010 from IHS Chief Economist Nariman Behravesh.
U.K.’s Banker Bonus Tax Is Backward-looking, IMF’s Lipsky Says
Bloomberg - 55 minutes ago
Dec. 10 (Bloomberg) -- The U.K.’s plan to impose a one-time tax on bankers’ bonuses is a backward-looking levy that will only cover some of the costs of a 68 billion-pound ($110 billion) financial bailout, said John Lipsky , first managing director of the International Monetary Fund.
WSJ: Blame Goes Global at WTO
Foreign Relations - Fri Dec 4, 1:07 pm ET
John W. Miller reports for the Wall Street Journal on the seventh World Trade Organization ministerial meeting in Geneva. Miller explains why protectionism and the state of the global economy have made several nations "afraid" of a new international trade deal.
IMF Aims at Building Stronger Post-Crisis Global Economy and International Monetary System
IMF - Thu Dec 3, 10:48 am ET
The International Monetary Fund (IMF) will continue to help bolster the nascent global economic recovery and build a stronger post-crisis world economy through its policy advice and by advancing the objectives for reform of the four Istanbul decisions: the Fund’s mandate; its financing role; multilateral surveillance; and governance.
NCBA’s statement on COOL disappointing to some
AG Weekly - Thu Dec 10, 1:24 pm ET
The Oct. 7 statement by the National Cattlemen’s Beef Association (NCBA) regarding Canada’s challenge of the U.S. Country of Origin Labeling Law (COOL) under the World Trade Organization (WTO) was disappointing to many cattle producers across the country, including myself.
World stocks fall as national debt, weak Japan growth add to fears of rocky economic recovery
Minneapolis-St. Paul Star Tribune - Tue Dec 8, 9:08 am ET
HONG KONG - World stock markets extended their losses Wednesday as Japan's much weaker-than-expected economic growth and rising debt loads around the world added to concerns the global recovery was faltering.
Statement at the Conclusion of the IMF Staff Visit to Turkmenistan
IMF - 1 hour 20 minutes ago
A mission from the International Monetary Fund (IMF) led by Ms. Veronica Bacalu visited Ashgabat during December 2−10, 2009. During the visit the mission met with the Turkmen authorities to discuss recent economic developments, the outlook for the next year, and cooperation between Turkmenistan and the IMF.
IMF Executive Board Concludes 2008 Article IV Consultation with the Kingdom of Lesotho
IMF - 2 hours 19 minutes ago
On February 9, 2009, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with the Kingdom of Lesotho. 1
World Economic Forum Selects Metabolix As A 2010 Technology Pioneer
PlasticsNet - Wed Dec 9, 4:08 am ET
Metabolix, Inc., a bioscience company focused on developing sustainable solutions for the plastics, chemicals and energy industries, announced recently that it has been named to the 2010 Class of Technology Pioneers by the World Economic Forum
IMF and European Investment Bank Sign Letter of Understanding to Support Intensified Cooperation in Capacity Building ...
IMF - Thu Dec 10, 9:33 am ET
Mr. Murilo Portugal, Deputy Managing Director of the International Monetary Fund (IMF), and Mr. Plutarchos Sakellari, Vice President of the European Investment Bank (EIB), signed a Letter of Understanding today to enhance cooperation in the area of capacity building in Sub-Saharan African countries.
World stocks seek direction as debt worries linger
AP via Yahoo! News - Thu Dec 10, 5:40 am ET
World stock markets lacked direction Thursday as worsening government finances in the West and weak economic figures in Japan continued to shake investors' confidence in a global recovery.
IMF chief: Global economy still fragile
San Francisco Chronicle - Mon Nov 23, 9:10 am ET
The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday. Dominique Strauss-Kahn told business leaders in London that he believes... International Monetary Fund - Dominique Strauss-Kahn - World economy - Economic - Business