Washington, July 9 (IANS) Global economic institutions said that the world economy has remained broadly resilient despite the shock from the war in the Middle East, but warned that uncertainty remains high and urged continued international cooperation to safeguard trade, energy supplies and economic stability. The International Energy Agency (IEA), International Monetary Fund (IMF), World Bank Group (WBG) and World Trade Organization (WTO) issued a joint statement after a meeting of their high-l…
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Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
New Delhi, May 15 (IANS) Pakistan is set to face renewed macroeconomic pressure as global debt has climbed to unprecedented levels, underscoring widening vulnerabilities across emerging economies already grappling with tight external financing conditions and volatile commodity markets, a report has said.The report published in Business Recorder highlighted that the latest assessment of global financial conditions shows that overall debt has surged to record highs, driven largely by sustained bor…