Hellenic Shipping News Worldwide, IMF/OECD News

OECD GDP rose by 0.4% in the first quarter of 2013, but with diverging patterns across countries

Wed, 22 May 2013 00:00:03 GMT

Provisional estimates show that quarterly gross domestic product (GDP) in the OECD area rose by 0.4% in the first

Economic Growth Moderates Across Middle East

Wed, 22 May 2013 00:00:00 GMT

Differences in economic growth across the Middle East and North Africa (MENA) region are expected to

IMF Sees More Easing Warranted If Outlook Worsens

Fri, 17 May 2013 10:00:00 GMT

More central bank easing in the U.S. and Europe may be warranted if the economic outlook sours, but there's a risk of diminishing returns, the

IMF Approves Cyprus Bailout

Thu, 16 May 2013 13:30:01 GMT

The International Monetary Fund approved a bailout loan for Cyprus that will allow an immediate disbursement of EUR86 million ($110.7 million) to the beleaguered euro

Growing risk of inequality and poverty as crisis hits the poor hardest

Thu, 16 May 2013 10:00:01 GMT

Income inequality increased by more in the first three years of the crisis to the end of 2010 than it had in the previous twelve years, before

OECD: Composite leading indicators remain rather well-oriented in most major economies

Wed, 15 May 2013 00:00:00 GMT

Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend,

IMF Warns African Nations to Temper Bond Appetite

Sat, 11 May 2013 00:00:00 GMT

African countries looking to exploit the global search for yield by issuing international bonds risk taking on too

IMF Doesn't Expect New Greek Debt Restructuring Talks Anytime Soon

Fri, 10 May 2013 10:00:01 GMT

The International Monetary Fund doesn't expect euro-zone authorities to start negotiations to restructure Greece's debt anytime

Call for Europe to Cut IMF Out of Bailouts

Thu, 9 May 2013 00:00:01 GMT

Europe should eventually end its collaboration with the International Monetary Fund and handle crises using its own institutions, European Central Bank

Greece: IMF hails economic 'progress' but warns on tax evasion

Tue, 7 May 2013 00:00:04 GMT

Debt-laden Greece has made progress in improving its finances, but the country must do more to fight tax evasion, the

Latin American Growth to Edge Higher in 2013

Tue, 7 May 2013 00:00:00 GMT

Growth in Latin America and the Caribbean is set to pick up from 3 percent in 2012 to 3½ percent in 2013,

Trade facilitation agreement would add billions to global economy, says OECD

Tue, 7 May 2013 00:00:00 GMT

Multilateral agreement to cut red tape in international trade would dramatically reduce trading costs and add

Italy: New government must build on recent reforms

Fri, 3 May 2013 00:00:00 GMT

Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth. The new

India’s income levels could stagnate, says IMF report

Wed, 1 May 2013 00:00:00 GMT

India faces the danger of stagnating at current income levels because of poor infrastructure and inefficient economic institutions,

OECD annual inflation slows to 1.6 % in March 2013

Wed, 1 May 2013 00:00:00 GMT

Consumer prices in the OECD area rose by 1.6 % in the year to March 2013, compared with 1.8 % in the year to February 2013.This slowdown

OECD: Italy: New government must build on recent reforms

Wed, 1 May 2013 00:00:00 GMT

Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth.

OECD Fears Euro-Zone May Snatch Defeat From Jaws Of Victory

Tue, 30 Apr 2013 11:00:03 GMT

The euro zone is at risk of snatching defeat from the jaws of victory by abandoning efforts to cut budget deficits and

Asia Faces Shifting Risks, New Foundations for Growth

Tue, 30 Apr 2013 00:00:02 GMT

After a year of subdued economic performance, growth in Asia is set to pick up this year driven largely by continued robust domestic

IMF Sees Strong Growth, Lingering Risks in Low-Income Countries

Mon, 29 Apr 2013 00:00:05 GMT

Low-income countries are now among the fastest-growing economies in the world, but many remain vulnerable to shocks and

IMF welcomes Spain's plan to ease up on austerity

Mon, 29 Apr 2013 00:00:00 GMT

The International Monetary Fund welcomed Spain's decision to ease up on its austerity drive, saying it should aid employment while still helping

IMF urges east Europe to tackle bank funding, bad loans

Sat, 27 Apr 2013 00:00:00 GMT

Policymakers in emerging Europe should help banks resolve bad loans and find more local sources of funding to avoid the cycle of boom and

Italy should ask for more room on deficit: OECD

Fri, 26 Apr 2013 11:00:02 GMT

Italy is now in a position to ask the European Union to ease up on the country's deficit target, according to Pier Carlo Padoan, chief economist at the Organisation

IMF Says Decisive Action in Europe Can Strengthen Growth and Avoid Economic Stagnation

Fri, 26 Apr 2013 11:00:01 GMT

IMF First Deputy Managing Director David Lipton yesterday called on European policy makers to take decisive

IMF, ECB square off in Europe austerity debate

Fri, 26 Apr 2013 00:00:00 GMT

A heated debate about Europe's austerity drive flared back into life on Thursday with leading IMF and European Central Bank officials sharply at odds and

IMF economist: German budget policy appropriate, U.S. doing too much

Fri, 26 Apr 2013 00:00:00 GMT

Germany is not consolidating its own budget but policy overall is appropriate, Olivier Blanchard, chief economist of the

OECD welcomes Japan revival effort, warns on debt

Wed, 24 Apr 2013 11:00:01 GMT

A leading international economic group says Japan's efforts to end two decades of stagnation are welcome changes that could spark

IMF, Egypt say working to reach loan deal in 'coming weeks'

Tue, 23 Apr 2013 00:00:00 GMT

The International Monetary Fund and Egyptian officials said on Sunday they were working to reach a deal on a proposed $4.8 billion loan

Action needed to boost confidence in global economy, IMF says

Mon, 22 Apr 2013 11:00:01 GMT

Global finance officials on Saturday said monetary policy alone was not enough to restore confidence in the shaky global

IMF Pledges to Strengthen Tools to Assess Debt and Limits

Mon, 22 Apr 2013 00:00:00 GMT

The International Monetary Fund said it will use revamped tools to assess countries’ debt sustainability and strengthen its method

Latin America's new normal is weaker growth - IMF

Mon, 22 Apr 2013 00:00:00 GMT

Brazil and other Latin American countries need to realize their economic boom could be over because of cooler global demand for their minerals

IMF's Asia Chief Says China Slowdown Overblown

Sat, 20 Apr 2013 00:00:01 GMT

China's economy remains on track to expand 8% this year despite posting slower-than-expected growth in the first quarter, the

Germany, IMF used atomic bomb to shoot pigeon, says Cyprus negotiator

Sat, 20 Apr 2013 00:00:00 GMT

One of Cyprus's most senior civil servants has likened his country's treatment by Germany and the IMF to the

Global finance leaders to discuss IMF voting power reforms

Fri, 19 Apr 2013 00:00:00 GMT

Global finance leaders will do a stocktaking of IMF voting power changes when they meet in Washington this

Lagarde : Spain Needs More Time To Tighten Budget

Fri, 19 Apr 2013 00:00:00 GMT

Spain needs more time to slash its budget deficit to avoid worsening the country's recession, the head of the

IMF Sees 20% of Corporate Debt Unsustainable in Parts of Europe

Thu, 18 Apr 2013 11:00:02 GMT

As much as 20 percent of non-bank corporate debt in the weakest euro-area economies is unsustainable and

ECB's Praet says IMF involvement in euro zone rescues desirable

Thu, 18 Apr 2013 11:00:01 GMT

The International Monetary Fund should be part of any future rescue packages given to euro zone governments,

Policy Actions Improve Prospects for Global Economy

Wed, 17 Apr 2013 00:00:04 GMT

The global economy is expected to continue mending gradually, says the International Monetary Fund (IMF),

Egypt’s IMF Loan Talks in Cairo End Without Agreement

Wed, 17 Apr 2013 00:00:00 GMT

Egypt’s talks with the International Monetary Fund ended without an agreement for a $4.8 billion loan

IMF Trims U.S. Growth Outlook in Draft Report Citing Fiscal Cuts

Sat, 13 Apr 2013 00:00:00 GMT

The International Monetary Fund lowered its forecast for U.S. growth as automatic budget cuts slow the

EU's Ban on Some Sovereign Credit-Default Swaps May Create Instability -IMF

Fri, 12 Apr 2013 00:00:02 GMT

Europe's trading ban on some specialized securities could be fomenting instability instead of strengthening the

IMF chief sees little improvement in global growth for 2013

Thu, 11 Apr 2013 00:00:04 GMT

Global growth is likely to remain tepid this year and central banks should keep their easy monetary policy in

OECD: Composite leading indicators point to growth picking up in most major economies

Thu, 11 Apr 2013 00:00:00 GMT

Composite leading indicators (CLIs), designed to anticipate turning-points in economic activity relative to trend,

IMF Says Inflation Fears on Central Bank Easing Overblown

Wed, 10 Apr 2013 00:00:00 GMT

Inflation is likely to remain stable as the global recovery strengthens, freeing central banks to spur growth

IMF’s Lagarde Says Substantial Part of Global Economy Better

Mon, 8 Apr 2013 00:00:01 GMT

International Monetary Fund Managing Director Christine Lagarde said that while a “substantial portion” of the

IMF will contribute 1 billion euros to Cyprus bailout

Thu, 4 Apr 2013 11:00:01 GMT

The International Monetary Fund will contribute 1 billion euros over three years to the 10 billion euro bailout for

IMF Urges Ireland to Retain Austerity Program

Thu, 4 Apr 2013 00:00:01 GMT

The International Monetary Fund on Wednesday urged Ireland's government to stick to its painful austerity

OECD annual inflation increases slightly to 1.8% in February 2013

Thu, 4 Apr 2013 00:00:00 GMT

Consumer prices in the OECD area rose by 1.8% in the year to February 2013, compared with 1.7% in the year to

EU, IMF resisting Greek bank NBG's takeover of Eurobank: sources

Tue, 2 Apr 2013 00:00:00 GMT

Greece's international lenders have asked Athens to halt National Bank's takeover of rival Eurobank, worried

Global economy is improving but Europe lags behind, says OECD

Fri, 29 Mar 2013 00:00:01 GMT

Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful

IMF Sees Need For Euro Zone Banking Union

Fri, 29 Mar 2013 00:00:00 GMT

The Cyprus bailout shows the need for the euro zone to develop a full banking union, an International Monetary