IMF EXPECT TURKEY’S ECONOMY TO EXPAND 6% IN 2021

Stramed, Initial policy response to pandemic led to sharp rebound in GDP, financial institution says. ANKARA  The International Monetary Fund (IMF) said Monday that it expects Turkey’s economy to expand…

IMF SAYS VACCINES AND FISCAL STIMULUS TO POWER US ECONOMY TO 5.1% GROWTH THIS YEAR-THE STRONGEST SINCE 1984

Stramed, The IMF has dramatically increased its projections for the US economy, saying vaccines and stimulus will power growth of 5.1% in 2021. The IMF said vaccines would help the…

INDONESIA SAYS NEW SOVEREIGN WEALTH FUND ATTRACTS US$10 BILLION COMMITMENT

Stramed, Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday (Jan 26), ahead of…

INDIA’S GDP TO CONTRACT 8% THIS FISCAL: FICCI ECONOMIC OUTLOOK SURVEY

Stramed, New Delhi: India’s gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according to the latest round of FICCI’s Economic Outlook Survey. The annual…

JOE BIDEN SAYS HE’S WILLING TO ADJUST INCOME THRESHOLD FOR STIMULUS CHECKS IN THE NEW RELIEF PACKAGE

Stramed, President Joe Biden on Monday said he was open to altering the income thresholds for a fresh wave of direct payments to Americans, a key demand among some moderate…