Economy-International

MANILA, Philippines – A slowdown in investments in China’s economy is seen to adversely affect exporters in Southeast Asia, including the Philippines, according to the International Monetary Fund (IMF).

THE INTERNATIONAL Monetary Fund (IMF) announced that it is cutting its global economic forecasts once more. The IMF called the risks of a slowdown “alarmingly high,” primarily because of policy uncertainty in the United States and Europe. The IMF staff’s Global Projection Model (GPM) estimates suggest, that in 2013, recession probabilities are about 15% in…

The IMF said the ESM was key to tackling the debt crisis and restoring confidence Continue reading the main story The global economic recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said.

(Financial Times) — The US is the brightest spot in the world economy, as another global recession threatens, according to the latest Brookings Institution-Financial Times tracking index.

HONG KONG (CNNMoney) — The World Bank lowered its growth outlook for Asia on Monday, and warned that a major unraveling in Europe could knock 2% off Asia’s GDP growth next year.

THE World Bank said policy-makers in Asia’s emerging economies have room to ease monetary and fiscal policies as China’s slowdown drags the region’s growth to an estimated 11-year low this year.

Latin America will grow at a slower pace than last year, primarily due to weaker growth in Argentina and Brazil, a United Nations report has suggested. The Economic Commission for Latin America and the Caribbean (ECLAC) forecast the whole area would slow to 3.2% in 2012, down from 4.3% last year.

Jiabao: “Fast growth and low fluctuation was the most salient feature of China’s economic growth” China’s Premier, Wen Jiabao, has told the World Economic Forum in Tianjin that his country is on track to hit growth targets for this year. He also called on international leaders to strengthen co-ordination and oppose trade protectionism during the…

Manufacturing and export sectors have been key drivers of China’s economic growth China’s manufacturing activity fell to a nine-month low in August, adding to fears that its economy is slowing faster than estimated. The official Purchasing Managers’ Index (PMI) fell to 49.2, the lowest reading since November 2011, data released over the weekend showed.