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'Room for improvement' in global debt restructuring: Yellen
'Room for improvement' in global debt restructuring: Yellen
Business and Economy
by  AFP

US Treasury Secretary Janet Yellen said on Tuesday there remains "considerable room for improvement" in the global debt restructuring process, as world leaders convene in Washington this week for key meetings. "There is considerable room for improvement in the international debt restructuring process," Yellen said in prepared remarks to a press briefing.

IMF issues growth warning as it lowers 2023 forecast
IMF issues growth warning as it lowers 2023 forecast
Business and Economy
by  AFP

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical tension. - Germany on brink of recession - While the picture is one of slowing growth, almost all advanced economies are still expected to avoid a recession this year and next.