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2 HOURS AGO - The Economist

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Cheaper oil: Winners and losers

IN EARLY October the IMF looked at what might happen to the world economy if conflict in Iraq caused an oil-price shock. Fighters from Islamic State (IS) were pushing into the country’s north and the fund worried about a sharp price rise, of 20% in a year. Global GDP would fall by 0.5-1.5%, it concluded. Equity prices in rich countries ...

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2 HOURS AGO - The Economist

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Charlemagne: Gummed up

IT WAS just like old times. On October 16th, almost five years to the day after Greece’s government triggered the euro crisis by confessing that its budget deficit was twice as big as had previously been reported, yields on Greek ten-year debt rose to 9%, and share prices tumbled. Long-suppressed memories of bail-outs, late-night summits and market meltdowns briefly resurfaced. ...

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3 HOURS AGO - Yahoo! News

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IMF urges Zimbabwe to restore confidence as growth slows

Zimbabwe's government needs to restore confidence in the country as its economy will only grow by a meagre 3.2 percent next year, the International Monetary Fund said Thursday. "With regard to Zimbabwe, economic conditions remain difficult," IMF director for Africa Antoinette Sayeh told a news conference. Zimbabwe will thus lag the sub-Saharan Africa region, which is forecast to expand by ...

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OCT 19, 2014 - CNBC

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Singapore worker curbs may hit growth: IMF

Singapore's plans to cut reliance on foreign workers may hurt its competitiveness and growth while boosting inflation, the IMF said.

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OCT 17, 2014 - The Guardian

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Europe in turmoil: five years of economic crisis

Greeces admission in October 2009 that it had a huge black hole in its finances triggered five years of bailouts, market turmoil and protestsThe eurozone crisis didnt emerge from a clear blue sky five years ago. Greeces economic problems were well known; in 2004, it admitted fudging its deficit figures to qualify for euro membership, and a year later Athens ...

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