Economy in East Timor
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EAST TIMOR, 2017/04/29
Timor-Leste is a country increasingly able to stand on its own two feet. At least, that is the sense within Timor-Leste. The success of Timor-Leste’s presidential elections in March 2017 and the prospect of successful parliamentary elections again in early July have marked the country as a consolidating democracy in a region where such notions are often compromised.
Timor-Leste believes it no longer needs propping up by the international community as it did during its independence struggle of 2002, and again following the violence and destruction of the 2006 political crisis.
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AFGHANISTAN, 2016/01/02
World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday.
IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide.
Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.
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AFGHANISTAN, 2015/01/20
Low oil prices will not provide a sufficient updraught to dispel the clouds hanging over the world economy, the International Monetary Fund said on Tuesday.
In a sign of its increasing gloom about the medium term economic outlook, the IMF cut its world economic increase forecasts by 0.3 % points for both 2015 and 2016, despite believing cheaper oil represents a “shot in the arm”.
