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Economy in Cuba

  • Global growth will be disappointing in 2016: IMF's Lagarde

    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.
  • Revised IMF forecasts signal gloom on global economic outlook

    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”.
  • Delegates from 40 Countries to Cuba Forum for World Balance

    CUBA, 2012/12/28 Over 300 delegates confirmed their attendance to the 3rd International Conference for World Balance to be held here on 28-30 of January, 2013, informed the Organizing Committee. The event to take place in the Havana Convention Center stands out in the program to mark the 160th anniversary of Cuban National Hero, Jose Marti' s birth date. The forum aims to debate a wide-reaching schedule with the major world problems as we know them today, stated to Prensa Latina the vicepresident of the Organizing Committed, Hector Hernández.