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Tag: IMF

IMF envisages faster growth for Indian economy with GST in place

Demonetisation impact was noticeable on the informal sector which was dependent on cash, in the later part of the FY17, said IMF’s Deputy Director for research Gian M Milesi-Ferretti. International Monetary Fund (IMF) maintained India’s growth forecast at 7.2% in FY18, saying the growth path is on-track with medium-term prospect favourable. However, in an exclusive […]

For India, Strong Growth Persists Despite New Challenges

India remains one of the fastest growing emerging market economies Due to recent cash shortages, growth is projected to slow temporarily this fiscal year Maintaining the reform momentum is key to stronger growth India’s overall outlook remains positive, although growth will slow temporarily as a result of disruptions to consumption and business activity from the […]

Middle East & Africa set to see growth of 3.4%

DUBAI: The International Monetary Fund on 19.07.2016 raised its 2016 growth forecast for the Middle East and North Africa after a rebound in oil prices, but maintained its cautious outlook for Saudi Arabia. The region, along with Afghanistan and Pakistan, is set to see economic growth of 3.4 percent this year, better than a previous […]

UAE To Implement VAT On 1 January 2018

The UAE Minister of State for Financial Affairs, His Excellency Obaid Humaid Al Tayer, has stated that the UAE will implement VAT at the rate of 5% on 1 January 2018. The minister was speaking in Dubai on 24 February after a joint press conference with Christine Lagarde, Managing Director of the International Monetary Fund […]

IMF Report Looks At Tax And Wealth Distribution

High-income households and corporations now face lower effective rates in some advanced economies, and this has contributed to an increase in net income inequality, according to a new International Monetary Fund report, entitled Causes and Consequences of Income Inequality: A Global Perspective. The report says that when the income share of the top 20 percent increases, […]