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 […]
Recovering Egypt is ripe for investment
With Egypt’s economic conference barely a week away, anticipation about the opportunities it will unveil is high in the country as well as among foreign business communities. Those familiar with Egypt know that the scope for investing there is immense because expansions and improvements are needed in every economic sector. That is why the outcome […]