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IMF’s Azour says a review of gigaprojects is both welcome and natural
Azour says any recalibration as part of a “classical revision” of medium-term strategy would be welcomed by the lender.
Everything you need to know about the IMF’s latest World Economic Outlook update
The Fund sees the world economy growing 3.2% this year
Inflation cools off for the first time in three months
Car prices fell 4.6% y-o-y in June
IMF once again lowers our 2024 growth target, sees it coming in at 1.7%
The IMF also said it sees growth slowing in 2025 to to 4.7%
New pension system comes into effect, pushing up retirement age for most
The new rules raise the retirement age for new entrants to the job market
Non-oil private sector activity grows at slowest pace since January 2022
New orders subindex settled at 56.0 in June from 59.5 a month earlier
Corruption probes see 155 civil servants arrested
Property owners in five Riyadh neighborhoods have until today to register properties
BIS warns against slashing interest rates too soon
Central banks should keep an eye on risks like high public debt and falling property values
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