IMF sees resilient global economy

WASHINGTON, D.C.: The recent oil price spike fueled by rising Middle East tensions has the potential to derail the International Monetary Fund’s (IMF) “relatively good” outlook for the world economy, its chief economist told Agence France-Presse (AFP). “We are projecting a global economy that is quite resilient for 2024,” Pierre-Olivier …

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Japan records 5.89T yen trade deficit

TOKYO: Japan recorded a trade deficit for the third straight fiscal year as the costs of energy and other imports rose, and the yen remained weak. The deficit was 5.89 trillion yen ($38 billion) for the fiscal year that ended in March, according to Finance Ministry data released on Wednesday. …

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