By Arab Desk “Tunisia is in a very difficult situation, with obvious political fragility and an imminent risk of default,” she said during a session with the other leaders of the seven main industrialized countries. “Negotiations between the International Monetary Fund and Tunisia are, in fact, at a standstill,” she added, according to statements transmitted […]
By IFP Media Wire Banks in the Middle East and Central Asia have very limited exposure to last month’s banking turmoil in the United States and Europe, but financial pressures are adding to strains caused by high interest rates, volatile oil prices and years of double-digit inflation, a top IMF official has stated. Source: IMF […]
By War News Updates Editor Politico: Fed economists project recession this year, in potential blow to Biden The economic outlook is always difficult to foretell with any confidence. Federal Reserve economists believe that recent banking turmoil will trigger a mild recession later this year, a potentially ominous sign for President Joe Biden as he […]