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US consumer sentiment drops again in November, inflation expectations rise

US consumer sentiment drops again in November, inflation expectations rise

© Reuters. FILE PHOTO: A cashier charges products at a supermarket ahead of the Thanksgiving holiday in Chicago, Illinois, U.S. November 22, 2022. REUTERS/Jim Vondruska By Dan Burns (Reuters) -U.S. consumer sentiment fell for a fourth straight month in November and households’ expectations for inflation rose again, with their medium-term outlook for price pressures shooting…

Georgia’s central bank leader to revive $289 million IMF program

Georgia’s central bank leader to revive $289 million IMF program

Today, Natia Turnava, the pioneering female head of Georgia’s central bank, expressed her determination to revive a stalled $289 million International Monetary Fund (IMF) program. The announcement was made during an international news interview on Thursday, Nov 09, 2023. This urgency is driven by the economic repercussions of Russia’s invasion of Ukraine on Georgia’s $30…

Islamabad finance ministry to remain open for IMF talks despite public holiday

Islamabad finance ministry to remain open for IMF talks despite public holiday

In a move to facilitate crucial discussions with the International Monetary Fund (IMF), Islamabad’s Finance Ministry will stay open on November 09, 2023, despite it being a public holiday, Iqbal Day. A directive from the Secretary Finance has necessitated officer attendance for these pre-scheduled IMF meetings. The talks are centered around the first review of…

Goldman Sachs forecasts AI-driven productivity surge in 2024

Goldman Sachs forecasts AI-driven productivity surge in 2024

Goldman Sachs has recently cautioned investors about the potential uncertainty that 2024 may bring, emphasizing the importance of diversification and risk management. The bank identified geopolitical volatility, sustainability, and security and defense as key factors in the fluctuating investment landscape. The bank also highlighted artificial intelligence (AI) as a significant accelerator of growth, particularly in…

IMF to increase Kenya programme by $650 million, presidential adviser says

IMF to increase Kenya programme by $650 million, presidential adviser says

© Reuters. FILE PHOTO: The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo By Duncan Miriri and George Obulutsa NAIROBI (Reuters) -The International Monetary Fund has agreed to increase Kenya’s lending programme by $650 million, the Kenyan president’s chief economic adviser said on…