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Ukraine War Compels Russia to Double Defence Expenditure, Spending Crosses $100 billion

Russia increases defense spending target to over $100 billion amid escalating war costs in Ukraine, putting strain on finances and widening budget deficit ....

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Europe Faces Challenges With Inflation, Economic Recovery, Financial Stability

Europe is experiencing challenges with high inflation, slow economic recovery and financial stability across the continent, Director of the International Monetary Fund’s (IMF) European Department Alfred Kammer said on Friday. ....

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Top Largest & Fastest-Growing Economies in Sub-Saharan Africa in 2023

With its young population and rich natural resources, Africa is the world s fastest-emerging regions. Most of its nations are projected to grow in 2023, but what economies in sub-Saharan Africa are worth paying attention to? ....

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"2023 Even Tougher": IMF Chief's Blog Paints Grim Global Picture

International Monetary Fund chief Kristalina Georgieva says "2023 even rougher" in some bad news for the global economy. ....

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IMF to cut global growth forecast in April amid Russian invasion

The International Monetary Fund is set to lower its global growth projection next month due to the impact of Russia s invasion of Ukraine, which has triggered massive economic sanctions on Moscow and is sending energy and food prices higher, IMF Managing Director Kristalina Georgieva said on March 10. ....

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