The world needs to increase its spending if wants to meet its ambitious goals of poverty reduction and environmental protection adopted by the UN. This was stated by the director of the International Monetary Fund (IMF) Christine Lagarde in a speech in London. “For the low-income countries in particular, meeting the additional spending needs will require a strong partnership between all stakeholders – countries themselves, but also official donors, philanthropy, […]
Economics
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Bundesbank expects expanding of the German economic activity
Despite the unexpectedly weak start of the year, the German central bank (Bundesbank) expects the country’s economy...
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Cashless payments are becoming more popular in Europe
Cashless payments are becoming more popular in Europe. Last year, the total number of payments by electronic means (card,...
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Peter Altmaier expects growth of the German economy by 2% this year
German Economy Minister Peter Altmaier expects the German economy to grow by about 2% this year, predicting a difference...
Mario Draghi: The risks remain balanced, but uncertainty is growing
The risks to the economic development of the Eurozone remain balanced and growth continues to support confidence in achieving target inflation. This was stated by the Governor of the European Central Bank Mario Draghi after the decision of the Eurozone monetary regulator was announced. However, he warned of growing uncertainty about protectionism, the vulnerability of emerging markets and the volatility of financial markets. “The Governing Council is ready to use […]
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