Search Results for: economic recession

IMF chief amps up call to boost global growth as risks increase

International Monetary Fund Managing Director Christine Lagarde turned up the volume on her calls for stronger action by the worlds economies to boost growth, warning that downside risks were increasing without decisive action. In a speech at Frankfurts Goethe University on 5 April, Lagarde prescribed specific moves, including for the United States to raise its minimum wage, for Europe to improve job training and for emerging economies to cut fuel subsidies and boost social spending. She said recovery from the 2007-2009 global financial crisis remains too slow, too fragile and risks to its durability are increasing. Apr 5, 2016

Panama Papers: President Juan Carlos Varela defends transparency

Panamas President Juan Carlos Varela reaffirmed his countrys commitment to tax transparency after governments across the world began investigating possible financial wrongdoing by the rich and powerful, after a leak of four decades of documents from a local law firm that specialised in setting up offshore companies. Apr 5, 2016
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