Page 9 - Selected Economic News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Date Time IMF Executive Board Concludes 2020 Article IV Consultation with People’s Republic of China Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation[1]with the People’s Republic of China. The Chinese economy continues its fast recovery from the pandemic, helped by a strong containment effort and swift policy actions to mitigate the impact of the crisis. GDP growth is projected at 1.9 percent in 2020 and 7.9 percent in 2021, as economic activity continues to normalize and domestic outbreaks remain under control. Core inflat...

Program implementation has remained on track throughout the PCI that will expire in January 2021. Due to the COVID-19 pandemic, Serbia’s real GDP is projected to contract by 1.5 percent in 2020 and recover in 2021 with growth at 5 percent. The 2021 budget appropriately balances support for economic recovery with fiscal responsibility. Washington, DC: The Executive Board of the International Monetary Fund (IMF) concluded the Fifth Review Under the Policy Coordination Instrument (PCI) for the Republic of Serbia. [1] The Executive Board’s decision was taken without a meeting. [2] This w...