China Now #1 Economy as Unemployment. China Now #1 Economy as Unemployment.Economic anxiety amid a dwindling oil and gas industry.. their economy is not profitable. |
IMF cuts global growth forecast amid sizable uncertainty about oil price path
AP Photo/Peter MorrisonIMF Managing Director Christine Lagarde. The IMF downgraded its forecast for Canadas economy, cutting growth estimates for 2015 by 0.1% to 2.3%, and for 2016 by 0.3% to 2.1%.
Oil Price Collapse Will Cost Feds $4.3 Billion, Provinces Nearly $10 Billion
Due to cheaper oil, the board also predicts provincial tax revenues to drop another $5.2 billion this year. World oil prices have sunk below US$50 per barrel since tumbling from their perch above US$100 last summer. The Conference Board says oil prices.
Russia Plans Deep Budget Cuts as Revenues Drop
Moscow is counting on an eventual bounce in the price of oil. Its drop, officials said Wednesday, has been far more devastating to the Russian economy than Western sanctions. Russian Finance Minister Anton Siluanov said the budget faces a .
The Oil Price War
Those who believe it was low oil prices in the 1980s which brought about the Soviet Unions collapse should remember that it was during this same period of low oil prices that the Soviet economy achieved its longest period of rapid, sustained growth.
Joe Biden Twists Data On US Economy
The following post first appeared on FactCheck.org.. Every other nations going to have their GDP cut significantly.. The IMF cited the declining unemployment rate, appreciation of the dollar and a decline in oil prices for the upgraded forecast.
Eurozone finance ministers agree to extend Greece financial rescue package
After preliminary talks with Greek Finance Minister Yanis Varoufakis, German Finance Minister Wolfgang Schaeuble and International Monetary Fund chief Christine Lagarde, Eurogroup chairman Jeroen Dijsselbloem said there was reason for some optimism.
Oil tanks as OPEC rejects output cut, dragging down energy stocks, currencies
Oil collapsed into a bear market this year as the U.S. pumped at the fastest rate in more than three decades and threats to supply from Iraq and Russia faded. A total of 58% of respondents in a Bloomberg Intelligence survey this week forecast no change.
Collapse of oil prices leads world economy into trouble
. oil prices collapsed. ���Opec wanted ��� to cut off production ��� and they wanted other non-Opec [countries], especially in the US and Canada, to feel the pinch they are feeling,��� says Abhishek Deshpande, lead oil analyst at Natixis.. Natixiss.
Eight countries that win and lose big from oil plunge
Oil prices traded near a five-year low Tuesday, as global supply continued to outstrip demand. Since the start of the year, prices have plummeted close to 50%. That decline has produced windfalls ��� or disasters ��� for a number of countries. Heres a.
Oils Plunge Could Help Send Its Price Back Up
. global economy, which has been weakening in many regions. Many oil experts believe todays decline in oil prices has resulted primarily from increased oil production, particularly in the U.S. states of North Dakota and Texas, rather than a demand.
IMF cuts Canadas growth outlook amid oil collapse
OTTAWA ��� Canadas economy will grow slightly slower than forecast by the International Monetary Fund just a few months ago, with momentum remaining ���solid��� but constrained by the collapse of global oil prices that have weakened investment and .
5 things you should know as you start your workday
The federal government acquired a 12 percent stake in GM nearly six years ago, when the global financial crisis brought the U.S. carmaker to the precipice of collapse. The idea was to keep GM afloat ��� and by extension keep Canadian manufacturing from .
BMO cuts one 5-year mortgage rate amid falling outlook for home sales
Spokespersons for Royal Bank of Canada and Canadian Imperial Bank of Commerce told the Star in separate emails that they can match the 2.79 per cent offer, though the posted five-year rates at both banks are higher. Scotiabank has a posted rate of 2.85 .
Factbox: How low can they go? Central bank policy easing in 2015
Below is a chronological list of central bank actions taken to counter the global deflationary pressures stemming largely from collapsing oil prices, or to boost flagging growth: Jan.. The Swiss National Bank stuns markets by scrapping its three.
UK general election: Conflicts intensify over possible hung parliament
With just eight weeks to go to the general election on May 7, there is intense discussion in ruling circles of the implications of a rout for the Labour Party in Scotland. Neither the Conservative Party nor Labour seem likely to win an outright.
Q4 2014: The global property markets: slowdown in Asia, US, Dubai and the.
Russias housing market remains weak, after a serious financial crisis amidst the Ukraine conflict and falling oil prices. Residential property prices dropped 6.15% in 2014, after price falls of 5.86% in 2013, and a rise of 9.74% in 2012. The Russian.