WASHINGTON: International Monetary Fund Managing Director Kristalina Georgieva on Thursday warned that China’s annual economic growth could drop to “way below” 4 percent unless it executes reforms to lift domestic consumption.

KUWAIT: Saudi Arabia’s non-oil growth is expected to be steady in 2024 (3.7 percent y/y) before accelerating to 4.2 percent in 2025.

UNITED NATIONS: Fighting in Lebanon could further destabilize the country’s economy, already devastated by years of crisis, the UN warned Wednesday, predicting a 9.2 percent drop in GDP in 2024 if the conflict continues.

KAZAN, Russia: Leaders of the nations in the BRICS grouping, which accounts for 37 percent of global economic output, predicted its influence would grow as they met in Russia on Tuesday, outlining common projects ranging from a grain exchange to a cross-border payments system.

TOKYO: Shares in Tokyo Metro, one of the world’s busiest subways, soared almost 50 percent on its debut Wednesday after its government owners raised $2.3 billion in Japan’s biggest initial public offering in six years.

WASHINGTON: The Chinese government should use its tax-and-spend policies to help boost flagging economic growth, a senior IMF official told AFP ahead of key meetings this week in Washington.

WASHINGTON: Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked “important” regional and sectoral shifts.

WASHINGTON: Near-term global financial risks are contained, but monetary policy easing could fuel asset price bubbles and markets might be underestimating risks posed by military conflicts and impending elections, the International Monetary Fund said on Tuesday.

KUWAIT: Burgan Bank recently concluded its participation in the third edition of Watheefti, Kuwait’s largest employment fair, which was inaugurated in the presence of Dr Nader Abdullah Mohammed Al-Jallal, Minister of Higher Education and Acting Minister of Education, in addition to Burgan senior management.