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IMF urges Australia to cut spending and raise revenue

IMF urges Australia and APEC to cut spending, raise revenue, and reform for economic resilience amidst global inflation and debt challenges.

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Australia and APEC countries are urged by the International Monetary Fund to increase revenue and cut spending to prepare for future economic shocks.

IMF managing director Kristalina Georgieva addressed leaders at the APEC summit in Lima, Peru.

She acknowledged the decline in global inflation but noted that many nations still feel its impact.

Georgieva stated that while the global economy is growing, the rate is slower than in previous decades.

High public debt is straining government budgets, and trade’s role as a growth engine is diminishing due to increasing protectionism and trade barriers.

She predicted over 3,000 new trade restrictions worldwide for the year.

Georgieva emphasized that fiscal consolidation and reforms are necessary for sustainable economic growth.

She recognized the unpopularity of these measures, especially among political parties that favor increased spending.

However, establishing sound fiscal rules is crucial for responsible government budgeting.

Reform is challenging but important for empowering citizens, she added.

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Markets brace for pivotal week following renewed US-China trade talks

Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.

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Global markets brace for US-China trade talks, earnings, and inflation data impacting investor sentiment and central bank outlook.


Global markets prepare for a critical week as US–China trade talks, major earnings, and inflation data could shift investor sentiment and central bank expectations.

Kyle Rodda from Capital.com breaks down the key risks and opportunities.

#GlobalMarkets #USChinaTrade #Inflation #EarningsSeason #Investing #FederalReserve #AUD #Tesla #Netflix #MarketUpdate


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Global markets steady ahead of CPI

Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.

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Global equities stay strong near record highs as investors await US CPI data to assess central bank decisions.


Global equities remain resilient, with Wall Street, Europe, and Asia near record highs as investors eye Friday’s US CPI data to gauge central bank moves.

Market watchers note cautious optimism amid ongoing volatility.

#GlobalMarkets #CPI #WallStreet #Equities #Investing #CentralBanks #RBA #Fed #USMarkets #MarketUpdate


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US sanctions Russia’s top oil giants

US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.

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US sanctions on Rosneft and Lukoil aim to pressure Moscow amid oil price surges; impact depends on enforcement.


The US has imposed new sanctions on Rosneft and Lukoil, aligning with Europe to pressure Moscow amid rising oil prices and global market tensions.

Analysts warn the real impact will hinge on enforcement and international response.

#Russia #USSanctions #Rosneft #Lukoil #OilMarkets #Geopolitics #EnergyCrisis #DonaldTrump #EU #GlobalTrade #Moscow


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