The Bank of Japan kept monetary policy steady and nudged up its economic growth forecasts on Tuesday, as the government’s stimulus package and receding pessimism over the global outlook took some pressure off the central bank to top up stimulus.
America’s days as pace-setter for the world economy may be coming to an end. With the International Monetary Fund releasing new forecasts, a rising number of economists are predicting that the US’s momentum will fall behind that of the rest of the world as global growth bottoms out and looks set to slowly pick up in 2020.
Production of major industrial products in Iran during the first nine months of the current Iranian calendar year (March 21-December 21, 2019) increased by 10 percent year on year, said the industry minister.
Economic growth in Russia is set to gather pace in 2020 along with consumer inflation as the central bank completes its cycle of interest rate cuts in the first quarter of the year, a monthly Reuters poll showed on Tuesday.
The eurozone economy has avoided a recession, according to a Reuters poll of economists who were reasonably confident of that outcome, but their growth and inflation outlook remains very modest for the coming years.
Japan’s government is considering putting together a large-scale economic stimulus package with fiscal spending exceeding $92 billion, the Nikkei newspaper said, as soft global demand and the US-China trade war dampen the country’s fragile recovery.
Export of stem cells has enjoyed a significant growth in the current Iranian year, Deputy of Vice President of Science and Technology Development for Stem Cell Science and Technology Amir Ali Hamidieh said on Wednesday.