Global Economy Downgrade
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Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
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"Need Coordinated Policy Action": IMF After Cutting Growth Forecasts
The International Monetary Fund today appealed to the world's largest economies, including India, to be prepared to engage in a coordinated policy action a day after it downgraded the 2019 global growth rate to 3 per cent - the slowest pace since the 2008 global financial crisis.
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Fitch Downgrades Pakistan's Rating, Warns Default A 'Real Possibility'
The beleaguered Pakistani economy faces substantial credit risks with "critically low levels" of foreign exchange reserves, New York-based global ratings agency Fitch said on Tuesday.
-
"Need Coordinated Policy Action": IMF After Cutting Growth Forecasts
The International Monetary Fund today appealed to the world's largest economies, including India, to be prepared to engage in a coordinated policy action a day after it downgraded the 2019 global growth rate to 3 per cent - the slowest pace since the 2008 global financial crisis.
