The number of international students in Australia continues to risewith enrolments now making up more than a quarter of the total at some universities.
Oil prices have softened recently, despite the extension of the production cuts led by the Organization of the Petroleum Exporting Countries OPEC and the strengthening global recovery. Non-oil growth is generally recovering, but the muted medium-term growth prospects highlight the need for countries to push ahead with diversification and private sector development.
Most countries have outlined ambitious diversification strategies and are developing detailed reform plans, but implementation should be accelerated, particularly to exploit the stronger global growth momentum.
Oil exporters should continue pursuing deficit-reduction plans to maintain fiscal sustainability and, where relevant, to support exchange rate pegs. Some countries will need to identify additional fiscal consolidation measures, while protecting social and growth-oriented expenditures.
Financial stability risks appear low, although pockets of vulnerabilities remain. The outlook for countries in conflict remains highly uncertain, with growth dependent on security conditions. This positive momentum is expected to persist into the medium term, lifting growth further to 4.
However, even at this pace, growth will remain below what is needed to effectively tackle the unemployment challenge facing the region. The balance of risks to the regional outlook remains tilted to the downside. To leverage the global upswing and secure resilience, policy priorities continue to include growth-friendly fiscal consolidation and stronger monetary policy frameworks in countries transitioning to more flexible exchange rates.
Structural reforms need to accelerate to improve the business environment, create jobs, fully take advantage of the global growth momentum, and boost inclusive growth.
No Room for Complacency Growth in the Caucasus and Central Asia CCA started to pick up during the second half ofand is projected to accelerate further in and beyond. However, medium-term growth is forecast to remain below historical norms.
Reforms promoting diversification away from remittances and commodities should therefore be accelerated to secure strong, sustainable, and inclusive growth. Fiscal consolidation should continue to ensure that buffers are rebuilt, public expenditure channeled efficiently, tax collection improved, and social safety nets protected.
Monetary policy frameworks should be strengthened further, including by establishing clear objectives, safeguarding central bank independence, and enhancing communication. Deep-rooted weaknesses in highly dollarized banking sectors— which are not in a position to support growth in some countries—should be addressed promptly.
Illustrative calculations suggest that achieving greater trade openness, coupled with increased global value chain GVC participation, export diversification, or product quality could raise the level of income by some 5—10 percent within the following five to ten years. Oil importers are better placed than other countries in the region to take advantage of the improved outlook for global trade, given their better integration into GVCs and more diversified export bases.
However, oil importers could still improve the quality of their exports. In contrast, oil exporters should focus on economic diversification to produce and export a broader range of goods and services.On completion of half a decade of the governance, the rulers have started a meticulous campaign in the media, inter alia, issuing special supplements in .
Pakistan (Urdu: پاکِستان ), officially the Islamic Republic of Pakistan (Urdu: اِسلامی جمہوریہ پاکِستان ), is a country in South regardbouddhiste.com is the sixth-most populous country with a population exceeding ,, people.
In area, it is the 33rd-largest country, spanning , square kilometres (, square miles). False claims have added insult to the injury: PM. ISLAMABAD: In an angry retort to Donald Trump's rants against Pakistan, Prime Minister Imran Khan Mo.
Oct 12, Hammad assures support to marble industry: A delegation of the office-bearers and members of the All Pakistan Marble Association met Minister of State for Revenue Hammad Azhar here at FBR House and briefed him on the issues and problems facing the marble industry.
The economic downturn has caught Pakistan-as it has many other countries-but it’s caught Pakistan at an even worse moment because Pakistan is facing all these other challenges. I would say to. Pakistan: Imran Khan's Economic Challenges Imran Khan will try to usher in a new era for his country.
The first step requires tackling its economic challenges.