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International Monetary Fund
Update news International Monetary Fund
IMF cuts growth forecast for Philippines
The IMF has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
Greek banking sector needs 40.5 bln euros: central bank
Greece's banking sector's capital needs stand at 40.5 billion euros (53.5 billion U.S. dollars), within earlier estimates for recapitalization funds, the Central Bank of Greece (BoG) announced on Thursday.
