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Sri Lankan army officers on patrol during a curfew in Colombo. Photograph: Buddhika Weerasinghe/Bloomberg

Sri Lankan president Gotabaya Rajapaksa said on Wednesday he would appoint a new prime minister and cabinet this week, after his elder brother resign(...)

 Government supporters torch tents of anti-government protesters during clashes near the prime minister’s house in Colombo, Sri Lanka.  Photograph: Chamila Karunarathne/EPA

Sri Lanka’s prime minister resigned on Monday to make way for a unity government to try to find a way out of the country’s worst economic crisis in h(...)

Moody’s said the impact of any international agreement on corporate income tax reform “appears manageable”. Photograph: iStock

Moody’s upgraded its credit rating on the State on Friday evening by one notch to A1, saying the Republic has demonstrated improved economic resilienc(...)

Responding to the IMF’s concluding statement, Minister for Finance Paschal Donohoe said the country was faced with a “new set of complex and inter-related challenges”.

Irish economic growth is projected to remain strong, but faces substantial uncertainty due to the indirect effects from the war in Ukraine, the Intern(...)

A compressor station on a German extension of the Yamal-Europe pipeline that transports Russian natural gas to Germany via Poland: ‘consumers are suffering, but they are also financing the invasion of Ukraine. This is bad policy.’ Photograph: Sean Gallup/Getty Images

How should the EU manage the economic costs of Vladimir Putin’s war? That is not the same as minimising those costs. This is a war, one on which the f(...)

IMF deputy division chief Petya Koeva Brooks  at the 2022 Spring Meetings of the IMF and  World Bank Group  in Washington, April  19th.  Photograph: EPA/Cory Hancock/IMF

Wars are also big economic shocks. The Vietnam war destabilised US public finances. The Korean war of 1950-53 and the Yom Kippur war of 1973 triggered(...)

The recent focus on inflation and the cost of living has merged – economically speaking – with the Ukraine crisis and the surge in commodity prices to produce a very uncertain outlook. Photograph: Diego Azubel/EPA

Growth forecasts for the Irish economy tend to chop and change. That’s because the economy is small, outward facing and heavily concentrated around tw(...)

The International Monetary Fund has slashed its forecast for global growth this year on the back of Russia’s war in Ukraine while warning that heightened levels of inflation now posed a significant risk to low-income households in many countries.

The International Monetary Fund (IMF) has slashed its forecast for global growth this year on the back of Russia’s war in Ukraine, while warning that (...)

It would mark quite a move to introduce a new tax rate. Illustration: Getty

Tánaiste Leo Varadkar led some to hope that real incomes could rise with the possible introduction of a new 30 per cent income tax rate last month. H(...)

Tunisia’s president Kais Saied: He is seen as having failed to arrest economic decline with the war between Russia and Ukraine piling pressures on Tunisia’s  economy due to the rise in oil and wheat prices. Photograph: Fethi Belaid

Tunisia’s populist president has dissolved the democratically elected parliament, intensifying the country’s political crisis eight months after he st(...)

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