Tag Archives: IMF

US Economy Will Face “Sharp” Slowdown In 2020, Says IMF Chief Economist

IMF chief economist said the slowdown is going to be sharper probably in 2020 than in 2019 (File) Washington: Americans will begin feeling the effects next year of a marked slowing in world economic growth but should be spared a new recession, the chief economist of the International Monetary Fund said in remarks published Sunday. “We  have long been predicting somewhat ... Read More »

Indian Economy Seems To Be On Way To Recovering From Demonetisation Disruptions, Says IMF

India’s economy has expanded strongly in recent years, said Tao Zhang, Deputy Managing Director of IMF. HIGHLIGHTS IMF has underscored the significance of reforms in education, health Economy expanded strongly because of macro economic policies Demonetization temporarily affected economic activity, said IMF Dy MD Washington: The Indian economy now seems to be on its way to recovering from disruptions caused by ... Read More »

IMF approves loan to Mongolia to finance reforms

The IMF forecasts Mongolia’s economic output will shrink by 0.2 per cent this year after growing less than 1 percent last year. The International Monetary Fund said Thursday lenders have approved a USD 5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 ... Read More »

IMF members delete anti-protectionism pledge, keep currency commitments

Member countries of the International Monetary Fund on Saturday pledged to work to reduce global imbalances but failed to repeat their past pledge to resist all forms of protectionism. The International Monetary and Financial Committee, the IMF’s steering body, also repeated its past commitments on currency exchange rates. “We will refrain from competitive devaluations, and will not target our exchange ... Read More »

Germany says IMF participation in Greek bailout indispensable

Germany insisted on Friday it was essential that the International Monetary Fund participate in Greece’s bailout programme after a German lawmaker in the European Parliament said IMF involvement was no longer crucial. “We have always said the participation of the IMF is indispensable,” a Finance Ministry spokeswoman told a regular government news conference. “We are hearing about the good progress ... Read More »

Greece on track with programme but IMF too pessimistic – EU’s Dombrovskis

Greece is on track with the economic adjustment needed to secure the next tranche of its bailout but the International Monetary Fund is failing raise its overly pessimistic forecasts, the vice president of the European Commission said on Monday. “The programme itself is on track,” Valdis Dombrovskis said at an event in Frankfurt. “If we do a final push from ... Read More »

China must quickly tackle rising corporate debt, warns IMF official

China must act quickly to address mounting corporate debt, a major source of worry about the world’s second-largest economy, a senior International Monetary Fund (IMF) official said on Saturday. David Lipton, first deputy managing director of the IMF, warned in a speech to a group of economists in the southern city of Shenzhen that companies’ indebtedness is a “key fault ... Read More »

Refugees hold key to German economic growth, IMF says

The International Monetary Fund has urged Germany to do more to help find work for the hundreds of thousands of refugees in the country, saying such moves would help counter the effects of an ageing population. The country should also make the most of low borrowing costs to bolster spending on infrastructure, the IMF said in its annual assessment of ... Read More »

IMF urges more spending to boost growth

The International Monetary Fund’s steering committee has urged member countries to boost “growth-friendly” spending to help deal with slowing global growth. The IMF managing director, Christine Lagarde, said that calmer markets since February had reduced the stress level at the IMF and World Bank spring meetings, but the outlook was still fraught with downside risks from weak demand, a potential ... Read More »

IMF countries vow to boost slowing world growth

Key countries in the International Monetary Fund (IMF) have pledged to pursue “growth-friendly” policies to kickstart the slowing world economy. The IMF’s steering committee, made up of 25 of the world’s largest economies, said the global outlook was fraught because of weak trade and a series of risks including a UK exit from the EU. It urged countries to boost ... Read More »