IMF raises India economic outlook, U.S. and global growth lackluster

The IMF said it is optimistic on Chinese consumption returning in the next few years, but falling birth rates will still cause an economic down. Martin Puddy | Photodisc | Getty Images The International Monetary Fund has upgraded its economic forecast for India for 2024, while warning that growth will dip in the following year. … Read more

IMF chief says Europe looks like ‘an ideas supermarket’ for the U.S.

Kristalina Georgieva, chief executive officer of the World Bank Group, arrives to a briefing at the annual meetings of the International Monetary Fund (IMF) and World Bank in Washington, DC, US, on Friday, April 19, 2024. Bloomberg | Bloomberg | Getty Images The head of the International Monetary Fund on Thursday called on Europe to … Read more

Bank of Canada should consider better communication of monetary policy: IMF – National

Descrease article font size Increase article font size The Bank of Canada should consider better communication of its monetary policy intentions, building on the steps it has already taken to improve the transparency of messages it sends to the market, the International Monetary Fund said on Tuesday. The IMF has often suggested improvements to central … Read more

Most worrying economic trend is ‘willy-nilly’ tariff policy: IMF head

The world economy is headed for a soft landing, inflation is going down, and rate cuts are coming, according to Kristalina Georgieva, International Monetary Fund managing director, but she says the rise of trade restrictions, including tariffs, from the world’s largest economies is the “most worrisome” risk to global growth. “Trade is slowing down even … Read more

G7 officials make progress but no final deal on money for Ukraine from frozen Russian assets

Frankfurt: Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a US proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit of national leaders. “We are making … Read more

IMF warns Britain against more pre-election tax cuts

The International Monetary Fund warned Britain’s government on Tuesday that it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future. The IMF increased its projection for British economic growth in 2024 to 0.7% from an April … Read more

Biden’s new China tariff wall faces leakage via Mexico, Vietnam

The Biden administration’s new tariffs on Chinese electric vehicles and other strategic sectors aim to protect the future of U.S. manufacturing, but they will likely accelerate a shift of Chinese production to Mexico, Vietnam and elsewhere to avoid them. U.S. officials and trade experts say that without strong efforts to cut off transshipped or lightly … Read more

U.S. and China trade bloc divisions threaten a ‘reversal’ for global economy

China’s President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders’ Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty Images Differences between U.S.-led Western and China-aligned economic blocs … Read more

Maulana Fazlur Rehman: India Dreaming Of Becoming Superpower, We Are Begging For Bankruptcy: Pakistan Leader

Maulana Fazlur Rehman was speaking in the National Assembly Islamabad: Pakistan’s leading right-wing Islamic leader Maulana Fazlur Rehman on Monday came out in support of his erstwhile rival Pakistan Tehreek-e-Insaf, saying the opposition party has the right to hold rallies and even form a government. Rehman, the chief of his faction of the Jamiat Ulema-e-Islam … Read more

IMF says global debt levels face ‘Great Election Year’ risk

The path towards sustainable government debt levels around the world is under threat this year from the sheer number of elections taking place, the IMF said Wednesday in a new report. “History suggests, and empirical evidence confirms, that governments tend to spend more and or tax less in election year,” Vitor Gaspar, the head of … Read more