IMF
China’s economic downturn may help reduce global inflation, says experts
According to the Wall Street Journal, China's economic downturn will likely affect some multinational companies and commodity producers in the coming years, casting doubt over the global economy's recovery from the COVID-19 outbreak. However, economists believe the potential benefit could be a diminished global inflationary pressure. As mentioned in a report ...
IMF cuts China’s growth forecast to 4.8% during 2022
On Tuesday, Jan. 25, the IMF published its World Economic Outlook. The IMF lowered China's growth prediction to 4.8 percent from 5.6 percent, citing pandemic-related disruptions, the country's zero-tolerance stance for Covid-19, and housing-related disruptions. At a Tuesday briefing, Vice Finance Minister Xu Hongcai told reporters that general fiscal expenditure totalled ...
IMF says global economic recovery may be hindered by China’s responses to COVID-19
Kristalina Georgieva, chairman of the International Monetary Fund, is urging Beijing to immediately revise its zero-tolerance policy to the pandemic, warning that it could jeopardize the recovery of the global economy. At a virtual panel at the World Economic Forum, Georgieva said that what "COVID is teaching all of us is ...
Japan Report: The CCP suppresses private enterprises and weakens China’s economic growth
A Japanese think tank has pointed out that the Chinese Communist Party's (CCP) actions to clamp down on private enterprises and other significant industries undermine the Chinese economy's ability to grow. On Dec. 15, the Japan Center for Economic Research (JCER) released the seventh issue of the Asia Medium-Term Economic Outlook ...
IMF directors to accelerate investigation into Managing Director Kristalina Georgieva
Broad directors of the International Monetary Fund are working with a law firm with its probe on the now Managing Director Kristalina Georgieva over ethical conduct back when she worked for World Bank. Law firm WilmerHale last month said it found ample evidence that Kristalina Georgieva, then-Chief Executive of World Bank, ...
IMF predicts worst economic downturn since Great Depression due to great lockdown
The global economy this year is expected to experience the worst recession since the 1930s due to the CCP Virus pandemic, the International Monetary Fund (IMF) said in its latest forecast released on Tuesday, April 14. In the April World Economic Outlook, IMF projects the global growth would fall to -3% in 2020, contrary to ...
IMF: Coronavirus to drag China GDP growth to 5.6% this year, lowest since 1990
China’s economy has been seriously affected by the novel coronavirus, prompting the International Monetary Fund (IMF) to downgrade its forecast for the world’s second largest economy to the lowest growth in several decades. During the meeting of the G-20 finance ministers and central bank governors in Riyadh, Saudi Arabia, on Saturday, ...
IMF: US sanctions cutting Iranian growth, boosting inflation
Report comes as Iran's foreign minister accused the US of seeking overthrow of its government, which US national security adviser Boston calls 'completely ridiculous'
IMF chief: Trade conflicts threaten fragile world economy
With global growth slowing and many countries struggling with high debts, now is not the time for the "self-inflicted" economic wound of trade wars, the head of the International Monetary Fund is warning. "The key is to avoid the wrong policies, and this is especially the case for trade," IMF Managing ...
Top IMF official warns global economy facing various threats
The head of the 189-nation International Monetary Fund says the world is facing a time of high uncertainty with 70 percent of the global economy caught in a growth slowdown that could be worsened by self-inflicted wounds such as unnecessary trade battles. IMF Managing Director Christine Lagarde says that while her ...
IMF encourages tackling corruption to promote growth
Report cites effects of corruption dragging down economies
IMF forecast: Global growth will weaken this year to 3.3%
The International Monetary Fund on Tuesday downgraded its outlook for growth in the United States, Europe, Japan and the overall global economy and pointed to heightened trade tensions as a key reason. The IMF expects the world economy to grow 3.3% this year, down from 3.6% in 2018. That would match ...
Update: IMF says it’s not ready to recognize Guaido
The Latest on the political crisis in Venezuela (all times local): 12:15 p.m. The International Monetary Fund says it's not ready to make a determination on recognizing opposition leader Juan Guaido as president of Venezuela. This photo shows a bedroom in the home of Venezuelan lawyer Roberto Marrero that was left in disarray ...
3 Million Venezuelans Have Fled the Country
The number of refugees and migrants fleeing Venezuela amid the country’s severe economic downfall has now reached 3 million, the United Nations refugee agency announced Thursday, the most since 2015. Data from national immigration authorities revealed surrounding countries in Latin America and the Caribbean have taken in nearly 2.4 million Venezuelans as ...
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