China’s economic downturn may help reduce global inflation, says experts

Economy 02/09/22, 20:13

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

Economy 01/27/22, 21:49

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: Coronavirus to drag China GDP growth to 5.6% this year, lowest since 1990

Business 02/24/20, 18:14

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 chief: Trade conflicts threaten fragile world economy

Business 04/12/19, 01:20

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

Business 04/11/19, 10:49

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 forecast: Global growth will weaken this year to 3.3%

Business 04/09/19, 10:17

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

America 03/21/19, 11:23

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

America 11/08/18, 23:16

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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