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3 mins read
IMF lowers India's GDP growth projections to 5.9% for FY24
The International Monetary Fund (IMF) in its flagship World Economic Outlook projected that India w…
ANI
3 mins read
India is a bright light economy, but key structural reforms needed for $10 trillion GDP: IMF chief economist
India has emerged as "a bright light" at a time when the world is facing imminent prospects of a re…
PTI
2 mins read
IMF sees India as 'bright spot' in global economy, says PM Modi
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "…
PTI
2 mins read
IMF warns a disconnect between financial markets and economies threatens a correction in risk assets
A second wave of coronavirus cases, additional lockdowns, and a resurgence of trade tensions all po…
Carmen Reinicke
2 mins read
IMF downgrades 2023 global growth forecast to 2.7%
The International Monetary Fund (IMF) has projected the global economy to grow by 3.2 per cent in 2…
2 mins read
Banking isn't in a crisis - and the sector's challenges will help the Fed to fight inflation, IMF chief says
The banking industry's recent turmoil may tighten credit conditions, helping the Federal Reserve to…
George Glover
1 min read
China will become the global economy's biggest growth driver in the next 5 years, doubling the US contribution, IMF says
Brazil, Russia, India, and China together are expected to contribute nearly 40% of the world's grow…
Phil Rosen
2 mins read
Recession fears mount as UK GDP falls 0.3% in Aug
The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per c…
2 mins read
ECB chief Christine Lagarde warned of a 15% plunge in Europe's economy during the coming coronavirus recession
Eurozone leaders have already announced a stimulus package of more than 500 billion euros to protec…
Shalini Nagarajan
1 min read
Oil is on course for its best month since Russia invaded Ukraine as recession fears die down and Saudi Arabia cuts supply
Optimism around global growth has helped fuel the rally and supply cuts by the OPEC+ leader have sq…
George Glover
3 mins read
IMF chief says its forecast that 170 global economies will shrink may be too optimistic
The coronavirus's path remains "a big unknown," and a resurgence in 2021 could leave economies stru…
Ben Winck
3 mins read
The IMF now sees an even deeper global recession as economies struggle to recover from COVID-19
"The COVID-19 pandemic has had a more negative impact on activity in the first half of 2020 than an…
Carmen Reinicke
3 mins read
IMF slashes India's growth forecast by 0.8 percentage points to 7.4 per cent for 2022
The 2022 cut for India "reflects mainly less favorable external conditions and more rapid policy ti…
1 min read
The IMF is about to slash its global growth forecast for the 2nd time in 3 months as high inflation, China lockdowns, and war in Ukraine hammer economies
World leaders need to unite and foster closer ties to boost global economic growth, the IMF's Krist…
Brian Evans
3 mins read
Gold set to shine bright in 2023 as world heads towards recession
Economic weakness usually bodes well for gold, as it is seen as a good hedge against risk. Amid all…
2 mins read
Russia's war in Ukraine is the biggest culprit pulling the global economy into a downturn, IMF chief says
The fallout from the Ukraine conflict has been "the single most important negative factor" for the …
George Glover
3 mins read
Globalized inflation is a threat to global economy itself, says RBI guv Das
RBI governor Shaktikanta Das sounded a cautionary note for the global economy, underlining that glo…
1 min read
Oil prices will trade above $100 in 2023 unless there's a deepening recession or easing of Russia's war in Ukraine, BofA says
"The difference now compared to previous recessionary environments is that the pullback in demand h…
Phil Rosen
2 mins read
Central banks need to push back against investor optimism to ensure price stability, IMF says, even if that means declines in stocks
The lender said policymakers needed to brace themselves against investor expectations that rates wo…
Ryan Hogg
2 mins read
IMF warns the looming coronavirus recession will be at least as bad as the Global Financial Crisis
Georgieva also noted that major central banks have initiated bilateral swap lines with emerging mar…