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The IMF thinks we may actually skirt a recession. It is also surprisingly upbeat about Russia's economy.
It expects the world economy to grow by 2.9% in 2023 — higher than its October forecast— thanks to …
Huileng Tan
IMF boss Georgieva says the US will narrowly avoid recession and the Fed needs to stay the course on hiking interest rates
The US is likely to narrowly avoid falling into a recession, and there's a chance the Fed can nail …
Zinya Salfiti
US stocks rise amid earnings, fresh Fed comments on rates
The S&P 500 is closing in on 5,000 for the first time ever. Stocks rose as traders digest earnings …
Jennifer Sor
IMF 'encourages' India to remove rice export restrictions
The International Monetary Fund has said it would "encourage" India to remove restrictions on expor…
PTI
6 Fed rate cuts in a soft-landing scenario are a 'pipe dream,' Harvard economist says
"If we get a deep recession, definitely it could happen, they will cut rates a lot, not six times, …
Aruni Soni
From interest rates to China's slowdown, these are the issues that will make 2024 another 'rocky year,' Harvard economist says
"Don't be surprised if 2024 turns out to be a rocky year for everyone," Kenneth Rogoff wrote for Pr…
Filip De Mott
A Russian gas cutoff would send Europe into recession unless nations around the world pooled their dwindling supplies together, IMF says
Under a best-case scenario, the EU's economy would contract by 0.4%, but shrink by more than 2% in …
Phil Rosen
US inflation hasn't 'turned the corner yet' so the Fed should stick with interest-rate hikes, a top IMF official says
Gita Gopinath, a top IMF official, told the FT the Fed should pursue its interest rate hikes until …
Zahra Tayeb
It's only going to get tougher for global growth this year as economies navigate 'very choppy waters', IMF chief says
"It's going to be a tough '22, but maybe even a tougher 2023," IMF boss Kristalina Georgieva told R…
Zahra Tayeb
IMF hints at improved global GDP forecast but warns of 'difficult climb' ahead
The use of unprecedented fiscal aid will bring the global public debt balance to a record-high 100%…
Ben Winck
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
The British pound falls again after the IMF's stinging attack on the UK's $48 billion tax-cutting plan
"Given elevated inflation pressures in many countries, including the UK, we do not recommend large …
George Glover
Argentina devalues the peso by 54% as it kicks off radical economic reform plan
President Milei is rolling out shock measures for the economy, including cratering the value of the…
Phil Rosen
China's property sector is facing massive risks and authorities must meet it with 'forceful action', IMF says
Beijing has to ensure that troubled developers don't create risks for the financial system, the IMF…
Phil Rosen
The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery
The UK economy could see "a spike initially, and then going forward, I think we could end up with s…
Shalini Nagarajan
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
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
The dollar's dominance is shrinking — and it's the krona and the won that are replacing it in reserves, the IMF says
The dollar's dominance is eroding as central bank reserve managers increasingly seek to diversify t…
Zahra Tayeb
IMF chief economist says June's economic growth projections will be 'very likely worse' than April's
The chief economist also warned of how a revived US-China trade war could add a new set of risks ev…
Ben Winck
Harvard economist Kenneth Rogoff says beating US inflation might require a 6% interest rate - and a severe recession is looming
A long and painful economic downturn is a real risk as the Fed continues to hike rates and overseas…