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Fragmentation can cost 7% of the global GDP, will face risk if we don't unite now: IMF chief

Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fra…

PTI   


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3 mins read

RBI rate hikes will contain inflation says MPC member Ashima Goyal

RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the R…

PTI   


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2 mins read

IMF warns of an increased risk of recession in the next 12 months, says the global economy has 'darkened significantly'

The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hun…

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2 mins read

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   


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Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell says

On changes in the labor market, Powell said "it's important to remember we are not going back to th…

Ben Winck   


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The IMF lifts its global growth forecast with vaccination and stimulus likely to be a shot in the arm

Stimulus and essential workers helped the world avoid a recession that would've been "at least thre…

Ben Winck   


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Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says

"Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up," Kristalina Ge…

Filip De Mott   


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IMF chief economist Gita Gopinath to resign and return to Harvard University

The 49-year-old prominent Indian-American economist had joined the International Monetary Fund (…

PTI   


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Russia's war spending and labor exodus are bringing back a Soviet Union economy, IMF official says

"That is pretty much what the Soviet Union used to look like," Kristalina Georgieva told CNBC. "Hig…

Filip De Mott   


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1 min read

AI will be bad news for plenty of workers, warns IMF chief

Kristalina Georgieva told the World Economic Forum in Davos about the risks of AI, which could also…

George Glover   


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2 mins read

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   


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4 mins read

A bigger war in Israel would send oil prices skyrocketing and hurt the economy's chances of avoiding a recession

There are growing fears that the war in Israel will escalate and the US and Iran get more involved.

Cork Gaines   


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IMF chief warns of risk of geopolitical fragmentation

There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative…