Yellen says US economy ‘resilient’ amid global headwinds
2 years, 2 months ago

Yellen says US economy ‘resilient’ amid global headwinds

Associated Press  

WASHINGTON — U.S. Treasury Secretary Janet Yellen sought Wednesday to project confidence in the U.S. financial outlook while pledging vigilance in responding to “risks on the horizon.” She is offering that message as global finance leaders gather in Washington to discuss the increasingly dismal view of the global economy. “Our economy remains resilient in the face of global economic headwinds,” Yellen said at a meeting on the sidelines of this week’s annual meetings of the International Monetary Fund and its sister lending agency, the World Bank. Her remarks to the Bretton Woods Committee’s International Council crediting President Joe Biden’s domestic policies for contributing to U.S. economic strength came as administration officials try to talk up the president’s policies ahead of midterm elections. Vitor Gaspar, director of the IMF’s Fiscal Affairs Department said Wednesday that world leaders need to “be prepared for a shock-prone world.” Yellen, a former U.S. Federal Reserve chair, said the Biden administration is “committed to working with our partners to build greater resilience, in America and globally, to the types of shocks we’ve seen.” “We are highly attuned to the risks on the horizon,” Yellen said.

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History of this topic

Brace! Risks stack up for the global economy in 2025
2 weeks, 3 days ago

Brace! Risks stack up for the global economy in 2025

Live Mint  

By Mark John - No sooner had the global economy started to put the aftermath of the COVID-19 pandemic behind it than a whole new set of challenges opened up for 2025. In 2024, the world's central banks were finally able to start lowering interest rates after largely winning the battle against inflation without sparking a global recession. Stocks hit …

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says
1 month ago

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says

Live Mint  

The global economy is set to grow at slightly a faster pace next year as inflation continues to cool, but could falter if tariffs rise and governments fail to narrow wide budget deficits, the Organization for Economic Cooperation and Development said Wednesday. “Growth continues to be resilient," said Alvaro Pereira, the OECD’s chief economist, in an interview with The Wall …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
2 months, 2 weeks ago

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections

China Daily  

The International Monetary Fund (IMF) has downgraded its global growth projections for 2024, with a revised forecast of 3.2 percent for this year and 4.5 percent for 2025. The IMF warns about the global economic outlook, highlighting geopolitical risks, trade protectionism, and challenges in the real estate sector.

IMF's economic view: A brighter outlook for US but still-tepid global growth
2 months, 2 weeks ago

IMF's economic view: A brighter outlook for US but still-tepid global growth

The Independent  

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Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders
2 months, 2 weeks ago

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

The Independent  

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IMF Warns of $100 Trillion Fiscal Timebomb, as Global Finance Chiefs Brace for Election Fallout
2 months, 3 weeks ago

IMF Warns of $100 Trillion Fiscal Timebomb, as Global Finance Chiefs Brace for Election Fallout

Live Mint  

The article highlights the increasing concerns about global debt levels and the potential impact on the world economy. The IMF is set to release several reports and studies in the coming weeks, including the Fiscal Monitor, which will provide insights into public debt and the overall health of the global economy. The article also focuses on central bank decisions in …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
5 months, 3 weeks ago

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation

ABC  

The message seems to have been lost in all the noise. The biggest risk is that higher American interest rates "disrupt capital flows and impede planned monetary policy easing, which could adversely impact growth". Even worse, "persistently high interest rates could raise borrowing costs further and affect financial stability if fiscal improvements do not offset higher real rates amid lower …

Interest rate cuts under threat from ‘stubbornly high inflation’
5 months, 3 weeks ago

Interest rate cuts under threat from ‘stubbornly high inflation’

The Telegraph  

Interest rate cuts by the Bank of England and Federal Reserve are at risk of being derailed by stubbornly high inflation, the International Monetary Fund has warned. Pierre Olivier Gourinchas, the IMF’s chief economist, warned that underlying inflation remained “persistent”, with global growth likely to suffer if the US keeps borrowing costs at their highest level since 2001. Speaking at …

Financial stability challenges need to be discussed, IMF MD echoes RBI governor
7 months ago

Financial stability challenges need to be discussed, IMF MD echoes RBI governor

Hindustan Times  

Echoing the sentiment expressed by Reserve Bank of India Governor Shaktikanta Das, Kristalina Georgieva, Managing Director, International Monetary Fund, underscored the need to discuss the financial stability challenges in a separate discussion in Washington D.C. Kristalina Georgieva, managing director of the International Monetary Fund. She underscored the challenges posed to the financial sector due to the introduction of new technologies …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
7 months ago

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades

Firstpost  

“In India, the outlook is for GDP growth to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025, because pent-up demand accumulated during the pandemic has been exhausted” the IMF said in the World Economic Outlook The IMF on Tuesday said India's GDP would grow 7% in 2024-25. India’s GDP …

Sobering assessment: On the IMF forecast, World Bank report
8 months, 2 weeks ago

Sobering assessment: On the IMF forecast, World Bank report

The Hindu  

The global economy has avoided the spectre of a debilitating recession, with the IMF last week raising its forecast for worldwide aggregate growth in 2024 to 3.2%, from the 2.9% it had projected in October. The IMF has underlined the fact that the global economy has, with surprising resilience, ridden out several adverse shocks as well as ‘significant central bank …

Debt, fiscal challenges facing low-income countries worry IMF
8 months, 3 weeks ago

Debt, fiscal challenges facing low-income countries worry IMF

The Hindu  

Shareholders of the International Monetary Fund agreed on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on April 19. Impact of high debt levels on low-income countries Ms. Georgieva, in a meeting of the Global Sovereign Debt Roundtable hosted by the IMF and the World …

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies
8 months, 3 weeks ago

IMF’s Georgieva says there’s ‘plenty to worry about’ despite recovery for many economies

Associated Press  

WASHINGTON — The head of the International Monetary Fund said Thursday that the world economy has proven surprisingly resilient in the face of higher interest rates and the shock of war in Ukraine and Gaza, but “there is plenty to worry about,’' including stubborn inflation and rising levels of government debt. In the United States, she said, “the flipside’’ of …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
8 months, 3 weeks ago

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF

Hindustan Times  

US has a 2x rate of GDP growth relative to any other G7 country this year, as per International Monetary Fund projections, while its economy gains the upper hand globally, creating wild market swings by itself. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas holds the IMF's World Economic Outlook during a press briefing at the IMF-World Bank Group spring meetings …

IMF: Outlook for world economy is brighter, though still modest by historical standards
8 months, 3 weeks ago

IMF: Outlook for world economy is brighter, though still modest by historical standards

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the global economy this year, saying the world appears headed for a “soft landing” — reining in inflation without much economic pain and producing steady if modest growth. In its latest outlook, the IMF, a 190-country lending organization, notes that the global expansion is being powered by unexpectedly strong …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
8 months, 4 weeks ago

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls

Associated Press  

WASHINGTON — Strong economic activity in the United States and emerging markets is projected to help drive global growth by about 3% this year, the International Monetary Fund’s chief said Thursday, below the annual historic average and a warning sign about potential lackluster performances through the 2020s. “Without a course correction, we are indeed heading for ‘the Tepid Twenties’ -– …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
11 months, 1 week ago

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation

Associated Press  

WASHINGTON — The International Monetary Fund has upgraded its outlook for the world economy this year, envisioning resilient growth led by the United States and a slower pace of inflation. But Gourinchas said that for now, the Red Sea disruptions don’t seem to be “a major source of reigniting supply side inflation,” which arose from far more severe shipping backlogs …

Global economy will slow for a third straight year in 2024, World Bank predicts
1 year ago

Global economy will slow for a third straight year in 2024, World Bank predicts

Associated Press  

WASHINGTON — Hobbled by high interest rates, persistent inflation, slumping trade and a diminished China, the global economy will slow for a third consecutive year in 2024. “Near-term growth will remain weak, leaving many developing countries — especially the poorest — stuck in a trap: with paralyzing levels of debt and tenuous access to food for nearly one out of …

The world economy will slow next year because of inflation, high rates and war, OECD says
1 year, 1 month ago

The world economy will slow next year because of inflation, high rates and war, OECD says

Associated Press  

WASHINGTON — The global economy, which has proved surprisingly resilient this year, is expected to falter next year under the strain of wars, still-elevated inflation and continued high interest rates. China’s “consumption growth will likely remain subdued due to increased precautionary savings, gloomier prospects for employment creation and heightened uncertainty,″ the OECD said. The world economy has endured one shock …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 2 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

Associated Press  

DUBAI, United Arab Emirates — Middle East economies are gradually recovering as external shocks from the war in Ukraine and global inflation fade, the International Monetary Fund said Thursday, but the escalating war between Israel and the Hamas militant group could dampen the outlook. The IMF expects economic growth to slow to 2% this year in the Middle East and …

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks
1 year, 2 months ago

IMF sees economic growth in the Mideast improving next year. But the Israel-Hamas war poses risks

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IMF expects economic growth to slow to 2% …

Biden borrowing binge driving ‘unsustainable’ rise in global debts, warns IMF
1 year, 2 months ago

Biden borrowing binge driving ‘unsustainable’ rise in global debts, warns IMF

The Telegraph  

Janet Yellen, the US Treasury Secretary, has insisted that interest payments on the country’s mammoth borrowing pile remain sustainable. However, the US Congressional Budget Office warned this summer that rising US debt posed “significant risks to fiscal and economic outlook” and could also “cause lawmakers to feel more constrained in their policy choices”. The IMF said politicians around the world …

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy
1 year, 2 months ago

Amid Israel-Hamas conflict, IMF outlook worsens for a 'limping' world economy

Hindustan Times  

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. “The global economy is limping along, not sprinting," IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the …

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty
1 year, 2 months ago

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty

Associated Press  

The world economy has lost momentum from the impact of higher interest rates, the invasion of Ukraine and widening geopolitical rifts, and it now faces new uncertainty from the war between Israel and Hamas militants, International Monetary Fund warned Tuesday. “The global economy is limping along, not sprinting,” IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the …

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge
1 year, 3 months ago

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge

LA Times  

The International Monetary Fund and World Bank are holding their annual meetings in Marrakech, Morocco. “The global economy is limping along, not sprinting,” IMF chief economist Pierre-Olivier Gourinchas said at a news conference during the organization’s annual meeting, which is being held in Marrakech, Morocco. It’s “too early” to assess the impact on global economic growth from the days-old war …

IMF chief says the global economy has shown resilience in the face of COVID, war and high rates
1 year, 3 months ago

IMF chief says the global economy has shown resilience in the face of COVID, war and high rates

Associated Press  

WASHINGTON — The global economy has shown “remarkable resilience’’ but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates, the head of the International Monetary Fund said Thursday. “While the recovery from the shocks of the past few years continues, it is slow and it is uneven,’’ IMF Managing Director Kristalina Georgieva said …

IMF chief says the global economy has show resilience in the face of COVID, war and high rates
1 year, 3 months ago

IMF chief says the global economy has show resilience in the face of COVID, war and high rates

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

U.S. Treasury Secretary Yellen says she will press for IMF, World Bank resources at G-20 summit
1 year, 4 months ago

U.S. Treasury Secretary Yellen says she will press for IMF, World Bank resources at G-20 summit

The Hindu  

U.S. Treasury Secretary Janet Yellen said on September 8 she will work at the G-20 summit in India to build support to increase lending resources for the International Monetary Fund and the World Bank to help member countries deal with multiple global challenges, including new IMF quota resources. Ms. Yellen said in prepared remarks at a news conference in New …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 5 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

Associated Press  

WASHINGTON — Global growth will see a slight improvement compared to previous International Monetary Fund projections but “many challenges still cloud the horizon, and it is too early to celebrate,” the organization’s chief economist said Tuesday. IMF economist Pierre-Olivier Gourinchas gave his assessment as the organization projected that global economic growth will slow to an estimated 3% in 2023 and …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 5 months ago

IMF global economic outlook sees slight growth, but inflation still a drag

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Global growth will see a …

Unclear and present dangers: market predictions for the near future
1 year, 6 months ago

Unclear and present dangers: market predictions for the near future

The Independent  

This being the time of year when teachers prepare their reports and make predictions, I thought it might be worth doing the same for the markets. Some 56 per cent of respondents expect a global recession and unemployment in the US – always an underlying economic health barometer – to climb. They remain, “highly ambivalent about the prospects for the …

Yellen is attending talks in Paris on debt relief for low-income nations
1 year, 6 months ago

Yellen is attending talks in Paris on debt relief for low-income nations

NPR  

Yellen is attending talks in Paris on debt relief for low-income nations NPR's A Martínez talks to Treasury Secretary Janet Yellen who says she wants the World Bank to help — especially help for those countries dealing with climate change disasters. A MARTÍNEZ, HOST: U.S. Treasury Secretary Janet Yellen is in Paris this week, meeting with world leaders to try …

Ukraine’s economy shows ‘resilience’ from Russian attacks, IMF says as it backs aid
1 year, 7 months ago

Ukraine’s economy shows ‘resilience’ from Russian attacks, IMF says as it backs aid

Associated Press  

FRANKFURT, Germany — Ukraine’s economy is showing “remarkable resilience” following Russian attacks on its electricity infrastructure, officials from the International Monetary Fund said Tuesday as they signed off on an initial loan of $900 million and raised their estimate for the country’s economic growth. But he warned that the economic outlook faces “exceptionally high risks.” “Through the winter, Ukraine faced …

IMF no longer expects UK recession this year
1 year, 7 months ago

IMF no longer expects UK recession this year

CNN  

London CNN — The United Kingdom will not, after all, be the worst-performing rich economy this year, the International Monetary Fund said Tuesday, announcing a major revision to its previous gloomy forecast. The forecast reflected “higher-than-expected” resilience in demand helped by strong wage growth, improved confidence and falling energy prices, the IMF added. While previously the IMF saw UK GDP …

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes
1 year, 7 months ago

Europe’s economic outlook brightens a little after avoiding recession. But inflation still squeezes

Associated Press  

FRANKFURT, Germany — The European Union’s executive body raised its economic growth forecast, saying Europe had dodged a winter recession that was feared amid an energy crisis but warning that stubbornly high inflation is likely to keep hurting the economy by sapping people’s ability to spend. The outlook for the 20 countries using the euro currency improved to growth of …

IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks
1 year, 8 months ago

IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks

Firstpost  

The IMF expects growth in the Asia-Pacific region’s economy at 4.6 per cent this year, up 0.3 points from its October forecast and faster than a 3.8 per cent rise in 2022 Washington: According to senior International Monetary Fund official Krishna Srinivasan, Asian central banks may need to maintain monetary policy “tighter for longer” to tackle the region’s persistently high …

UK to be worst-performing economy in G7 this year, IMF warns
1 year, 8 months ago

UK to be worst-performing economy in G7 this year, IMF warns

The Independent  

Britain is on course for the worst economic performance of any country in the G7, the International Monetary Fund has predicted, as it warned of more turmoil in a “fragile” global financial system. “Notably, emerging market and developing economies are already powering ahead in many cases, with growth rates jumping from 2.8 per cent in 2022 to 4.5 per cent …

IMF: Prolonged high inflation dims outlook for world economy
1 year, 8 months ago

IMF: Prolonged high inflation dims outlook for world economy

Associated Press  

WASHINGTON — The outlook for the world economy this year has dimmed in the face of chronically high inflation, rising interest rates and uncertainties resulting from the collapse of two big American banks. The fund said the possibility of a “hard landing,” in which rising interest rates weaken growth so much as to cause a recession, has ”risen sharply,” especially …

IMF: Prolonged high inflation dims outlook for world economy
1 year, 8 months ago

IMF: Prolonged high inflation dims outlook for world economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The outlook for the world …

Britain to remain world’s worst-performing large economy in 2023
1 year, 8 months ago

Britain to remain world’s worst-performing large economy in 2023

The Telegraph  

Britain will still be the worst-performing large economy in the world this year, even after a significant upgrade in its forecasts, according to the International Monetary Fund. It means that the UK will remain the world’s worst-performing large economy: in Russia, which has been targeted by wide-ranging sanctions from Europe and the US in the wake of the Ukraine war, …

India one of the bright spots in crisis-ridden world economy: IMF chief
1 year, 9 months ago

India one of the bright spots in crisis-ridden world economy: IMF chief

India TV News  

International Monetary Fund managing director Kristalina Georgiva has said that India and China are predicted to contribute for half of global growth in 2023. According to the IMF’s chief, this is “our lowest medium-term growth prediction since 1990, and significantly below the two-decade average of 3.8 percent”. Georgieva remarked that while the global banking system has “come a long way," …

India, China to account for half of global economic growth this year: IMF
1 year, 9 months ago

India, China to account for half of global economic growth this year: IMF

India Today  

India and China are expected to account for half of the global economic growth this year, International Monetary Fund managing director Kristalina Georgieva said on Thursday. "The period of slower economic activity will be prolonged, with the next five years witnessing less than 3% growth, our lowest medium-term growth forecast since 1990, and well below the average of 3.8% from …

IMF chief warns of a gloomy growth scenario
1 year, 9 months ago

IMF chief warns of a gloomy growth scenario

Hindustan Times  

Delivering a gloomy warning ahead of the spring meetings of the International Monetary Fund and World Bank, \, IMF’s managing director, said on Thursday that global growth dropped by half in 2022 and it will hover around 3% for the next five years, the lowest medium-term growth forecast since 1990. International Monetary Fund Managing Director Kristalina Georgieva poses for a …

IMF chief warns of a gloomy growth scenario
1 year, 9 months ago

IMF chief warns of a gloomy growth scenario

Hindustan Times  

Delivering a gloomy warning ahead of the spring meetings of the International Monetary Fund and World Bank, \, IMF’s managing director, said on Thursday that global growth dropped by half in 2022 and it will hover around 3% for the next five years, the lowest medium-term growth forecast since 1990. International Monetary Fund Managing Director Kristalina Georgieva poses for a …

IMF head expects less than 3% global economic growth in 2023
1 year, 9 months ago

IMF head expects less than 3% global economic growth in 2023

Associated Press  

WASHINGTON — The International Monetary Fund chief said Thursday the world economy is expected to grow less than 3% this year, down from 3.4% last year, increasing the risk of hunger and poverty globally. Kristalina Georgieva said the period of slower economic activity will be prolonged, with the next five years of growth remaining around 3%, calling it “our lowest …

Risk of hunger, poverty higher due to slow economic growth: IMF
1 year, 9 months ago

Risk of hunger, poverty higher due to slow economic growth: IMF

Al Jazeera  

IMF head said persistently high interest rates, a series of bank failures in the US and Europe, and deepening geopolitical divisions are threatening global financial stability. Kristalina Georgieva said on Thursday that growth is expected to remain about 3 percent for the next five years, calling it “our lowest medium-term growth forecast since 1990”, adding that it would be a …

US-China conflict could hit global GDP, IMF warns
1 year, 9 months ago

US-China conflict could hit global GDP, IMF warns

Live Mint  

Geopolitical fragmentation, driven by tensions between the US and China, risks damaging the global economy, with foreign direct investment and other capital increasingly being channeled toward aligned blocs of countries, the International Monetary Fund warns. The investment risk outlook is among the IMF’s loudest warnings since the coronavirus pandemic regarding global economic damage, particularly to poorer countries, from the US-China …

Global growth slowing to below 3% due to Ukraine war: IMF chief
1 year, 9 months ago

Global growth slowing to below 3% due to Ukraine war: IMF chief

Hindustan Times  

International Monetary Fund chief Kristalina Georgieva warned on Sunday that risks to financial stability had increased and stressed "the need for vigilance" following the recent turmoil in the banking sector. Speaking at a forum in Beijing, the IMF managing director said she expected 2023 "to be another challenging year", with global growth slowing to below 3.0 percent due the war …

China to lift global growth amid uncertainty, IMF head says
1 year, 9 months ago

China to lift global growth amid uncertainty, IMF head says

China Daily  

Kristalina Georgieva, managing director of the International Monetary Fund, speaks at the China Development Forum 2023 in Beijing on March 26, 2023. China's economy is experiencing a strong rebound that will deliver a welcome lift to the world economy, contributing about one-third of global growth in 2023, said Kristalina Georgieva, managing director of the International Monetary Fund. It is advisable …

OECD raises 2023 global GDP growth forecast to 2.6%
1 year, 9 months ago

OECD raises 2023 global GDP growth forecast to 2.6%

The Hindu  

The Organisation for Economic Co-operation and Development raised its global economic growth forecast on Friday as inflation eases and China emerges from COVID restrictions, but warned of vulnerabilities as seen in the US bank sector turmoil. But it remains under the 3.2% expansion seen in 2022, the Paris-based OECD said in its updated economic outlook titled “A Fragile Recovery”. 🔴 …

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