Risk of hunger, poverty higher due to slow economic growth: IMF
1 year, 8 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 “severe blow” making it even harder for low-income nations to catch up. The 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. Georgieva said that countries have thus far been “resilient climbers” out of the coronavirus pandemic, which has killed almost 6.9 million people globally, disrupted global supply chains and exacerbated worldwide food insecurity.

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History of this topic

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

US Economy Booms, Outperforming Global Leaders
2 months ago

US Economy Booms, Outperforming Global Leaders

Live Mint  

The U.S. economy is leading the world in terms of productivity and wages, with a surge in investment boosting output and wages. The IMF projects U.S. gross domestic product to expand 2.5% in the fourth quarter, higher than the previous July forecast, while global output is projected to grow 3.3%. The U.S. is also expected to grow faster than all …

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

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

The Independent  

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IMF praises China for its resilient growth
4 months, 2 weeks ago

IMF praises China for its resilient growth

China Daily  

The International Monetary Fund welcomes China's "resilient economic growth and the post-pandemic recovery in private consumption", according to a new report. Driven by China's strong economic data from the first quarter, the IMF increased its forecast for the nation's annual economic growth to 5 percent this year, an upward revision of 0.4 percentage points compared with the projections released in …

Strong consumption, exports spur IMF's brighter outlook for nation
5 months ago

Strong consumption, exports spur IMF's brighter outlook for nation

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. Jean-Marc Natal, deputy chief of the World Economic Studies Division at IMF's Research Department, said at the briefing that one of the reasons for the upward revision "is that we expect that the new …

IMF boosts China's growth outlook to 5 percent for year
5 months, 1 week ago

IMF boosts China's growth outlook to 5 percent for year

China Daily  

Workers assemble doors for new energy vehicles at the Dayun New Energy Vehicle Production Base in Yuncheng, Shanxi province, on Jan 25, 2024. The International Monetary Fund raised its forecasts for China's economic growth to 5 percent this year and 4.5 percent next year, according to its July 2024 World Economic Outlook Update released on Tuesday. Pierre-Olivier Gourinchas, the IMF's …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
5 months, 1 week 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, 1 week 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
6 months, 2 weeks 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
6 months, 2 weeks 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 …

Policy and resilience raise confidence in stable economic growth this year
6 months, 3 weeks ago

Policy and resilience raise confidence in stable economic growth this year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. The International Monetary Fund has raised its forecast for China's economic growth for 2024 to 5.0 percent from the previous 4.6 percent. The IMF also raised its forecast for China's economic growth to 4.5 percent for next year, up 0.4 percentage points compared with its April projection. …

Sobering assessment: On the IMF forecast, World Bank report
8 months 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 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 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, 1 week 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, 1 week 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, 1 week 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 more pessimistic about Dutch economy as growth stalls and risks remain
10 months, 2 weeks ago

IMF more pessimistic about Dutch economy as growth stalls and risks remain

NL Times  

Optimism for the Dutch economic recovery took a hit today as the International Monetary Fund painted a cautious picture, highlighting significant risks and demanding immediate fiscal prudence. “Real GDP growth is projected to increase from 0.1 in 2023 to 0.6 and 1.3 percent in 2024 and 2025, respectively, largely driven by improved household purchasing power from lower inflation and stronger …

IMF raises growth forecast for global economy
10 months, 3 weeks ago

IMF raises growth forecast for global economy

Firstpost  

The two biggest economies in the world, China and the United States, have improved economic prospects, according to the International Monetary Fund, which raised its prediction for global growth on Tuesday. Although a “soft landing” appeared to be imminent, according to the IMF’s most recent World Economic Outlook, head economist Pierre-Olivier Gourinchas noted that global trade and overall GDP were …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
10 months, 3 weeks 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 …

Cash-strapped Pakistan will need more IMF loans, says finance minister
1 year, 1 month ago

Cash-strapped Pakistan will need more IMF loans, says finance minister

Firstpost  

Cash-strapped Pakistan’s economy has been in a free fall mode for the last many years, bringing untold pressure on the poor masses in the form of unchecked inflation, making it almost impossible for a vast number of people to make ends meet. Akhtar said her priority was to immediately start working on the last USD 1.1 billion tranche under the …

IMF: Neighboring economies likely hit by Israel-Hamas war
1 year, 1 month ago

IMF: Neighboring economies likely hit by Israel-Hamas war

CNN  

London CNN — The Israel-Hamas war is likely tohurt other economies in the Middle East, including Egypt, Lebanon and Jordan, International Monetary Fund managing director Kristalina Georgieva said Wednesday. While Wall Street has largely brushed off the war, the United Nations Conference on Trade and Development warned Wednesday of dire consequences for the already hobbled “Palestinian economy,” referring to Gaza …

Asian economies under cosh as China's property woes bite: IMF
1 year, 2 months ago

Asian economies under cosh as China's property woes bite: IMF

Firstpost  

Meanwhile, the strength of the U.S. economy has offered less support to Asia than in the past because it has been focused on the service sector, which does not fuel demand for exports, the Fund said in a blog on the region’s outlook. China’s weak recovery and the risk of a more protracted property crisis could further dent Asia’s economic …

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 projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023
1 year, 2 months ago

IMF projects faster economic growth for Pakistan; sets growth rate at 2.5 per cent for 2023

Firstpost  

The International Monetary Fund’s World Economic Outlook for October, released on Tuesday, forecasts a growth of 2.5 per cent for the country’s economy in the current year, doubling to 5 per cent in the next fiscal year The IMF expects Pakistan’s economy to perform better in the current and next fiscal years compared to other multilateral agencies’ projections despite the …

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 …

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap
1 year, 2 months ago

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap

The Telegraph  

The accuracy of the International Monetary Fund’s forecasts has come under greater scrutiny than ever after it published gloomy predictions that analysts warned were already out of date. The Fund claimed Britain’s economy will be the worst performing in the G7 next year, posing a potential headache for Rishi Sunak as he fights the next general election. The latest predictions …

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge
1 year, 2 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, 2 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, 2 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 {{ …

Pakistan: 95 million people living under poverty as living standards fall, reveals World Bank
1 year, 3 months ago

Pakistan: 95 million people living under poverty as living standards fall, reveals World Bank

India TV News  

The World Bank has revealed that poverty in the cash-strapped Pakistan has risen by 39.4% since the last fiscal year, pushing an additional 12.5 million people below the poverty line. In its draft policy notes prepared with the help of all stakeholders for Pakistan's next government, the World Bank said that an additional 12.5 million people have been pushed into …

IMF global economic outlook sees slight growth, but inflation still a drag
1 year, 4 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 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 …

ECONOMIC PERSPECTIVES | No concrete outcomes at IMF and World Bank Spring Meetings
1 year, 7 months ago

ECONOMIC PERSPECTIVES | No concrete outcomes at IMF and World Bank Spring Meetings

The Hindu  

Published : May 04, 2023 11:00 IST - 11 MINS READ Ministers, central bankers, officials, and civil society activists returning home from Washington after the Spring Meetings of the World Bank and the International Monetary Fund held in April 2023 were not clear what the outcomes of the meetings, however minor, were. The IMF’s record, thus far, has been marked …

IMF says inflation to slow growth across Mideast this year
1 year, 7 months ago

IMF says inflation to slow growth across Mideast this year

Associated Press  

DUBAI, United Arab Emirates — Economies across the Middle East and Central Asia will likely slow this year as persistently high inflation and rising interest rates bite into their post-pandemic gains, the International Monetary Fund said Wednesday. The regional slowdown also comes as an explosion of fighting in Sudan between two top rival generals — who only a year ago …

ECONOMIC PERSPECTIVES | World Bank-IMF plans to resolve global economic crises a road map to limbo
1 year, 8 months ago

ECONOMIC PERSPECTIVES | World Bank-IMF plans to resolve global economic crises a road map to limbo

The Hindu  

Published : Apr 20, 2023 11:00 IST - 9 MINS READ In the run-up to the annual Spring Meetings of the World Bank and the IMF in the second week of April, there was much talk that the two organisations were on the cusp of change. Confronted by the realisation that they are not up to the tasks set by …

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 …

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23
1 year, 8 months ago

IMF slashes Pakistan’s growth rate from 2% to 0.5% for FY23

The Hindu  

The IMF has lowered its forecast for Pakistan’s economic growth rate from 2% to just 0.5% for the current fiscal year, amid high inflation and a growing unemployment rate in the cash-strapped country. This showed an unambiguous deterioration of economic fundamentals over the last six months since October when the IMF forecast the country’s gross domestic product to grow by …

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn
1 year, 8 months ago

IMF warns Australian housing market at high risk of mortgage defaults ahead of global economic downturn

ABC  

The level of risk in Australia's housing market is the second-highest in the developed world, the International Monetary Fund has warned. Key points: The IMF has downgraded its global economic growth outlook to 2.8 per cent this year, stoking fears of an economic downturn It says Australia's housing market has one of the highest risks of mortgage repayment defaults in …

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 Lowers India's Economic Growth Forecast To 5.9% For FY24
1 year, 8 months ago

IMF Lowers India's Economic Growth Forecast To 5.9% For FY24

ABP News  

The International Monetary Fund on Tuesday lowered its economic growth forecast for India by 20 basis points to 5.9 per cent for the financial year 2023-24. The World Bank forecast said India will grow at 6.3 per cent, while the Asian Development Bank is projecting 6.4 per cent GDP growth for FY24. In its World Economic Outlook report released on …

India, China to account for half of global economic growth this year: IMF
1 year, 8 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, 8 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, 8 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, 8 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 …

US-China conflict could hit global GDP, IMF warns
1 year, 8 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 …

Explained | Understanding IMF bailouts
1 year, 8 months ago

Explained | Understanding IMF bailouts

The Hindu  

The story so far: The International Monetary Fund last week confirmed a $3 billion bailout plan for Sri Lanka’s struggling economy. IMF officials are also in negotiations with Pakistan for a $1.1 billion bailout plan as the country faces a severe economic crisis marked by a falling currency and price rise. Countries seek help from the IMF usually when their …

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