In not following the Fed, the BOE is set to be one of the herd
1 month, 3 weeks ago

In not following the Fed, the BOE is set to be one of the herd

Live Mint  

The BOE looks set to do something it hasn’t often done in the past: diverging from the Federal Reserve. Investors expect the U.K.’s central bank to lower borrowing costs for a third time Thursday, and signal that it is likely to cut again. Last week, the Bank of Canada and the European Central Bank announced rate cuts hours before and the day after the Fed’s decision to leave borrowing costs on hold, respectively. Over previous weeks, the central banks of Peru, Turkey, Indonesia and Israel also cut their key rates as it became increasingly likely that the Fed would decline to do so at last week’s meeting, and possibly for a number of months. South Africa’s central bank was explicit about the context in which it decided to lower borrowing costs, opening its policy statement with a summary of where it sees the Fed going.

Economy South Africa Bank Central Fed Likely Set Imf Borrowing Costs Boe  central  economy  likely  growth  boe  rates  growing  following  inflation  fed  set  eurozone  bank  herd

History of this topic

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold
Trending News
6 days, 19 hours ago

With outlook uncertain, the Bank of England joins the US Fed in putting interest rates on hold

Associated Press  

LONDON — The Bank of England kept its main U.K. interest rate unchanged at 4.50% on Thursday even though the economy is barely growing and the nation faces more uncertainty in light of the tariff policies being enacted by the Trump administration in the U.S. The decision by the nine-member Monetary Policy Committee was widely expected, and comes a day …

US Fed keeps interest rates unchanged: Key takeaways from the meeting
1 week ago

US Fed keeps interest rates unchanged: Key takeaways from the meeting

India Today  

The US Federal Reserve has decided to keep interest rates steady, maintaining its benchmark rate in the range of 4.25-4.50%. Here are the key takeaways from the meeting: INTEREST RATES UNCHANGED The Federal Open Market Committee voted to keep interest rates unchanged. The Fed had previously signalled that it could consider rate cuts in 2025, but policymakers are closely watching …

The Fed holds interest rates steady but cuts economic growth forecasts because of tariffs
55 years, 2 months ago

The Fed holds interest rates steady but cuts economic growth forecasts because of tariffs

CNN  

An exterior view of the Marriner S. Eccles Federal Reserve building on November 8, 2024, in Washington. Aaron M. Sprecher/AP Investors are all but certain the Federal Reserve will hold interest rates steady at this month’s meeting. That’s why investors will be paying much closer attention to the Fed’s so-called “dot plot,” set to be released at 2 pm ET, …

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'
2 weeks, 6 days ago

European Central Bank cuts interest rates as chief Christine Lagarde warns of 'huge uncertainty'

Firstpost  

The central bank for the 20 countries that use the euro has pivoted from hiking rates to tackle inflation, which surged with Russia’s invasion of Ukraine, to lowering them to boost the eurozone’s floundering economy ECB President Christine Lagarde acknowledged that big changes were underway in Europe. Source: AFP European Central Bank chief Christine Lagarde warned Thursday the eurozone faces …

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy
2 weeks, 6 days ago

European Central Bank cuts rates again as threat of trade war with Trump weighs on economy

Associated Press  

FRANKFURT, Germany — The European Central Bank has cut interest rates by another quarter percentage point to boost growth, lowering credit costs for consumers and businesses to support an economy that is struggling to grow - and could soon face even stronger headwinds from threatened U.S. tariffs. That is already having an impact, said ECB head Christine Lagarde, who said …

Goldman Sees Faster German Growth on Fiscal Push, Fewer ECB Cuts
Trending News
3 weeks ago

Goldman Sees Faster German Growth on Fiscal Push, Fewer ECB Cuts

Live Mint  

-- Goldman Sachs Group Inc. expects a pick up in Germany’s economy on the back of its plan to increase defense spending will spillover to neighboring countries and spur others in the euro area to raise military outlays too. Goldman economists including Sven Jari Stehn raised their gross domestic product growth forecast for Germany by 0.2 percentage point to 0.2% …

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy
1 month, 3 weeks ago

European Central bank cuts benchmark rate by a quarter percentage point to boost stagnant economy

Associated Press  

FRANKFURT, Germany — The European Central Bank cut its key interest rate on Thursday to boost an economy that’s struggling to grow as consumers burned by inflation warily eye price tags and businesses try to navigate political turmoil in leading economies France and Germany. The ECB’s governing council lowered its benchmark rate by a quarter percentage point to 2.75% at …

Fed leaves rates unchanged, sees no hurry to cut again
Trending News
1 month, 3 weeks ago

Fed leaves rates unchanged, sees no hurry to cut again

Live Mint  

* US central bank leaves policy rate in 4.25%-4.50% range * Officials still waiting for clarity on Trump policies * 'We do not need to be in a hurry,' Powell says By Howard Schneider, Michael S. Derby WASHINGTON, Jan 29 - The U.S. central bank held interest rates steady on Wednesday and Federal Reserve Chair Jerome Powell said there would …

Dollar falls amid Donald Trump remarks; markets turn to tariffs, central bank actions
2 months ago

Dollar falls amid Donald Trump remarks; markets turn to tariffs, central bank actions

Hindustan Times  

The dollar was modestly lower on Thursday in a choppy session, after comments from U.S. President Donald Trump called for lower interest rates while providing no clarity on tariffs, and investors awaited a round of policy announcements from global central banks. U.S. President Donald Trump The dollar is down more than 1% on the week, largely due to a sharp …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months, 1 week ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
2 months, 1 week ago

IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook

Associated Press  

WASHINGTON — The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year. But in a blog post that accompanied the release of the IMF’s latest World Economic Outlook report, the fund’s chief economist, Pierre-Olivier Gourinchas, wrote that the policies Trump has promised to introduce “are likely to push inflation higher …

ECB cuts rates 25 basis points to 3% amid worsening growth outlook, slowing inflation
3 months, 2 weeks ago

ECB cuts rates 25 basis points to 3% amid worsening growth outlook, slowing inflation

Live Mint  

The European Central Bank cut interest rates again Thursday, citing a worsening growth outlook and slowing inflation, with political turmoil in the eurozone adding to the troubled picture. But the central bank added that it now expects a "slower economic recovery" than several months ago, and cut its growth forecasts slightly for 2024 and the following two years -- to …

World economy to accelerate in 2025, but recovery threatened by higher tariffs, OECD says
3 months, 3 weeks 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 …

month peak as market awaits next Fed cue
4 months ago

month peak as market awaits next Fed cue

Live Mint  

By Brigid Riley TOKYO - The U.S. dollar stuck close to a 13-month high on Friday as investors assessed the outlook for the Federal Reserve's interest rate path and uncertainty in Europe kept the euro on the back foot, while bitcoin eyed the $100,000 level. The yen, meanwhile, held its ground against the greenback after domestic core inflation figures remained …

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why
4 months, 1 week ago

US Fed rate cut: First inflation uptick in 7 months does little for Powell-led FOMC’s December plans; here’s why

Live Mint  

The US Federal Reserve will likely stay on course towards delivering another interest rate cut in its December policy meeting even after the latest inflation print revealed that consumer prices rose for the first time in seven months. Wall Street analysts say that October's inflation data "will change little for the US Fed'' when the Federal Open Market Committee will …

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation
Trending News
4 months, 2 weeks ago

US Federal Reserve cuts rate by 0.25% after first post-election meeting, notes easing inflation

Firstpost  

The interest rate in the US is now in the range of 4.5-4.75 per cent. The US Federal Reserve on Thursday cut the benchmark lending rates in the country by 0.25 per cent. Inflation has made progress toward the Committee’s 2 per cent objective but remains somewhat elevated,” the Federal Open Market Committee, which is responsible for changes to the …

The US Federal Reserve must do two things right now
4 months, 2 weeks ago

The US Federal Reserve must do two things right now

Live Mint  

As US Federal Reserve officials deliberate monetary policy, they may wish to recall what happened when policymakers in past decades became overconfident in using demand management measures to ‘fine tune’ the economy. Its obsession with data dependency has seen it over-react to noisy historical data, lacking the more strategic forward-looking approach needed when using policy tools that operate with ‘long …

Germany narrowly avoids recession after interest rate cut
4 months, 3 weeks ago

Germany narrowly avoids recession after interest rate cut

The Telegraph  

“The pandemic and the war in Ukraine have accelerated the structural weakness but are not the original reasons for the current situation. In a world in which – at least, in manufacturing – China has become the new Germany, Germany’s old business model of cheap energy and easily accessible large export markets is no longer working,” he said. France’s growth …

IMF Warns of $100 Trillion Fiscal Timebomb, as Global Finance Chiefs Brace for Election Fallout
5 months, 1 week 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 …

Rate cut expected as eurozone inflation falls
6 months, 3 weeks ago

Rate cut expected as eurozone inflation falls

China Daily  

EU flags flutter in front of European Central Bank headquarters in Frankfurt, Germany on July 18. Bert Colijn, an economist at ING, told the Financial Times newspaper the fact that Eurostat, the European Union's official statistics agency, declared the eurozone's inflation rate to be within a whisker of the ECB's target of 2 percent means rate cuts will be likely …

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September
6 months, 3 weeks ago

Inflation fell to 2.2% in Europe, clearing the way for a European Central Bank rate cut in September

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 Inflation in the 20 European …

'Risk of major financial fallout' as IMF sounds the alarm on persistent global inflation
8 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’
8 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 …

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts
8 months, 3 weeks ago

Inflation is down in Europe. But the European Central Bank is in no hurry to make more rate cuts

Associated Press  

FRANKFURT, Germany — Inflation in the 20-nation eurozone crept lower to 2.5% in June, but remained stuck above the level favored by the European Central Bank, which is in no hurry to add more rate cuts after a first tentative reduction in its benchmark rate. The ECB’s caution in making sure inflation is under control comes as the U.S. Federal …

US Employment Seen Moderating Along With Wage Growth
8 months, 3 weeks ago

US Employment Seen Moderating Along With Wage Growth

Live Mint  

-- US employers probably tempered their hiring while wage growth moderated in June, another favorable development for Jerome Powell and his Federal Reserve colleagues seeking more confirmation that inflation is slowing. Among central banks, minutes from the Reserve Bank of Australia’s June meeting will draw a lot of attention on Tuesday after Governor Michele Bullock said the board considered a …

IMF predicts India’s GDP growth to be 7% in 2024, 6.5% in 2025 as pent-up demand fades
9 months, 3 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 …

Inflation ticked up in Europe in May. That likely won’t stop a central bank rate cut next week
9 months, 3 weeks ago

Inflation ticked up in Europe in May. That likely won’t stop a central bank rate cut next week

Associated Press  

FRANKFURT, Germany — Inflation ticked up to an annual 2.6% in Europe in May, according to official figures on Friday. It’s unlikely to stop the European Central Bank from making a first interest rate cut next week — and moving ahead of the U.S. Federal Reserve in lowering borrowing costs for businesses and consumers. Still, the higher inflation number makes …

Policy and resilience raise confidence in stable economic growth this year
9 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. …

US economy to outpace G7 peers with double GDP growth rate this year, claims IMF
11 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
11 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 …

ECB Policy Verdict: At 4%, key interest rates held at all-time high for fifth straight meeting, cuts likely ahead
11 months, 2 weeks ago

ECB Policy Verdict: At 4%, key interest rates held at all-time high for fifth straight meeting, cuts likely ahead

Live Mint  

The European Central Bank held interest rates steady for a fifth meeting, while sending its clearest signal yet that cooling inflation will soon allow it to commence cuts. “If the Governing Council’s updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission were to further increase its confidence that inflation is converging …

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts
1 year ago

Federal Reserve is likely to preach patience as consumers and markets look ahead to rate cuts

Associated Press  

WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Excluding volatile food and energy costs, so-called “core” prices rose at a monthly pace of 0.4% in both January and February, a pace far higher than is consistent with …

US Fed Rate Decision, Rupee Movement, Upcoming Elections To Impact Investors, Say Analysts
1 year ago

US Fed Rate Decision, Rupee Movement, Upcoming Elections To Impact Investors, Say Analysts

ABP News  

Markets will be driven by global macroeconomic data in the week, with the most prominent one being the US Fed’s decision on interest rate, analysts noted. Experts noted that equity markets could remain volatile in the near-term as several central banks across the world are scheduled to reveal their monetary policy decisions in the week, reported PTI. Elaborating on the …

ECB, BOE Shouldn't Wait for Fed to Cut Interest Rates
1 year, 1 month ago

ECB, BOE Shouldn't Wait for Fed to Cut Interest Rates

Hindustan Times  

-- With the US economy continuing to dodge recession, the Federal Reserve appears to be in no rush to cut interest rates. US Treasury yields have risen around 20 basis points across the curve this year, and even if the first rate cut isn't first-quarter business, it'll probably happen before summer. Fed Chair Jerome Powell is keeping his options open, …

IMF sketches a brighter view of global economy, upgrading growth forecast and seeing lower inflation
1 year, 1 month 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 …

Economic growth continues, as latest GDP data shows strong 3.3% pace last quarter
1 year, 2 months ago

Economic growth continues, as latest GDP data shows strong 3.3% pace last quarter

CBS News  

The nation's economy grew at an unexpectedly brisk 3.3% annual pace from October through December as Americans showed a continued willingness to spend freely despite high interest rates and price levels that have frustrated many households. Thursday's report from the Commerce Department said the gross domestic product — the economy's total output of goods and services — decelerated from its …

US Federal Reserve keeps key interest rate unchanged for third straight time
1 year, 3 months ago

US Federal Reserve keeps key interest rate unchanged for third straight time

Hindustan Times  

U.S. interest rate futures on Wednesday increased the chances of rate cuts by the Federal Reserve starting next March, with a 77%probability after the U.S. central bank's new rate projections signaled the end of its tightening campaign. "The policy statement was relatively little changed from the last two renditions, but the subtle edits carry significant weight," Tom Simons, U.S. economist …

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the economy
1 year, 5 months ago

Europe's central bank is set to halt rate hikes as the Mideast war casts a shadow over the 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 European Central Bank is …

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes
1 year, 5 months ago

Strong US economic growth for last quarter likely reflected consumers' resistance to Fed rate hikes

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 government is expected Thursday …

Why Britain will beat IMF’s bleak forecasts – but still faces a low-growth trap
1 year, 5 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 …

US Fed leaves interest rates unchanged, signals another hike
1 year, 6 months ago

US Fed leaves interest rates unchanged, signals another hike

Al Jazeera  

The US Fed expects interest rates to fall only half a percentage point in 2024, lower than market expectations. As they did in June, Fed policymakers at the median still see the central bank’s benchmark overnight interest rate peaking this year in the 5.5 percent to 5.75 percent range, just a quarter of a percentage point above the current range. …

The world seems headed for a mild output contraction
1 year, 8 months ago

The world seems headed for a mild output contraction

Live Mint  

There are currently four scenarios for the global economic outlook. The most positive is a ‘soft landing,’ where central banks in advanced economies manage to bring inflation down to their 2% targets without triggering a recession. If the effort to tame inflation triggers severe economic and financial instability, a fourth scenario becomes possible: central banks wimp out and allow for …

IMF head welcomes Europe's interest rate hikes in campaign against inflation
1 year, 9 months ago

IMF head welcomes Europe's interest rate hikes in campaign against inflation

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 head of the International …

The Fed has paused. How long will Europe's central bank keep raising rates in a shaky economy?
1 year, 9 months ago

The Fed has paused. How long will Europe's central bank keep raising rates in a shaky 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 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 {{ …

World Bank cuts 2024 global growth forecast as rate hikes bite
1 year, 9 months ago

World Bank cuts 2024 global growth forecast as rate hikes bite

Al Jazeera  

Two-thirds of developing economies will see lower growth than in 2022, dealing a major setback to coronavirus pandemic recovery. The World Bank has raised its 2023 global growth outlook as the United States, China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year’s …

IMF no longer expects UK recession this year
1 year, 10 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 …

IMF urges Asian central banks to maintain monetary policy ‘tighter for longer’ to tackle inflation risks
1 year, 11 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: Prolonged high inflation dims outlook for world economy
1 year, 11 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 …

India set to grow by 5.9% this fiscal: IMF
1 year, 11 months ago

India set to grow by 5.9% this fiscal: IMF

The Hindu  

The International Monetary Fund has projected that India’s economy will grow by 5.9% for the current fiscal year April 2023 - March 2024, a downward revision of 0.2 percentage points since the January forecast. Gradual recovery “The global economy’s gradual recovery from both the pandemic and Russia’s invasion of Ukraine remains on track,” IMF Chief Economist Pierre-Olivier Gourinchas said, adding …

Discover Related