World economy facing delicate moment, IMF chief economist Gita Gopinath
5 years, 9 months ago

World economy facing delicate moment, IMF chief economist Gita Gopinath

Live Mint  

Describing current global economic atmosphere as "a delicate moment", IMF chief economist Gita Gopinath Tuesday said that while the global economy continues to grow at a reasonable rate and a global recession is not in the baseline projections, there are many downside risks. "While the global economy continues to grow at a reasonable rate and a global recession is not in the baseline projections, there are many downside risks," Gopinath said. "A deterioration in market sentiment could rapidly tighten financing conditions in an environment of large private and public sector debt in many countries, including sovereign-bank doom loop risks," Gopinath warned. If the downside risks do not materialize and the policy support put in place is effective, global growth should rebound," Gopinath said.

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History of this topic

Risks to economy escalating in 2025, says SBICAPS
3 days, 21 hours ago

Risks to economy escalating in 2025, says SBICAPS

Live Mint  

New Delhi: The economic outlook for calendar year 2025 remains cautious, with many of the risks from the last year expected to escalate, leading to heightened uncertainty and volatility, according to SBICAPS. Fresh structural shifts, such as rising currency volatility and the diversification of global supply chains, are unfolding against a backdrop of ongoing trade wars, geopolitical upheavals, and political …

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.

On monetary policy and financial markets
5 months ago

On monetary policy and financial markets

The Hindu  

Global financial markets may be exhibiting recovery following the dramatic falls in value, but the global economy is still in uncharted waters. The Bank of Japan’s decision to raise interest rates after years of keeping them low has also rattled financial markets, setting off a reversal of equity flows and a collapse in Asian markets. The carry trade On the …

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 …

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 …

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’ -– …

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 …

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty
1 year, 3 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 {{ …

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 …

The world economy is still in danger
1 year, 5 months ago

The world economy is still in danger

Hindustan Times  

Economists are not known for their optimism, but today their good cheer is palpable. Other central banks were following suit, their inflation problems made worse by a surging dollar —a particular problem for the emerging markets that borrow and trade using America’s currency. Yet news that America’s headline rate of annual inflation fell to 3% in June has fed hopes …

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: 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 …

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 …

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 …

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 …

IMF upgrades outlook for the global economy in 2023
1 year, 11 months ago

IMF upgrades outlook for the global economy in 2023

Associated Press  

WASHINGTON — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia’s ongoing war against Ukraine. The IMF said China’s “recent reopening has paved the way for a faster-than-expected recovery.’’ The IMF now expects China’s economy — …

IMF lifts 2023 global growth forecast; says recession risk lower
1 year, 11 months ago

IMF lifts 2023 global growth forecast; says recession risk lower

The Hindu  

The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against Ukraine. The IMF said global growth would still fall to 2.9% in 2023 from 3.4% in 2022, but its latest World Economic Outlook forecasts …

‘Turning point’: IMF raises 2023 world growth forecast to 2.9%, 1st in a year
1 year, 11 months ago

‘Turning point’: IMF raises 2023 world growth forecast to 2.9%, 1st in a year

Hindustan Times  

Global growth is set to be higher than expected this year, the IMF said Monday, raising its forecast on surprisingly strong consumption and investment while China's lifting of zero-Covid restrictions provides another boost. The International Monetary Fund expects the world economy to expand 2.9 percent this year, slowing from 2022 to a rate that remains weak by historical standards, said …

World Bank says fragile economic conditions might usher in recession
2 years ago

World Bank says fragile economic conditions might usher in recession

The Hindu  

Global growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia's invasion of Ukraine, according to the World Bank's latest Global Economic Prospects report. "The crisis facing development is intensifying as the global growth outlook deteriorates," said World Bank Group President David Malpass. "Emerging and developing countries are facing a …

World Bank: Recession a looming threat for global economy
2 years ago

World Bank: Recession a looming threat for global economy

Associated Press  

WASHINGTON — The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies — the United States, Europe and China — the World Bank warned on Tuesday. Though the United States might avoid a recession this year — the World Bank predicts the U.S. economy will eke out growth …

Global economy ‘perilously close’ to a recession: World Bank
2 years ago

Global economy ‘perilously close’ to a recession: World Bank

Al Jazeera  

The global economy will come “perilously close” to a recession this year, led by weaker growth in all the world’s top economies – the United States, Europe and China – the World Bank warned on Tuesday. Though the United States might avoid a recession this year – the World Bank has predicted the US economy will eke out growth of …

2023 to be tougher for global economy than 2022, IMF chief says
2 years ago

2023 to be tougher for global economy than 2022, IMF chief says

Al Jazeera  

IMF Managing Director Kristalina Georgieva says one-third of world’s economies expected to be in recession this year. IMF Managing Director Kristalina Georgieva said 2023 will be a “tough year”, with one-third of the world’s economies expected to be in recession. Because the three big economies, US, EU, China, are all slowing down simultaneously,” Georgieva said during an appearance on the …

From China to inflation, 5 economic trends to watch in 2023
2 years ago

From China to inflation, 5 economic trends to watch in 2023

Al Jazeera  

The global economy is facing risks and opportunities next year from rising interest rates to China’s reopening. The partial reversal of globalisation means more expensive imports, shortages of labour in many Western countries leads to more expensive production, and green transition measures to combat the greatest threat our species faces are all leading to higher inflation than we’ve been used …

World economy to experience recession in 2023, says Centre for Economics and Business Research
2 years ago

World economy to experience recession in 2023, says Centre for Economics and Business Research

Firstpost  

The CEBR takes its base data from the IMF’s World Economic Outlook and uses an internal model to forecast growth, inflation and exchange rates According to the Centre for Economics and Business Research, the world will experience a recession in 2023 as a result of rising borrowing prices intended to combat inflation. According to the British consultancy’s annual World Economic …

Economy resilient, but sensitive to global headwinds: RBI bulletin
2 years, 1 month ago

Economy resilient, but sensitive to global headwinds: RBI bulletin

Live Mint  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient though it is still sensitive to global headwinds, RBI bulletin said on Friday. "With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook can best be characterised as resilient but sensitive to formidable global headwinds," said RBI Bulletin. The outlook …

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,” …

IMF: Inflation will remain very high next year, stalling Dutch economic growth
2 years, 3 months ago

IMF: Inflation will remain very high next year, stalling Dutch economic growth

NL Times  

Inflation in the Netherlands is likely to remain at a very high level next year, and economic growth will likely grind to a halt, the International Monetary Fund predicted. In the latest estimates from the Dutch government's Central Planning Bureau, the economy of the Netherlands could see possible growth next year of 1.5 percent. Because of proposals to boost purchasing …

IMF cuts 2023 global outlook over colliding global shocks
2 years, 3 months ago

IMF cuts 2023 global outlook over colliding global shocks

Al Jazeera  

The three largest economies will ‘continue to stall’, ‘the worst is yet to come’ and for many people 2023 will feel like a recession, it warned. “In short, the worst is yet to come, and for many people, 2023 will feel like a recession.” In its World Economic Outlook the IMF said global GDP growth next year will slow to …

‘The worst is yet to come’: IMF issues stark recession warning
2 years, 3 months ago

‘The worst is yet to come’: IMF issues stark recession warning

CNN  

London CNN Business — The International Monetary Fund has once again downgraded its forecast for the global economy with a sharp warning: “The worst is yet to come, and for many people 2023 will feel like a recession.” The agency said Tuesday that it expects global growth to slump to 2.7% next year, with a 25% probability it could fall …

IMF warns of higher recession risk and darker global outlook
2 years, 3 months ago

IMF warns of higher recession risk and darker global outlook

The Hindu  

Two principal economists painted very different pictures on Thursday of what the global economy will look like in the coming years. “The risks of recession are rising,” she said, calling the current economic environment a “period of historic fragility.” Meanwhile, U.S. Treasury Secretary Janet Yellen, on the other side of town at the Center for Global Development, focused on how …

IMF warns of higher recession risk and darker global outlook
2 years, 3 months ago

IMF warns of higher recession risk and darker global outlook

Associated Press  

WASHINGTON — Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. “The risks of recession are rising,” she said, calling the current economic environment a “period of historic fragility.” Meanwhile, U.S. Treasury Secretary Janet Yellen, on the other side of town at the Center for Global Development, focused on …

IMF warns of higher recession risk and darker global outlook
2 years, 3 months ago

IMF warns of higher recession risk and darker global outlook

LA Times  

Kristalina Georgieva, managing director of the International Monetary Fund, said Thursday that the IMF is again lowering its projections for global economic growth in 2023. “The risks of recession are rising,” she said, calling the current economic environment a “period of historic fragility.” Meanwhile, U.S. Treasury Secretary Janet L. Yellen, on the other side of town at the Center for …

World could face recession next year: World Bank report
2 years, 3 months ago

World could face recession next year: World Bank report

Hindustan Times  

The world could face a recession next year amid simultaneous tightening of monetary policy by central banks around the world, the World Bank has said in a new report that called for boosting production and removing supply bottlenecks to ease inflation. World Bank president David Malpass said global growth is slowing sharply. READ | World Bank warns of global recession, …

40 Per Cent Chance Of Recession In US, Other Key Economies Face High Risk: Report
2 years, 5 months ago

40 Per Cent Chance Of Recession In US, Other Key Economies Face High Risk: Report

ABP News  

A latest poll of economists have hinted that the global economy is facing serious threats of a slowdown with some key economies at high risk of recession. The US inflation which is at a four-decade high of 9.1 per cent, is not expected to cool to the Fed's 2 per cent target until at least 2024. According to the Reuters …

World Bank warns recession 'hard to avoid' and Ukraine war creating a 'perfect storm'
2 years, 7 months ago

World Bank warns recession 'hard to avoid' and Ukraine war creating a 'perfect storm'

ABC  

The World Bank has warned the hopes of averting recession for all countries will fade the longer the war in Ukraine continues. Key points: The World Bank has dropped global growth rates to 2.9 per cent, down on the 4.1 per cent it had predicted in January The sharp downgrade for the world's economy is also based on the potential …

World Bank dims outlook for global economy amid Russia war
2 years, 7 months ago

World Bank dims outlook for global economy amid Russia war

Associated Press  

WASHINGTON — The World Bank has sharply downgraded its outlook for the global economy, pointing to Russia’s war against Ukraine, the prospect of widespread food shortages and concerns about the potential return of “stagflation” — a toxic mix of high inflation and sluggish growth unseen for more than four decades. In China, the world’s second-biggest economy after the United States, …

On inflation, the government and the RBI are walking a tight rope
2 years, 7 months ago

On inflation, the government and the RBI are walking a tight rope

The Hindu  

The off-cycle meeting of the Monetary Policy Committee on May 2 and May 4 and its decision to raise the repo rate to 4.4% sends a clear signal that the Reserve Bank of India is committed to its mandate of keeping the consumer price index inflation rate at 4% with an upper and lower band of plus or minus 2 …

Inflation leaves world economy in disarray
2 years, 8 months ago

Inflation leaves world economy in disarray

The Hindu  

W HEN the world’s financial leaders met in mid April in Washington, D.C., for the annual spring meetings of the International Monetary Fund and the World Bank, the mood was one of gloom. In recent years, however, the Great Moderation, or a long period of low inflation, had attuned central banks to adopting a loose monetary policy regime, with large …

Citing Russia’s war, IMF cuts global growth forecast to 3.6%
2 years, 8 months ago

Citing Russia’s war, IMF cuts global growth forecast to 3.6%

Associated Press  

WASHINGTON — The International Monetary Fund on Tuesday downgraded the outlook for the world economy this year and next, blaming Russia’s war in Ukraine for disrupting global commerce, pushing up oil prices, threatening food supplies and increasing uncertainty already heightened by the coronavirus and its variants. “The war will slow economic growth and increase inflation,” IMF chief economist Pierre-Olivier Gourinchas …

Crises slowing economic growth worldwide, says IMF chief
2 years, 8 months ago

Crises slowing economic growth worldwide, says IMF chief

Firstpost  

The IMF is due to release its updated economic forecasts on Tuesday, which Kristalina Georgieva said will further downgrade the estimate for global growth that was cut to 4.4 per cent in January Washington, United States: The war in Ukraine has undercut the global recovery, slowing expected economic growth in most countries in the world, IMF managing director Kristalina Georgieva …

Is a global recession coming? In US, China risks are mounting
2 years, 9 months ago

Is a global recession coming? In US, China risks are mounting

Al Jazeera  

Ukraine war and China’s lockdowns among risks to global growth, although most economists say downturn unlikely in 2022. The war in Ukraine, Russia sanctions, China’s “zero COVID” policies, spiking inflation, and interest hikes by the United States Federal Reserve are all set to crimp growth in 2022. On Wednesday, European Council President Charles Michel told the European parliament he believed …

IMF warns of growing poverty, unrest and geopolitical tensions
3 years, 5 months ago

IMF warns of growing poverty, unrest and geopolitical tensions

Al Jazeera  

The International Monetary Fund warns of a global economic recovery where ‘the poor get poorer and social unrest and geopolitical tensions grow’. The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies due to coronavirus vaccine inequity and a lack of fiscal support, the International Monetary Fund warned on Tuesday. …

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