IMF calls for quick end to Brexit uncertainty, says it is hurting global economy
8 years, 8 months ago

IMF calls for quick end to Brexit uncertainty, says it is hurting global economy

India TV News  

International Monetary Fund chief Christine Lagarde today said that the uncertainty over Britain's vote to leave the European Union is dampening global economic growth and the country must decide what next. Lagarde said that before the British vote, the IMF had been preparing to raise its global growth forecast by 0.1 percentage points due to improvement in Japan, China and the 17-country euro zone. But later it cut this year's global growth forecast by 0.1 percentage points to 3.1 per cent due to the shockwaves of the British vote. Investors are watching the G20 meeting for any sign the United States, Germany, China and other major economies may agree on joint action to accelerate a weak global economic recovery.

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History of this topic

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 …

IMF Warns of Global Economic Headwinds, Downgrading Growth Projections
5 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.

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER
5 months ago

The IMF says Britain is back on track for growth - but Reeves could wreck it with a gung-ho budget, says ALEX BRUMMER

Daily Mail  

Growth in Britain looks well set, with the International Monetary Fund once again upgrading forecasts. Budget threat: If Chancellor Rachel Reeves goes too far, raising taxes and scaring business and wealth creators witless, then she would place a fragile cyclical upturn in peril That erupted during the IMF’s annual meetings of two years ago following Liz Truss’s unaudited tax cutting …

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

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

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 {{ …

New fears Brexit has ‘drained life out of UK economy’ following IMF report
8 months ago

New fears Brexit has ‘drained life out of UK economy’ following IMF report

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight 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 …

IMF boosts China's growth outlook to 5 percent for year
8 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 …

Britain to be fastest growing major European economy, IMF predicts
8 months, 1 week ago

Britain to be fastest growing major European economy, IMF predicts

The Telegraph  

Thanks for joining me. 5 things to start your day 1) National Grid: Britain will remain dependent on gas for years | Forecasts predict higher than expected demand, in blow to net zero ambitions 2) We’re not a c----- employer, insists Wetherspoon boss after attack by union chief | Rebuttal comes as chain is accused of being ‘anti-union’ and offering …

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

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy
10 months ago

IMF upgrades UK growth forecasts and warns Bank of England over 'delays' to interest rate cuts - as Jeremy Hunt swipes at 'unjustified pessimism' about economy

Daily Mail  

The IMF upgraded forecasts for the UK economy today as Jeremy Hunt swiped at 'unjustified pessimism'. The international body said Britain is on track for a 'soft landing', with GDP predicted to rise 0.7 per cent this year as inflation eases. Jeremy Hunt met the managing director of the IMF, Kristalina Georgieva, at Downing Street today Official figures for the …

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 …

IMF head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 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 head projects slightly stronger global growth in 2024 and warns of potential long-term pitfalls
11 months, 1 week ago

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

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 Strong economic activity in the …

IMF raises growth forecast for global economy
1 year, 1 month 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
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 …

Asian economies under cosh as China's property woes bite: IMF
1 year, 5 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, 5 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, 5 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% …

IMF mocked for succession of failed forecasts as it downgrades UK's growth for next year to lowest in G7
1 year, 5 months ago

IMF mocked for succession of failed forecasts as it downgrades UK's growth for next year to lowest in G7

Daily Mail  

The IMF was derided today as it dramatically overhauled forecasts yet again - this time claiming that the UK will have the lowest growth in the G7 next year. The international body marginally improved its expectations for Britain this year to 0.5 per cent growth, after GDP performed better than it had thought. As recently as April the IMF was …

IMF outlook worsens for a ‘limping’ world economy. Mideast war poses new uncertainty
1 year, 5 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, 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 …

IMF downgrades outlook for ‘limping’ world economy, with Mideast posing new challenge
1 year, 5 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 global economic outlook sees slight growth, but inflation still a drag
1 year, 7 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, 7 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 …

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 …

UK to be worst-performing economy in G7 this year, IMF warns
1 year, 11 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 …

British economy will take a smaller hit in 2023 than previously anticipated, says IMF
1 year, 11 months ago

British economy will take a smaller hit in 2023 than previously anticipated, says IMF

Firstpost  

Britain is no longer the only Group of Seven economy set for a fall in GDP this year as Germany too is now expected to shrink by 0.1%, the IMF global forecasts indicated. After narrowly avoiding recession in 2022, Britain’s economy has shown some signs of resilience in early 2023 London: Britain is expected to take a smaller economic hit …

IMF: Prolonged high inflation dims outlook for world economy
1 year, 11 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, 11 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, …

IMF: Banking crisis boosts risks and dims outlook for world economy
1 year, 11 months ago

IMF: Banking crisis boosts risks and dims outlook for world economy

CNN  

London CNN — At the start of the year, economists and corporate leaders expressed optimism that global economic growth might not slow down as much as they had feared. The International Monetary Fund downgraded its forecasts for the global economy Tuesday, noting “the recent increase in financial market volatility.” The IMF now expects economic growth to slow from 3.4% in …

India, China to account for half of global economic growth this year: IMF
1 year, 11 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, 11 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, 11 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, 11 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 …

Global growth slowing to below 3% due to Ukraine war: IMF chief
1 year, 11 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 …

UK economy to shrink more than Russia, predicts IMF
2 years, 1 month ago

UK economy to shrink more than Russia, predicts IMF

The Independent  

Britain’s economy will have the worst performance of all G7 economies even sinking below Russia. In its latest update, the International Monetary Fund downgraded its UK forecast once again, predicting a contraction of 0.6 per cent against the 0.3 per cent growth pencilled in last October. The proof will be in the pudding.” The IMF did nudge up its outlook …

Should I be worried by the IMF’s grim forecasts for the UK economy?
2 years, 1 month ago

Should I be worried by the IMF’s grim forecasts for the UK economy?

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Sign up to our Brexit email for the latest insight SIGN UP I would like to be emailed about offers, events and updates from The Independent. The IMF also …

IMF upgrades outlook for the global economy in 2023
2 years, 1 month 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
2 years, 1 month 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 …

UK economy to fare worse than any other country in developed world in 2023: IMF
2 years, 1 month ago

UK economy to fare worse than any other country in developed world in 2023: IMF

Hindustan Times  

The International Monetary Fund said that UK's economy would fare worse than any other country in the developed world - including Russia, in the latest update of its economic forecasts. UK economy would face a downgrade “reflecting tighter fiscal and monetary policies and financial conditions and still-high energy retail prices weighing on household budgets”, IMF noted. “On the downside, severe …

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

UK economy to suffer more than sanctions-hit Russia in 2023, warns IMF
2 years, 1 month ago

UK economy to suffer more than sanctions-hit Russia in 2023, warns IMF

The Telegraph  

The UK is on course to be the only major economy to shrink this year owing to Jeremy Hunt's tax raid and higher borrowing costs, according to the International Monetary Fund. It leaves the UK economy languishing behind Germany and even sanctions-hit Russia, with both countries expected to eke out modest growth this year. On Wednesday, Britain faces the biggest …

‘Surprisingly resilient’: IMF lifts global growth forecasts
2 years, 1 month ago

‘Surprisingly resilient’: IMF lifts global growth forecasts

Al Jazeera  

Fund says demand in the US and Europe has been stronger than expected, and that only the UK faces a recession. The International Monetary Fund has raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe and the reopening of China’s economy after Beijing abandoned its strict zero-COVID strategy. The IMF said …

Winter is coming: The Hindu Editorial on IMF’s warning
2 years, 5 months ago

Winter is coming: The Hindu Editorial on IMF’s warning

The Hindu  

The International Monetary Fund, in its latest World Economic Outlook report, has retained global growth hopes for 2022 at 3.2%, and lowered next year’s projection to 2.7% from 2.9%. The year 2023 will feel like a recession for many people in the world, the Fund has cautioned, as ‘the worst is yet to come’ amid tighter monetary policies to curb …

IMF dims outlook for 2023 global economy amid Ukraine war
2 years, 5 months ago

IMF dims outlook for 2023 global economy amid Ukraine war

Associated Press  

WASHINGTON — The International Monetary Fund is downgrading its outlook for the world economy for 2023, citing a long list of threats that include Russia’s war against Ukraine, chronic inflation pressures, punishing interest rates and the lingering consequences of the global pandemic. The 190-country lending agency forecast Tuesday that the global economy would eke out growth of just 2.7% next …

IMF cuts 2023 growth outlook amid colliding global shocks
2 years, 5 months ago

IMF cuts 2023 growth outlook amid colliding global shocks

The Hindu  

The International Monetary Fund on October 11 cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year. The IMF said global GDP growth next year will slow to 2.7%, compared to a 2.9% forecast in July, …

IMF cuts India's economic growth forecast to 6.8% for 2022-23
2 years, 5 months ago

IMF cuts India's economic growth forecast to 6.8% for 2022-23

India TV News  

Highlights India had grown at 8.7 percent in 2021-22 fiscal Global growth is forecast to slow from 6.0% in 2021 to 3.2% in 2022 and 2.7% in 2023 According to predictions, more than a third of the global economy will contract in 2023 The International Monetary Fund on Tuesday cut its projection of India's economic growth in 2022 to 6.8 …

IMF cuts India's economic growth forecast to 6.8% in 2022
2 years, 5 months ago

IMF cuts India's economic growth forecast to 6.8% in 2022

Hindustan Times  

The International Monetary Fund on Tuesday cut its projection of India's economic growth in 2022 to 6.8 per cent, as it joins other global agencies that have trimmed forecasts. The IMF had in July projected a gross domestic product growth of 7.4 per cent for India in the fiscal year that started in April 2022. In its annual World Economic …

IMF: Inflation will remain very high next year, stalling Dutch economic growth
2 years, 5 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, 5 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 …

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