The International Monetary Fund (IMF) has revised its projection for global economic growth in 2024 to 3.2%, up from the 3.1% forecasted in January, as stated in the latest World Economic Outlook (WEO) report released on Tuesday (April 16). Addressing reporters during the IMF and World Bank’s 2024 spring meetings, Mr. Pierre-Olivier Courances, Chief Economist […]
IMF Raises 2024 Global Economic Growth Forecast to 3.2% Read More »
The International Monetary Fund (IMF) has issued a cautionary note regarding the potential repercussions of sustained high interest rates in the United States, expressing concerns over its impact on global financial stability. IMF Managing Director Kristalina Georgieva emphasized the adverse implications of elevated U.S. interest rates during a discussion held on Thursday, April 11th. Georgieva
IMF Warns of Potential Financial Instability Due to Prolonged High US Interest Rates Read More »
The International Monetary Fund (IMF) anticipates that New Zealand will embark on interest rate cuts this year as inflation signals a slowdown, contrary to the Reserve Bank of New Zealand’s (RBNZ) stance. According to the IMF’s economic review of New Zealand released on March 20, the easing of monetary policy by the RBNZ is expected
IMF Forecasts New Zealand Interest Rate Cuts Amidst Inflation Slowdown Read More »
The Central Bank of Pakistan has opted to retain its policy interest rate at an unprecedented level for the sixth consecutive meeting, amidst ongoing discussions between the new government and the International Monetary Fund (IMF) regarding potential loans. The IMF, advocating for tighter monetary policies to curb inflation, is engaged in negotiations with Pakistan. Pakistan’s
Pakistan Maintains Record-High Interest Rates Amid IMF Loan Negotiations Read More »
The International Monetary Fund (IMF) has stepped up its lending efforts, disbursing near-record amounts to approximately 100 countries, underscoring its expanding role in addressing global financial and economic crises exacerbated by geopolitical tensions in the post-COVID-19 era. With rising interest rates and escalating conflicts worldwide, the IMF’s assistance becomes increasingly vital in helping nations confront
IMF Extends $150 Billion to Nearly 100 Nations to Address Debt and Conflict Challenges Read More »
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued a stark warning regarding the Russian economy, despite recent growth forecasts. While acknowledging the IMF’s upward revision of growth projections for Russia, Georgieva underscored the persisting challenges facing the nation’s economic landscape. Despite experiencing an economic recovery that surpassed initial expectations, Russia continues to
IMF Warns of Challenges in Russian Economy: Production High, Consumption Weak Read More »
In a report released today, the International Monetary Fund (IMF) has issued a stark forecast, predicting a significant decline of approximately 50% in the demand for new homes in China over the next decade. This projection raises concerns about the potential impact on the nation’s economic growth. The IMF’s report anticipates a substantial reduction in
Geopolitical tensions and attacks on shipping vessels in the Red Sea pose a substantial risk of triggering a surge in global inflation, warns Mr. Daniel Leigh, the head of research at the International Monetary Fund (IMF). The ongoing attacks, particularly by armed groups targeting cargo ships, have raised concerns about potential damage to the world
IMF Sounds Alarm on Red Sea Crisis, Warns of Global Inflation Surge and Economic Impact Read More »
The International Monetary Fund (IMF) announced on January 31 that there may be opportunities for central banks in Asian countries to ease monetary policy later this year, driven by a decrease in inflation. This shift is expected to enhance the likelihood of soft landings—gradual economic slowdowns—in various Asian economies. The IMF’s Asia Pacific director highlighted
IMF Expects 4.5% Growth in Asian Economies, Anticipates Opportunities for Soft Landings Read More »
In a significant update to its projections, the International Monetary Fund (IMF) unveiled an optimistic outlook for the global economy in its latest World Economic Outlook report released today. The organization has raised its forecast for global economic growth to 3.1% for the current year, surpassing the previous estimate of 2.9% made in October. The
IMF Boosts Global Economic Growth Forecast to 3.1% in 2024 Read More »