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IMF Lowers Forecast for Asian Economic Growth to 4.9% in 2022

The International Monetary Fund (IMF) forecasts Asian economies will grow by 4.9% in 2022, down 0.5% from its January forecast. It said Asian economies are likely to face a slowdown and rising inflation. This includes the slowdown in China’s economy,…

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IMF Lowers Global GDP Forecasts

The IMF yesterday lowered its forecast for the World Economic Outlook (WEO). It expects the global economy to grow by 4.4% in 2022, down from 4.9% in last year’s October report, following a growth of 5.9% in 2021. According to…

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IMF Warns of Fed’s Interest Rate Hike

International Monetary Fund (IMF) Managing Director Kristalina Georgiava warned that the Federal Reserve’s interest rate hike could hurt economic recovery in some countries. The Fed’s rate hike will hurt a country with a lot of dollar debt because it will…

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IMF Recommends India to Crypto Regulation

The International Monetary Fund (IMF) in the form of Gita Gopinath recommends that the Indian government should move away from the Crypto Ban and rather try to create regulations for the safe use of cryptocurrencies. She said, “Regulation is absolutely…

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IMF Warning Ahead of FED Meeting

“While monetary policy can generally look through transitory increases in inflation, central banks should be prepared to act quickly if the risks of rising inflation expectations become more material in this uncharted recovery,” Gita Gopinath, IMF economic counselor and director…

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