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Spokane, Washington  Est. May 19, 1883
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IMF downgrades outlook for world economy, citing trade wars

The International Monetary Fund is further downgrading its outlook for the world economy, predicting that growth this year will be the weakest since the 2008 financial crisis, primarily because of widening global conflicts.

Greece looks to repay IMF early as bond yields tumble

The Greek government on Monday said it is in talks with European bailout lenders to repay its debts to the International Monetary Fund early as market borrowing rates have tumbled to their lowest level since 2005.

World economy forecast to slow in 2019 amid trade tensions

The world economy absorbed more bad news Monday: The International Monetary Fund cut its growth forecast for 2019. And China, the world’s second-biggest economy, said it had slowed to its weakest pace since 1990.

IMF’s Lagarde: Trade tensions threaten global economy

The head of the International Monetary Fund warned Thursday that the healthiest global economy in years is threatened by rising debt levels, volatile financial markets and a simmering trade dispute between the world’s two biggest economies.

IMF: World economy is picking up speed

The International Monetary Fund on Tuesday raised its forecast for global growth to 3.6 percent this year and 3.7 percent in 2018. For both years, the outlook is up 0.1 percentage points from the IMF’s previous forecast in July and would mark the fastest growth since 2010. The world economy grew 3.2 percent in 2016.

IMF trims economic forecast for U.S.

The International Monetary Fund has trimmed its outlook for the U.S. economy, citing the number of uncertainties that surround President Donald Trump’s plans to boost economic growth.

IMF boosts growth forecast for US, cites Trump impact

The International Monetary Fund on Monday raised its forecast for the U.S. economy over the next two years, saying President-elect Donald Trump’s policies should boost economic growth, particularly in 2018. But officials warned that if Trump’s protectionist trade proposals set off a trade war, that could be “quite destructive” for the global economy.

Indonesia to host IMF-World Bank annual meeting in 2018

Indonesia has been selected to host the 2018 Annual Meetings of the International Monetary Fund (IMF) and World Bank on the resort island of Bali, during which central bankers and finance ministers from across the globe will meet to discuss worldwide financial issues.

IMF, Egypt agree on $12B loan to fix ailing economy

The International Monetary Fund said Thursday it will grant Egypt a $12 billion loan over three years to help the Arab world’s most populous country mend its ailing economy following years of unrest.

IMF says Brexit will drag down world economic growth

Britain’s decision to leave the European Union will reduce global economic growth this year and next, the International Monetary Fund says. The IMF said Tuesday that it is shaving its estimate for worldwide growth to 3.1 percent this year and 3.4 percent in 2017. Both estimates are 0.1 percentage points lower than the bank’s previous forecast in April.

World Bank downgrades its forecast for 2016 global economy

The World Bank is reducing its forecast for the global economy this year – again. The aid agency predicted Tuesday that the world economy will expand 2.4 percent this year, down from the 2.9 percent it expected in January and unchanged from a tepid 2015.

IMF says Iceland has repaid its remaining debt

The International Monetary Fund says Iceland has repaid all of its remaining obligations – ahead of schedule – as the island nation presses on with its recovery following its economic collapse seven years ago.

Finance officials to clamp down on multinational tax evasion

LIMA, Peru – Finance officials from the world’s 20 biggest economies have committed to toughening laws and boosting cross-border cooperation to prevent multinational companies from avoiding as much as $250 billion a year in taxes. The unanimous agreement was announced Friday in Peru’s capital on the sidelines of the International Monetary Fund’s annual meeting. The plan, to be presented to heads of state for approval next month at a Group of 20 summit in Turkey, seeks to address concerns about whether large companies such as Apple and Google are paying their fair amount of taxes.