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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.
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.
IMF managing director warns that global economy is at “delicate moment.”
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.
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.
The International Monetary Fund upgrading its outlook for the world economy, noting surprisingly strong growth in Europe and Asia and predicting that U.S. tax cuts will give the American economy a short-term boost.
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.
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.
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 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.
World finance leaders are acknowledging they must do more to deal with a growing anti-trade backlash, which they fear could worsen already sluggish global growth prospects.
The International Monetary Fund on Tuesday downgraded its forecast for the U.S. economy and warned that “persistent stagnation” here and abroad could add more fuel to a populist backlash against trade and immigration that would further stifle growth.
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.
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.
Britain’s decision to leave the European Union will trim economic growth this year and next across the 19 countries that share the euro currency.
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.
World finance officials who meet in Washington this week confront a bleak picture: Eight years after the financial crisis erupted, the global economy remains fragile and at risk of another recession.
The International Monetary Fund said Friday it is giving managing director Christine Lagarde a second five-year term.
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.
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.