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India is a bright light economy, but key structural reforms needed for $10 trillion GDP: IMF chief economist

India has emerged as "a bright light" at a time when the world is facing imminent prospects of a re…

PTI   


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Vladimir Putin's war with Ukraine is boosting Russia's economy, IMF says

The IMF now expects Russia's GDP to more than double to 2.6% this year and flagged "high military s…

George Glover   


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Inflation in India expected to come down to 5 pc in 2023 and 4 pc in 2024: IMF

Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending Marc…

PTI   


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IMF chief economist Gita Gopinath to resign and return to Harvard University

The 49-year-old prominent Indian-American economist had joined the International Monetary Fund (…

PTI   


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The current banking crisis is a 'worldwide phenomenon' that started long before SVB failed, Harvard professor and former IMF economist says

A leading scholar of financial crises says the banking crisis ensued after a number of years of ult…

Morgan Chittum   


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Recession fears mount as UK GDP falls 0.3% in Aug

The UK's gross domestic product (GDP) declined by 0.3 per cent in August, after growth of 0.1 per c…

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4 mins read

IMF 'encourages' India to remove rice export restrictions

The International Monetary Fund has said it would "encourage" India to remove restrictions on expor…

PTI   


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China's push to internationalize the yuan and reduce dependence on the US dollar is working, economist says

The yuan has seen a boost in the share of global payments using the currency this year, which could…

Aruni Soni   


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IMF chief economist urges more fiscal stimulus to break the global liquidity trap

Gita Gopinath, chief economist of the International Monetary Fund (IMF), has urged policymakers to …

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6 Fed rate cuts in a soft-landing scenario are a 'pipe dream,' Harvard economist says

"If we get a deep recession, definitely it could happen, they will cut rates a lot, not six times, …

Aruni Soni   


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From interest rates to China's slowdown, these are the issues that will make 2024 another 'rocky year,' Harvard economist says

"Don't be surprised if 2024 turns out to be a rocky year for everyone," Kenneth Rogoff wrote for Pr…

Filip De Mott   


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China's property sector is facing massive risks and authorities must meet it with 'forceful action', IMF says

Beijing has to ensure that troubled developers don't create risks for the financial system, the IMF…

Phil Rosen   


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IMF chief economist says June's economic growth projections will be 'very likely worse' than April's

The chief economist also warned of how a revived US-China trade war could add a new set of risks ev…

Ben Winck   


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The IMF's chief economist poured cold water on the Bank of England's claim the UK is heading for a V-shaped recovery

The UK economy could see "a spike initially, and then going forward, I think we could end up with s…

Shalini Nagarajan   


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It's only going to get tougher for global growth this year as economies navigate 'very choppy waters', IMF chief says

"It's going to be a tough '22, but maybe even a tougher 2023," IMF boss Kristalina Georgieva told R…

Zahra Tayeb   


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IMF chief economist tells Trevor Noah to ask health experts, and not economists, when global economy can recover

This crisis is systematically different from all the others and even the most recent subprime …

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Bond yields will stay high and the Fed's war on inflation isn't over yet, Harvard economist Ken Rogoff says

Elevated bond yields are likely to become the norm, former IMF chief economist Ken Rogoff has warne…

George Glover   


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Kavin Bharti Mittal's Hike is offering ETH to anyone who find a 'chief meme officer' or a 'crypto game economist' for the company

The company is offering ETH referrals for 10 roles, and there’s a total of 4 ETH – which is ar…

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IMF downgrades 2023 global growth forecast to 2.7%

The International Monetary Fund (IMF) has projected the global economy to grow by 3.2 per cent in 2…

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India's Gita Gopinath just took over as the chief economist of the IMF— here are 5 things you should know about her

Prior to stepping into the role, the Indian-born Gita Gopinath was a tenured economics professor…