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3 mins read
Amid growing political uncertainty in Pakistan, IMF expresses concern over its financial stability
The IMF noted that despite a coalition government formed by the alliance of Pakistan Muslim League-…
ANI
2 mins read
RBI sees price of India's crude oil imports at $85 a barrel in FY25
The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…
2 mins read
De-dollarization is 'a myth,' and there's no big shift taking place away from the US currency, commodities expert says
Practically no one is phasing out the dollar in trade or in foreign reserves, one leading commoditi…
Jennifer Sor
3 mins read
India's economic narrative brighter; takes charismatic lead in global economic evolution: K M Birla
"With a government-led push to infrastructure investments and pragmatic policies such as the pr…
PTI
2 mins read
Huge growth in an 'opaque' corner of global finance could be a risk to broader market stability, IMF warns
"The migration of this lending from regulated banks and more transparent public markets to the more…
Filip De Mott
2 mins read
Upside risks for inflation sizable, central banks must stay resolute: IMF's Gita Gopinath
She said central banks must remain resolute in keeping policies tight and recognize that insufficie…
ANI
4 mins read
Global inflation to drop this year amid subpar economic growth: IMF
In most economies, amid the cost-of-living crisis, the priority remains to achieve sustained disinf…
ANI
1 min read
A Russian gas cutoff would send Europe into recession unless nations around the world pooled their dwindling supplies together, IMF says
Under a best-case scenario, the EU's economy would contract by 0.4%, but shrink by more than 2% in …
Phil Rosen
2 mins read
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
3 mins read
Indian economy retains its crown as a bright spot: IMF report
India's economy has retained the crown of "a bright spot" in the International Monetary Fund's late…
1 min read
The IMF is about to slash its global growth forecast for the 2nd time in 3 months as high inflation, China lockdowns, and war in Ukraine hammer economies
World leaders need to unite and foster closer ties to boost global economic growth, the IMF's Krist…
Brian Evans
1 min read
Pakistani rupee sees highest one-day fall in 20 years
The foreign exchange companies had removed a cap on the Pakistani rupee-dollar exchange rate. This …
ANI
2 mins read
Red Sea turmoil has sent shipping costs surging 150%, which will push inflation higher, Fitch says
Houthi attacks in the Red Sea have pushed shipping costs up, which could add 0.4 percentage points …
Filip De Mott
3 mins read
Inflation may be past peak but cost of living crisis is far from over, say experts
Gita Gopinath, Deputy Managing Director of the International Monetary Fund, said, "we do believe th…
PTI
1 min read
Fragmentation can cost 7% of the global GDP, will face risk if we don't unite now: IMF chief
Asking the world to be pragmatic and collaborate, IMF chief Kristalina Georgieva on Friday said fra…
PTI
2 mins read
Pakistani rupee hits a new low, slides to 227.88 a dollar
The fresh drop came after the government failed to make any headway in its talks with the Internati…
ANI
1 min read
Third of global economy will be in recession this year, says IMF
International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global …
1 min read
Forex reserves fall to $562 billion during period ending Dec 23: RBI data
India's foreign exchange reserves fell by $691 million to $562.808 billion as on December 23, accor…
2 mins read
The biggest threat to dollar dominance is the US economy itself, top economists warn
"Severe deterioration" in the US's financial situation is the top threat to dollar dominance, two t…
Jennifer Sor
2 mins read
The IMF slashes its 2022 global growth forecast as the Russia-Ukraine war inflicts significant economic damage
The IMF sees Ukraine's economy contracting by 35% and Russia's economy shrinking by 8.5% in 2022.