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Global manufacturing production rapidly moving toward emerging markets like India, says IMF

The International Monetary Fund (IMF), in its latest World Economic Outlook report, has highlighted…

ANI   


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1 min read

10 countries with the lowest unemployment rate

10 countries with the lowest unemployment rate

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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   


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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…

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Gold is the 'last safe haven' as Treasurys face risks from soaring US debt, Bank of America says

Bank of America strategists see 11% upside for gold by the end of next year as the Treasurys are th…

Kelly Cloonan   


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3 mins read

The 4 forces that will challenge the dominance of the dollar, according to economic researchers

The dollar's dominance in financial markets has slipped, with the greenback accounting for less tha…

Jennifer Sor   


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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   


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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   


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De-dollarization is a fad that will backfire on countries trying to move away from the greenback, currency expert says

Dollar dominance is sticking around for at least the next few decades, one currency expert told Bus…

Jennifer Sor   


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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   


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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   


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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   


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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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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…

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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   


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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   


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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   


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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   


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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.

Carla Mozée   


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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 …