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6 mins read
India could emerge as an economic superpower amid dull global economic landscape
IMF, World Bank and prominent rating agencies have predicted further slow-down in global growth thi…
ANI
1 min read
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
2 mins read
China's economy may not overtake the US, but a Trump presidency would still help Beijing: former IMF official
China will find it hard to sustain a growth rate at 4% to 5% in the next few years, said Eswar Pras…
Huileng Tan
1 min read
India's GDP grows 7.6% in July-September quarter
The Indian economy grew 7.6% during the July-September quarter of the current financial year 2023-…
ANI
2 mins read
IMF advises Pakistan not to create a preferred investors' group and to ensure transparency
The IMF has advised cash-strapped Pakistan against creating a group of preferred investors or disto…
PTI
3 mins read
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
1 min read
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
2 mins read
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
2 mins read
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
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
1 min read
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
1 min read
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
2 mins read
Sanctions on Russia could eat away at the dollar's global dominance and boost the use of crypto, IMF says
As countries turn to other currencies in international trade, "fragmentation at a smaller level is …
Adam Morgan McCarthy
2 mins read
Dollarization would eliminate Argentina's future inflation risk, former IMF board member says
"Dollarization would be very positive for Argentina," said Mark Rosen, who was a US member of the I…
Filip De Mott
2 mins read
The IMF is predicting more pain for global stocks as central banks tighten monetary policy
"We could certainly see further tightening of financial conditions," the IMF told CNBC. "Risk asset…
Isabelle Lee
2 mins read
Roughly half the world's central banks are 'at some stage' of exploring their own digital currencies, IMF says
Around half the world's central banks are at "some stage" of looking into creating their own digita…
Camomile Shumba
2 mins read
The US needs to get its ballooning debt problems under control to keep the dollar dominant, former IMF official says
US debt could notch 181% of GDP over the next 30 years, according to a recent Congressional Budget …
Jennifer Sor
2 mins read
About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says
Central bank digital currencies "could help de-dollarization or counter "cryptoization"," IMF staff…
Joseph Wilkins
1 min read
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
2 mins read
Homeowners in these countries are facing the greatest risk of defaults from steeper mortgage payments, says IMF
The IMF says falling home prices could pressure financial markets as interest rates rise. Here's it…