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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   


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IMF MD spells out policy priorities for shock-prone world

In a world marked by severe shocks, slow growth, and economic fragmentation, IMF Managing Director …

ANI   


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Global financial stability at risk from banking turmoil: IMF chief

International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the global economy fac…

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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 …

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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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IMF warns of an increased risk of recession in the next 12 months, says the global economy has 'darkened significantly'

The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hun…

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IMF boss Georgieva says the US will narrowly avoid recession and the Fed needs to stay the course on hiking interest rates

The US is likely to narrowly avoid falling into a recession, and there's a chance the Fed can nail …

Zinya Salfiti   


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RBI rate hikes will contain inflation says MPC member Ashima Goyal

RBI Monetary Policy Committee (MPC) member Ashima Goyal on Wednesday said that the efforts of the R…

PTI   


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IMF chief warns of risk of geopolitical fragmentation

There is a risk of geopolitical fragmentation, as geopolitics turn into geo-economics with negative…

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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 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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Millions of Americans will struggle to get back into the workforce and they'll need support, Fed's Powell says

On changes in the labor market, Powell said "it's important to remember we are not going back to th…

Ben Winck   


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The IMF lifts its global growth forecast with vaccination and stimulus likely to be a shot in the arm

Stimulus and essential workers helped the world avoid a recession that would've been "at least thre…

Ben Winck   


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IMF projects 11.5% growth rate for India in 2021, only major economy to record double digit growth

In its latest update, the IMF projected a 11.5 per cent growth rate for India in 2021. This ma…

PTI   


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IMF hints at improved global GDP forecast but warns of 'difficult climb' ahead

The use of unprecedented fiscal aid will bring the global public debt balance to a record-high 100%…

Ben Winck   


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World Bank projects global economy to shrink by 5.2% in 2020

Economic activity in advanced economies is anticipated to contract 7 per cent in 2020 as domesti…

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International Monetary Fund approves immediate debt relief for 25 countries

The International Monetary Fund (IMF) Executive Board has approved immediate debt service relief fo…

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The IMF's chief is sounding the alarm, says the AI revolution is striking the job market 'like a tsunami'

"We have very little time to get people ready for it, businesses ready for it," said IMF chief Kris…

Kwan Wei Kevin Tan   


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Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says

"Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up," Kristalina Ge…

Filip De Mott   


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BlackRock's COO said he gave his staff a memo written by ChatGPT and they couldn't tell AI wrote it

"No one realized it was actually written by a computer," said BlackRock COO Robert Goldstein.

Kwan Wei Kevin Tan