California-Berkeley economist Pierre-Olivier Gourinchas as the Fund's next chief economist, replacing Gita

WASHINGTON, April 19( Xinhua)--The International Monetary Fund( IMF) on Tuesday slashed global growth forecast for 2022 to 3.6 percent amid the Russia-Ukraine conflict, 0.8 percentage points lower than the January projection, according to its newly released World Economic Outlook report. The Ukraine crisis unfolds while the global economy is" on a mending path" but has not yet fully recovered from the COVID-19 pandemic, the report said, noting that global economic prospects have worsened" signif

NEW YORK: The International Monetary Fund( IMF) inched up its expectations for global economic growth this year, citing strength in the United States and some emerging markets, while warning the outlook remains cautious amid persistent inflation and geopolitical risks. Global economic activity will expand 3.2% this year, it said in its “ World Economic Outlook ”, up 0.1 percentage point from its January estimate. The forecast for 2025 was unchanged at 3.2%.... Bloomberg Economics pegs this year

The only one who is happy is Vladimir Putin." The grain import ban is scheduled to expire in mid-September.... No decision was taken on extending the ban at Tuesday's meeting. Polish Agriculture Minister Robert Telus welcomed Wojciechowski's comments. SUBSCRIBE Invalid email We use your sign-up to provide content in ways you've consented to and to improve our understanding of you.... This may include adverts from us and 3rd parties based on our understanding....

There was some good news in the United Kingdom, where growth is projected to accelerate in both 2024 and 2025, “ as falling inflation and interest rates stimulate domestic demand ”.... China and India slow Growth in Japan is expected to slow sharply to just 0. 3pc this year, before accelerating to 1. 1pc next year, “ boosted by private consumption as real wage growth strengthens ”, according to the IMF. The Fund expects the growth in economic output in China to continue to cool, easing from 5.

India's GDP growth is likely to moderate from 8.2 per cent in 2023 to 7 per cent in 2024 and 6.5 per cent in 2025 because the pent-up demand accumulated during Covid has exhausted, as the economy reconnects with its potential, the International Monetary Fund( IMF) said on Tuesday. About the global economy, the IMF said the battle against inflation has largely been won, even though price pressures persist in some countries. Click here to connect with us on WhatsAppAfter peaking at 9.4 per cent ye

The new forecast marks a downgrade from the 4% the IMF had predicted at the beginning of the year.... Beijing’s zero-COVID strategy has meant draconian lockdowns in bustling commercial cities like Shanghai and Shenzhen. Some commodity-exporting countries, benefiting from the rising price of raw materials, are likely to defy the trend toward slower growth.... But the rebound presented problems of its own: Caught by surprise, businesses scrambled to meet a surge in customer orders, which overwhe

Chancellor Rachel Reeves( Image: Getty) Rachel Reeves has been warned not to blame Donald Trump’s global trade war for Britain’s economic woes after the International Monetary Fund said domestic policy was the main factor behind the UK’s sluggish growth.... This may include adverts from us and 3rd parties based on our understanding.... She said: “ The report also clearly shows that the world has changed, which is why I will be in Washington this week defending British interests and making the

AdvertisementSKIP ADVERTISEMENT Supported bySKIP ADVERTISEMENT China Bet It All on Real Estate.... Soon the company called with another pitch: to manage their wealth.It was a good deal with little risk, the family thought.... Evergrande had global recognition and was a politically important company at the heart of China’s growing economy....

The International Monetary Fund( IMF) on Tuesday raised the FY24 economic growth forecast for India by 20 basis points to 6.1 per cent, citing the country’s stronger-than-expected growth momentum in the March quarter of FY23.... Most professional forecasters expect the Indian economy to grow between 6 per cent and 6.5 per cent in FY24.... While the Organization for Economic Co-operation and Development( OECD) last month revised upward its forecast to 6 per cent for FY24, the Reserve Bank of In