Emerging economies are wary of the strength of the US dollar. They are taking steps to ensure the soaring greenback doesn’t fuel inflation and derail growth. We explain why they remain vulnerable. In addition, growing...
China says its voting power at the Fund doesn’t mirror the economic clout it has built over the past two decades. But the US, the IMF’s biggest shareholder, isn’t ready to change the status quo,...
The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...
The agreement should be viewed as a stopgap measure that gives Pakistan time and some resources needed to pull its economy back from the verge of default, say experts. Irfan Ali, a 22-year-old resident of...
The German government and leading economists say that Germany is heading toward a recession. What constitutes a downturn and what does that entail? Germany’s economy is facing extremely testing times. First, the coronavrius pandemic took a...
The International Monetary Fund (IMF) has cut its global growth forecast to 3.2% amid high inflation and the war in Ukraine, and warned the world could be “teetering on the edge of global recession.” In...
The negative economic effects from Russia’s invasion of Ukraine will significantly hurt global growth, the IMF has said. Increasing food and fuel prices have raised the prospect of unrest in poorer countries. The economic damage...
It’s the latest attempt to slow soaring inflation and quell the anger of protesting Sri Lankans calling for President Gotabaya Rajapaksa’s removal. Sri Lanka has more than $50 billion in external debt. Sri Lanka will...
The dimmer outlook reflects faltering growth in the world’s largest economies, the United States and China. Signaling tough times ahead for households and policymakers, the IMF expects elevated price levels to persist. The global economy...
The IMF’s latest quarterly outlook is impressively upbeat with expectations that the US and other advanced economies, always together with China, will come roaring back this year and into next. Successful near universal adult vaccination...
Argentina owes a fortune — $323 billion (€274 billion) as of the end of 2019 — which it cannot pay back. That has been the case for many years. It owes several billion to the...
IMF Managing Director Christine Lagarde will become the European Central Bank’s next president in November. If she replaces Italy’s Mario Draghi, a huge change in the eurozone lender’s policy seems unlikely. Following several rounds of...
