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Global finance officials say risks to growth skewed to downside
Sun, Apr 14, 2019
Global financial officials on Saturday said risks to worldwide economic growth were "tilted to the downside" due to factors such as trade tensions, policy uncertainty and the sudden tightening of financial conditions.
Oil prices dip on global growth worry, possible output rise
Wed, Apr 10, 2019
Oil fell from five-month highs on Tuesday after the International Monetary Fund cut its global economic growth forecasts and as Russia signalled it may retreat from its production-cutting deal with OPEC.
India one of world's fastest growing large economies, carried out several key reforms in last 5 years: IMF
Fri, Mar 22, 2019
India has been one of the fastest growing large economies in the world, the International Monetary Fund (IMF) has said, asserting that the country has carried out several key reforms in the last five years, but more needs to be done.
World leaders discuss future of global economy at Dubai summit
Mon, Feb 11, 2019
The World Government Summit in Dubai, attended by more than 4,000 delegates from 140 countries representing the business, cultural and political sectors, featured speeches and discussions on peace, development and the present and future of the global economy.
IMF's Christine Lagarde says oil exporters have not fully recovered from oil shock, cautions against 'white elephant projects'
Sat, Feb 09, 2019
Oil exporters have not fully recovered from the dramatic oil price shock of 2014, the head of the IMF said on Saturday, and she cautioned against spending money on "white elephant projects".
India's economy gets big thumbs up from these 3 international organisations
Tue, Jan 22, 2019
Three international organisations have endorsed India`s growth story recognising it as the world's fastest growing major economy for this and the next three years and in two reports raised some of their earlier projections.
IMF lowers global growth rate projections for 2019 to 3.5%; This is why
Mon, Jan 21, 2019
According to the report, the main shared policy priority is for countries to resolve cooperatively and quickly their trade disagreements and the resulting policy uncertainty, rather than raising harmful barriers further and destabilising an already slowing global economy.
IMF: No-deal Brexit is biggest risk to Britain's economy
Thu, Jan 17, 2019
An exit by Britain from the European Union without a framework agreement to preserve some economic integration is the biggest near-term risk to the British economy, an International Monetary Fund spokesman said on Thursday.
Indian-American Gita Gopinath joins IMF as its first female chief economist - Top things to know about her
Tue, Jan 08, 2019
Prominent Indian-American economist Gita Gopinath has joined as the chief economist of the International Monetary Fund, becoming the first woman to occupy the top post at the global lender.
Who is Gita Gopinath? The first female chief economist of IMF
Tue, Jan 08, 2019
Born in India in 1971, Gopinath was is a US citizen and an Overseas Citizen of India. She received her PhD in economics from Princeton University in 2001 after earning her bachelor’s degree from the University of Delhi.
Operational independence of central banks important for carrying out their responsibilities: IMF By Lalit K Jha
Fri, Dec 14, 2018
IMF on Thursday said "operational independence" of central banks like the Reserve Bank of India (RBI) was important for carrying out their responsibilities
IMF Chief Economist praises India's fundamental economic reforms, says growth performance has been 'very solid'
Mon, Dec 10, 2018
He said one risk that has become much more evident in the last few years has been non-bank finance, usually called shadow banking. "There is a big challenge of stricter, oversight," the economist said.
Indian American Gita Gopinath faces tough global landscape to navigate: IMF chief economist
Mon, Dec 10, 2018
Indian-American Gita Gopinath, the first woman to be appointed as the IMF chief economist, faces a "tough landscape", her outgoing predecessor has said, exuding confidence that she would successfully meet the challenges in the coming years.
Slim chance of Pak getting IMF bailout by Jan 15: Report
Fri, Dec 07, 2018
Pakistan's desire to get an IMF bailout package approved by January 15 may not be fulfilled as the global monetary body wants Islamabad to adopt steeper measures to address the external sector imbalances before sending the cash-strapped country's case to its Executive Board, according to a media report.
RBI-Govt row: IMF expresses opposition to any move that compromises central bank's independence
Fri, Nov 02, 2018
The row was sparked off last Friday when RBI Deputy Governor Viral Acharya in a hard-hitting speech warned that undermining central bank's independence could be "potentially catastrophic", possible indication of the RBI being pushed to relax its policies ahead of general elections next year.
China echoes IMF pledges to avoid using currency as trade war tool
Sat, Oct 13, 2018
China`s top central banker on Saturday pledged to keep the yuan currency`s value "broadly stable," a sign that Beijing may be trying to prevent a bruising trade dispute with the United States from spilling over into a currency war.
IMF chief Christine Lagarde warns against trade, currency wars, urges fix to global rules
Thu, Oct 11, 2018
The United States and China have slapped tit-for-tat tariffs on hundreds of billions of dollars of each other`s goods over the past few months, rattling financial markets as investors worry that the escalating trade conflict could knock global trade and investment.
Nations with more comfortable balance sheets have more space to respond to adverse developments: IMF
Wed, Oct 10, 2018
Countries having more comfortable balance sheets have more space to respond to adverse developments in the economy, a top official of the International Monetary Fund (IMF) said Wednesday, urging nations to manage assets better.
India could be yesterday's China for world, but job crisis haunts; IMF has solution
Wed, Aug 08, 2018
Even as India's economic outlook remains positive with the country predicted to be the pivot of global growth in coming decades, failure to create enough jobs for the youth remains a big problem.
Experts split over Indian economy; here is what makes economists cut growth forecast
Wed, Jul 18, 2018
In a latest move, the International Monetary Fund (IMF) has trimmed India's GDP growth forecast for Indian economy to 7.3% for FY19 fiscal from previous 7.5%.