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2 mins read
India to remain fastest growing major economy in 2024-25, says CEA Nageswaran
India is poised to remain the fastest-growing major economy in 2024-25, Chief Economic Adviser V An…
ANI
2 mins read
The IMF slams the US with urgent warnings over its debt, deficits, and trade barriers
While the IMF touted "remarkable" US growth, Washington needs to urgently address stability issues …
Filip De Mott
2 mins read
Huge growth in an 'opaque' corner of global finance could be a risk to broader market stability, IMF warns
"The migration of this lending from regulated banks and more transparent public markets to the more…
Filip De Mott
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
2 mins read
Asia to contribute 60 pc of global growth in 2024: IMF official
Asia remains the engine of economic growth and it is on track to deliver 60 per cent of global grow…
ANI
3 mins read
Amid growing political uncertainty in Pakistan, IMF expresses concern over its financial stability
The IMF noted that despite a coalition government formed by the alliance of Pakistan Muslim League-…
ANI
3 mins read
A 43-page IMF report on AI warns of 'profound concerns' about massive labor disruptions and inequality. We asked GPT-4 to summarize it.
GPT-4 concluded the report finds AI presents "significant risks" and recommended policymakers remai…
Dominick Reuter
2 mins read
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
1 min read
The US's blowout debt burden is one piece of a global problem, IMF warns
"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the d…
Filip De Mott
2 mins read
An escalating cold war between US and China would be a blow to global growth, IMF official says
The IMF predicts that the global economy could incur costs equivalent to as much as 7% of the world…
Yuheng Zhan
1 min read
Russia will grow faster than the US and all other advanced economies this year, the IMF says
Russia's economy in 2024 is expected to grow by 3.2%, outpacing the US, Germany, the UK, and Japan,…
Yuheng Zhan
2 mins read
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
1 min read
Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce
To meet maturity payments on its $44 billion debt deal with the IMF, Argentina has previously tappe…
Filip De Mott
2 mins read
The US debt situation looks 'unsustainable,' and corporate defaults are rising, IMF warns
"Under unchanged policies, debt dynamics in the US are very unfavorable," according to the Internat…
Jennifer Sor
2 mins read
The IMF warns of bond market risks amid fears of a Silicon Valley Bank repeat
The IMF called for regulators to increase their scrutiny of the financial sector, as higher yields …
Filip De Mott
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
1 min read
AI will affect about 40% of global jobs: IMF
"In most scenarios, AI will likely worsen overall inequality," said IMF Managing Director Kristalin…
Kwan Wei Kevin Tan
1 min read
Stock market today: US futures tread water as Wall Street remains cautious
Investors appear cautious amid unease over Middle East tensions, expected delays to interest rate c…
Polly Thompson
2 mins read
The dollar's demise has been over-exaggerated
Dollar holdings actually gained last year among global reserves, casting a shadow over last year's …
Filip De Mott
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…