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Global economy heading for weakest period of growth since 1990: IMF chief The global economy is heading for the weakest period of growth since 1990 as higher interest rates set by the world's top central banks drive up borrowing costs for households and businesses, the head of the International Monetary Fund has warned, a media outlet reported. Kristalina Georgieva, the IMF's managing director, said that a sharp slowdown in the world economy last year after the aftershocks of the Covid pandemic and the Russian invasion of Ukraine would continue in 2023, ...
Global economy heading for weakest period of growth since 1990: IMF chief
Global economy heading for weakest period of growth since 1990: IMF chief
Source: IANS
6/04/2023 8:09:06 PM
Global financial stability at risk from banking turmoil: IMF chief  International Monetary Fund (IMF) chief Kristalina Georgieva has warned that the global economy faces risks to its financial stability because of the turbulence in the banking sector. Georgieva said rising interest rates had put pressure on debts, leading to "stresses" in leading economies, including among lenders, the Guardian reported. She said the world economy would expand by just 3 per cent in this year as rising borrowing costs, combined with the war in Ukraine and...
Global financial stability at risk from banking turmoil: IMF chief
Global financial stability at risk from banking turmoil: IMF chief
Source: IANS
27/03/2023 12:24:00 PM
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine U.S. Treasury Secretary Janet Yellen stepped up calls on Thursday for increased financing support to Ukraine to help it battle the year-old Russian invasion as the United States readies an additional $10 billion in economic assistance in coming weeks. Yellen, speaking at a news conference in India on the eve of the first anniversary of the Russian invasion, said it was critical for the International Monetary Fund to "move swiftly" towards a fully financed loan programme for Ukrai...
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine
As G20 finance chiefs gather, Yellen calls for more economic aid to Ukraine
Source: Reuters
23/02/2023 5:05:59 PM
Debt in focus as G20 finance chiefs meet in India  G20 finance and central bank chiefs meet in India next week at the first-year anniversary of Russia's invasion of Ukraine to discuss rising debt troubles among developing countries, the regulation of cryptocurrencies and the global slowdown. The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency and will be followed by a March 1-2 meeting of foreign ministers in New Delhi. As global borrowing costs rise, I...
Debt in focus as G20 finance chiefs meet in India
Debt in focus as G20 finance chiefs meet in India
Source: Reuters
16/02/2023 9:03:55 AM
IMF chief expects to keep 2023 global growth forecast steady at about 2.7% WASHINGTON-The International Monetary Fund is not likely to downgrade its forecast for 2.7% growth in 2023, the head of the global lender said on Thursday, noting that a feared oil price spike had failed to materialize and labor markets remained strong. IMF Managing Director Kristalina Georgieva said 2023 would be another "tough year" for the global economy, and inflation remained stubborn, but she did not expect another year of successive downgrades like those seen last year, ba...
IMF chief expects to keep 2023 global growth forecast steady at about 2.7%
IMF chief expects to keep 2023 global growth forecast steady at about 2.7%
Source: Reuters
13/01/2023 9:49:31 AM
Third of global economy will be in recession this year: IMF International Monetary Fund (IMF) chief Kristalina Georgieva has warned that a third of the global economy will be in recession this year and 2023 will be "tougher" than 2022 as the US, EU and China will see their economies slow. "We expect one third of the world economy to be in recession," the BBC quoted Georgieva as saying to CBS News on Sunday. "Even countries that are not in recession, it would feel like recession for hundreds of millions of people," s...
Third of global economy will be in recession this year: IMF
Third of global economy will be in recession this year: IMF
Source: IANS
2/01/2023 9:12:06 AM
NATO boss tipped to lead IMF NATO Secretary General Jens Stoltenberg may become the new head of the International Monetary Fund (IMF), Norwegian TV 2 broadcaster has reported, citing 'reliable' sources within the US-led military bloc. Moreover, the outgoing secretary general is the US favourite to lead the Washington-headquartered organisation, RT reported, citing TV 2 sources. Currently, the fund is led by Kristalina Georgieva, a veteran Bulgarian economist, whose tenure is scheduled to end in 2024. Stolte...
NATO boss tipped to lead IMF
NATO boss tipped to lead IMF
Source: IANS
23/12/2022 9:57:29 AM
India a bright spot on otherwise dark horizon: IMF chief International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Thursday said that India deserves to be called a bright spot "on this otherwise dark horizon because it has been a fast-growing economy, even during these difficult times, but most importantly, this growth is underpinned by structural reforms". She was speaking on the fourth day of the IMF and World Bank Annual Meetings at the IMF headqarters here. "Most importantly, this growth is underpinned by ...
India a bright spot on otherwise dark horizon: IMF chief
India a bright spot on otherwise dark horizon: IMF chief
Source: IANS
14/10/2022 9:34:03 AM
Three years of shock after shock for the global economy The global economic outlook is darkening and the risks of recession are quickly rising, as per the International Monetary Fund, which said it will once again lower its growth projections, media reports said. "We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year," said IMF Managing Director Kristalina Georgieva during a speech at Georgetown University, CNN reported. &quo...
Three years of shock after shock for the global economy
Three years of shock after shock for the global economy
Source: IANS
8/10/2022 12:45:39 PM
World could lose $4 tn in economic output between now and 2026: IMF  The global economic outlook is darkening and the risks of recession are quickly rising as per the International Monetary Fund, which said it will once again lower its growth projections, CNN reported. "We estimate that countries accounting for about one-third of the world economy will experience at least two consecutive quarters of contraction this or next year," said IMF managing director Kristalina Georgieva during a speech at Georgetown University. "And, even when g...
World could lose $4 tn in economic output between now and 2026: IMF
World could lose $4 tn in economic output between now and 2026: IMF
Source: IANS
7/10/2022 2:14:44 PM
International Monetary Fund chief says India 'a bright spot' in global economy International Monetary Fund's (IMF) Managing Director Kristalina Georgieva on Thursday said that despite global uncertainty and headwinds, India continues to be a bright spot in the global economy. She made the statement during her meeting with Finance Minister Nirmala Sitharaman, where India's upcoming G-20 Presidency was also discussed and the IMF reiterated its support to India's candidature. Both the leaders shared concerns on key downside risks to the global economy and...
International Monetary Fund chief says India 'a bright spot' in global economy
International Monetary Fund chief says India 'a bright spot' in global economy
Source: IANS
8/09/2022 10:26:54 AM
World faces increasing risk of recession in next 12 months, IMF says The outlook for the global economy has "darkened significantly" in recent months, the head of the IMF has warned, and the world faces an increasing risk of recession in the next 12 months, The Guardian reported. The commodity price shock from the war in Ukraine had exacerbated the cost-of-living crisis for hundreds of millions of people, Kristalina Georgieva said and it was "only getting worse". Inflation was also higher than expected, she said in a blogpost that cam...
World faces increasing risk of recession in next 12 months, IMF says
World faces increasing risk of recession in next 12 months, IMF says
Source: IANS
14/07/2022 11:32:25 AM
IMF chief says 'cannot rule out' possible global recession The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6% global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers. The...
IMF chief says 'cannot rule out' possible global recession
IMF chief says 'cannot rule out' possible global recession
Source: Reuters
7/07/2022 8:33:41 AM
India's high growth rate positive news for world: IMF Managing Director Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva has said a high growth rate for India, as projected in the latest World Economic Outlook, is not only healthy for the country but also positive news for the world. The IMF, early this week, projected a fairly robust growth of 8.2 per cent for India in 2022, making it the fastest-growing major economy in the world, almost twice faster than China’s 4.4 per cent. The global growth has been projected at 3.6 p...
India's high growth rate positive news for world: IMF Managing Director
India's high growth rate positive news for world: IMF Managing Director
Source: Accord Fintech
21/04/2022 10:10:35 AM
IMF Chief says repercussions of Ukraine situation pose 'significant economic risks' International Monetary Fund (IMF) Managing Director, Kristalina Georgieva has said this week's events in Ukraine are "a matter of grave concern," warning that the repercussions of the conflict pose "significant economic risks" in the region and around the world. "This week's events in Ukraine are a matter of grave concern -- first and foremost due to the human toll and suffering of ordinary people," Georgieva on Friday said in a statement. "The...
IMF Chief says repercussions of Ukraine situation pose 'significant economic risks'
IMF Chief says repercussions of Ukraine situation pose 'significant economic risks'
Source: IANS
26/02/2022 9:47:09 AM