IMF issues growth warning as it lowers 2023 forecast

The International Monetary Fund slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical…

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Global growth to fall below 3% in 2023: IMF chief

A continued slowdown in almost all the world’s advanced economies is expected to drag global growth below three percent this year, the International Monetary Fund’s managing director warned on Thursday….

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REUTERS/Maja Smiejkowska/File Photo

IMF lifts 2023 growth forecast on China reopening, strength in U.S., Europe

The International Monetary Fund on Tuesday raised its 2023 global growth outlook slightly due to “surprisingly resilient” demand in the United States and Europe, an easing of energy costs and the reopening of China‘s economy after Beijing abandoned…

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IMF Managing Director Kristalina Georgieva (Tobias SCHWARZ / AFP)

Western climate subsidies risk hitting emerging markets: IMF

The head of the IMF warned Friday that Western subsidies to combat climate change and encourage the transition to clean energy sources risked hitting the economies of the developing world. The United States under President Joe Biden has passed…

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Financial tightening yet to ‘bite’ unemployment: IMF

Countries have yet to see the full impact of tightening financial conditions, IMF chief Kristalina Georgieva said Thursday, warning that central banks have some way to go in their inflation…

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Local residents gather near a residential building as a critical power infrastructure object burns after a Russian drone attack, amid Russia’s attack on Ukraine, in Kyiv, Ukraine December 19, 2022. REUTERS/Gleb Garanich

IMF approves program for Ukraine to help promote donor financing

The International Monetary Fund said on Monday it has approved a four-month program for Ukraine aimed at maintaining economic stability following Russia’s invasion of the country, and helping promote donor…

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The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas

IMF report indicates growing risks to global financial stability

The risks to global financial stability have increased across the world since April this year in face of high inflation and low interest rates, the latest semiannual Global Financial Stability…

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This photograph taken on October 7, 2022 shows destroyed buildings in Yats’kivka, on the east bank of the Oskil River, eastern Ukraine. (Photo by SERGEY BOBOK / AFP)

IMF releases $1.3 bn in emergency aid for Ukraine

(AFP) – The International Monetary Fund announced Friday it will provide $1.3 billion in emergency aid to Ukraine through its new food crisis assistance program. The package will help meet…

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FILE – A vender waits for customers at a vegetable market place in Colombo, Sri Lanka, Friday, June 10, 2022. / AP

Sri Lanka’s crisis rings alarm for other troubled economies

Sri Lanka is desperate for help with weathering its worst crisis in recent memory. Its schools are closed for lack of fuel to get kids and teachers to classrooms. Its…

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As crypto assets become more mainstream, potential implications for the wider economy are set to increase, said the IMF. (photo by @executium)

2021: The year of crypto craze and challenges it poses

Trading in digital assets in Thailand saw high growth in 2021, on par with global markets, as large numbers of investors have entered the market. The low-interest rates offered by…

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AP Photo/Vincent Thian

IMF warns pandemic darkening prospects in developing countries

Washington (AFP) – The ongoing hit from the Covid-19 pandemic and the failure to distribute vaccines worldwide is worsening the economic divide and darkening prospects for developing nations, the IMF said Tuesday….

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International Monetary Fund headquarters(IMF) building in Washington, DC. (Photo by MANDEL NGAN / AFP)

IMF officially approves increased lending capacity

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid…

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IMF sees 6% world growth, warns developing nations falling behind

The global economy will expand by six percent this year, but disparities between nations are widening as advanced economies accelerate while developing countries fall behind, the IMF said Tuesday.  While…

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Tax hikes may be unavoidable in post-COVID economy  

COVID-19 has dealt a double blow to Thailand’s finances, reducing tax revenue while increasing the amount of money the government must spend to keep the economy afloat. The Cabinet recently…

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Photo by Romeo GACAD / AFP

IMF readjusts Thailand’s GDP forecast from -7.7% to -7.1%

The International Monetary Fund (IMF) has adjusted Thailand’s GDP growth forecast, from -7.7% to  -7.1% for 2020. This is an indication that the Thai economy is recovering after the Government…

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Central bank governor says Thai economy does not need bailout from IMF

The Thai economy is strong enough and the country does not need to seek a financial bailout from the International Monetary Fund (IMF), although its GDP this year may be…

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FILE PHOTO: The skyline of the Beijing’s Central Business District rises behind people crossing a street during evening rush hour as the spread of coronavirus disease (COVID-19) continues in China, April 15, 2020. REUTERS/Thomas Peter

Pandemic to bring Asia’s 2020 growth to halt for first time in 60 years: IMF

TOKYO (Reuters) – Asia’s economic growth this year will grind to a halt for the first time in 60 years, as the coronavirus crisis takes an “unprecedented” toll on the…

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(FILES) In this file photo taken on January 17, 2020, Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva speaks in Washington, DC. – The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, Georgieva said on March 27. 2020. (Photo by JIM WATSON / AFP)

IMF chief: ‘Clear we have entered recession’

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that…

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IMF raises economic forecast for Thailand, trims Asean’s outlook

The International Monetary Fund (IMF) has raised its projection of Thailand’s economic growth for this year to 4.6% from 3.9% last year, while cutting the economic growth forecast of Asean….

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