Euro economy pulls ahead of UK reinforcing IMF dire recession warning January 31, 2023 The UK is trailing its European economic peers, fresh figures out today reveal, reinforcing the International Monetary Fund’s (IMF) warning that it will be the only rich country to contract this year. The eurozone economy – made up of the 19 countries that use the common currency – unexpectedly grew 0.1 per cent in the [...]
UK only G7 economy to shrink this year as IMF deals blow to Jeremy Hunt recession declinism criticism January 31, 2023 Britain will emerge as the “sick man” of the world’s richest countries this year, snatching the unwanted title of being the only G7 economy to contract in 2023, according to forecasts by the International Monetary Fund (IMF). The world’s economic watchdog has slashed its expectations for UK GDP again, now pencilling in a 0.6 per [...]
Third of global economy will be in recession this year, IMF boss warns January 2, 2023 A third of the world economy will be in recession this year, according to a bleak warning from the boss of the International Monetary Fund (IMF). Although some countries will dodge recession, “it would feel like recession for hundreds of millions of people,” in those places also, Kristalina Georgieva said. The IMF managing director said [...]
Crypto market faces more sell-offs and crashes with stablecoins particularly vulnerable, IMF says July 28, 2022 Crypto could be further battered and experience more sell-offs and collapses, esepcially stablecoins, as the crypto crash hits the market, the International Monetary Fund said. “We could see further selloffs, both in crypto assets and in risky asset markets, like equities,” Tobias Adrian, Director of Monetary and Capital Markets for the IMF, said in an [...]
IMF warns inflation is a ‘clear and present danger’ and is here to stay May 24, 2022 IMF First Deputy Managing Director Gita Gopinath has said that inflation “will remain significantly above central bank targets for a while.” She added: “It is very important for central bankers around the world to deal with inflation as a clear and present danger, that is something they need to deal with in a very forceful [...]
For economists, Argentina is the gift that keeps on giving. Is it back to the 80s? January 26, 2022 For economists of a certain age, Argentina is the gift that goes on giving. For the IMF, it is a recurring nightmare. And for investment bankers, who actually bought into Argentina’s 100-year bond issue in 2017, it ought to be a lesson that they are not as smart as they think they are. Come March, [...]
IMF urges El Salvador to rethink Bitcoin legal tender January 26, 2022 The International Monetary Fund (IMF) has called for El Salvador to reverse its decision to make Bitcoin legal tender.
Rishi Sunak blasted for using £19bn of IMF funds as UK aid money abroad October 12, 2021 The Treasury is said to consider using a windfall from the International Monetary Fund (IMF) as aid money, by ‘recycling’ billions of pounds, according to reports. Sunak is preparing to use a large portion of the funds to contribute to the UK’s current aid spending rather than using it in addition to what is planned, [...]
Live to fight another day: IMF managing director survives confidence vote despite damning China data rigging claims October 12, 2021 IMF managing director Kristalina Georgieva lives to fight another day as the International Monetary Fund (IMF) said it still has “full confidence” in the Bulgarian economist in response to allegations that she pressured World Bank staff to change business rankings for China in an effort to placate Beijing. The IMF’s 24-member executive board said in [...]
IMF boss fighting for survival over China data rigging: Kristalina Georgieva’s fate to be decided today October 11, 2021 The IMF’s chief may be out of a job at the end of today as the lender’s board held an emergency meeting late last night with managing director Kristalina Georgieva to discuss allegations that, while she was CEO of the World Bank, she pressured staff to change economic data to benefit China. A decision on [...]