The International Monetary Fund (IMF) announced this Wednesday that it has lowered its growth forecasts for Germany to 1.2% for 2002 and 0.8% for 2023. In its previous forecast, the IMF expected the German economy to grow by 2% in both years. “Uncertainty is very high, with risks to the benchmark growth forecast biased to […]
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IMF: Central banks rightly focus on curbing inflation – Georgieva
During her speech at the Devex Forum on Tuesday, the Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva said she sees a “debt crisis in the making” with interest rates and debt rising, Reuters reported. “Central banks around the world are rightly focusing on curbing inflation, but this adds pressure to debt-ridden countries,” […]
US: IMF cuts 2022 GDP growth to 2.9%, says path to avoid recession is ‘narrowing’
US gross domestic product GDP is expected to grow 2.9% in 2022, down from its recent forecast of 3.7% in Aprilsaid IMF Managing Director Kristalina Georgieva at an annual review of US economic policies over the weekend. Additional comments The US economy will grow 1.7% in 2023 and 0.8% in 2024. After contracting -3.4% in […]
IMF: Yen weakness helps Bank of Japan’s inflation target, while negatively affecting households
The head of the mission of the International Monetary Fund (IMF) in Japan, Ranil Salgado, has offered his opinion on the merits and demerits of the current depreciation of the yen. Key comments We believe that the recent yen depreciation reflects fundamentalssuch as expectations about the future monetary policies of the US and Japan We […]
The stock market is an important price signal for the Fed, I’m not surprised to see the volatility — Esther George
the stock market is an important price signal, he said Thursday Kansas City Fed President and FOMC member Esther George in an interview on CNBCbefore adding that he is not surprised to see volatility, and should not be ruled out as it is a sign of tightening financial conditions. US equities had their worst day […]
IMF: Rising oil prices will worsen inflation
The International Monetary Fund (IMF) published a report on Sunday, citing the impact of rising oil prices on global inflation and growth prospects. key takeaways “For some, rising oil prices may echo the 1970s, when geopolitical tensions also caused fossil fuel prices to rise.” “Memories of high inflation and the slow growth that followed, known […]
Dollar selling pauses, spotlight on central bankers at IMF event
This is what you need to know to trade today Thursday April 21: Pressured by the sharp decline seen in US Treasury bond yields, the dollar weakened against its main rivals on Wednesday. The dollar holds its ground at the start of the European session on Thursday, as investors expect the FOMC chairman, Jerome Powelland […]