By Tasos Dasopoulos Greater independence in economic policy is perhaps Greece’s biggest gain from the end of next week when the enhanced surveillance regime, which has long been discounted by markets, will now formally expire. This special regime, which was decided in July 2018 specifically for Greece, essentially extended the close quarterly surveillance of the […]
Tag: IMF
Sri Lanka: Agreement with the IMF postponed until September
Sri Lanka’s new president, Ranil Wickremesinghe, announced on Saturday that a possible loan deal with the International Monetary Fund is not expected to be concluded before September, which he attributed to the unrest in recent months, according to the Associated Press news agency. In his first speech after being elected to the presidency by the […]
IMF: Russia’s economy is withstanding sanctions more than expected
The Russian economy is now expected to suffer a less severe impact from international sanctions this year than previously estimated, the International Monetary Fund said yesterday, adding that, on the other hand, European economies are being hit harder than expected. Russia’s GDP is expected to contract by 6.0% in 2022, the IMF now predicts, significantly […]
IMF: Russia’s economy is more resistant to sanctions than expected
The Russian economy is now expected to suffer a less severe impact from international sanctions this year than previously estimated, the International Monetary Fund said yesterday, adding that, on the other hand, European economies are being hit harder than expected. Russia’s GDP is expected to contract by 6.0% in 2022, the IMF now predicts, significantly […]
The global economy is on the brink of recession, warns the IMF
The International Monetary Fund revised downwards its forecast for global growth again today, warning that downside risks from high inflation and the war in Ukraine could push the global economy to the brink of recession if left unchecked. Global GDP growth will slow to 3.2% in 2022 from the IMF’s previous forecast of 3.6% in […]
IMF: Almost 5% of the German economy at risk if Russian natural gas is cut off
The German economy risks a 4.8% hit if Russia cuts off natural gas supplies to the country, the International Monetary Fund has warned, according to Bloomberg. Most of the impact will materialize next year, due to output cuts and damage to economic confidence, IMF analysts said. Inflation could rise by about 2 percentage points on […]
The IMF warns of a strong blow to central Europe if natural gas is cut off
A possible cut-off in Russian natural gas flows would plunge Hungary, Slovakia, the Czech Republic and Italy into deep recession unless they step up cooperation on alternative supplies, the International Monetary Fund warned today. In particular, IMF researchers blogged that some countries could face shortfalls of up to 40% of their normal consumption in the […]
The IMF sees a highly uncertain global outlook and worsening debt
International Monetary Fund Managing Director Kristalina Georgieva today urged G20 officials to take immediate action to tackle inflation, warning that the “extremely uncertain” global economic outlook could worsen if the high inflation persists. Speaking at the G20 finance ministers’ conference in Indonesia, K. Georgieva said that the escalation of Russian military operations in Ukraine has […]
The IMF is calling on governments to target the most ‘vulnerable’ with support plans
Faced with an “unprecedented combination of shocks”, International Monetary Fund (IMF) managing director Kristalina Georgieva today called on governments to target the most “vulnerable” populations with support measures. With the Covid-19 pandemic and the war in Ukraine, “we have experienced two shocks in two years. We need to think seriously about the right articulation of […]
IMF on US: Further cut in GDP growth forecast to 2.3% from 2.9%
The International Monetary Fund (IMF) warned yesterday that averting a US economic recession will be a “substantial challenge,” as it again revised down its forecast for economic growth for 2022 to 2.3% from 2.9% in late June. Recent figures show a further decline in consumer demand. The IMF also cut its forecast for the path […]