In their World Economic Outlook published on Tuesday, the International Monetary Fund said it has lowered its global growth forecast for 2021 to 5.9% from 6% in July due to supply disruptions in advanced economies, Reuters reports. Release “The world growth forecast for 2022 was unchanged at 4.9%.” “The US growth forecast for 2021 decreased […]
Tag: IMF
IMF cuts Australia’s growth forecast for 2021 and raises prospects for 2022
In its latest report, the International Monetary Fund (IMF) cut Australia’s GDP growth forecast for 2021, while raising the outlook for 2022. Key comments “There are short-term downside risks, they are largely balanced afterwards. “ “They should cut back on loans for cool down the housing sector.” “Monetary and fiscal policy must remain stimulating to […]
The USD is likely to be overvalued by 8.2% with a range of 5.2% to 11.2% during 2020
In its recently published External Sector Report, the International Monetary Fund noted that they have assessed the US dollar as likely overvalued by 8.2% with a range of 5.2% to 11.2% during 2020, as reported by Reuters. Featured statements “Combined global current account surpluses and deficits increased to 3.2% of world GDP in 2020 from […]
The German economy will strengthen with advance vaccination and fewer restrictions
The International Monetary Fund (IMF) indicated that it expects the economy of Germany strengthens before the extension of vaccination and the advance of the lifting of restrictions, as reported by Reuters. The international body affirmed that the government made good use of its fiscal back to support the negative consequences of the coronavirus. He added […]
IMF raises global growth outlook to 6% in 2021 from 5.5%
The International Monetary Fund (IMF) published its world economic outlook on Tuesday in which it estimates that the world economy will grow 6% in 2021, which implies an improvement over the forecast of 5.5% in January this year, according to Reuters. The IMF forecast for 2021 would mark the fastest global growth pace since 1976, […]
Global economic output will be 3% lower in 2024 than pre-pandemic projections
The International Monetary Fund (IMF) said on Wednesday that global economic output is expected to be about 3% lower in 2024 than projections made before the coronavirus pandemic, Reuters reported. Systemic financial stress was largely avoided in the COVID-19 crisis, but recovery remains a challenge for some countries, the IMF noted in a blog post, […]
IMF to upgrade previous forecast for 5.5% global growth in 2021 – Kristalina Georgieva
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, said Monday that the IMS plans to revise upward the previous forecast of 5.5% global growth in 2021, according to Reuters reported. Featured statements “The IMF will also raise the forecast for 2022.” “The global economy is on a firmer footing, but there are […]
Negative rates are effective tools to boost growth
The International Monetary Fund (IMF) has said in its latest blog post on Thursday that negative interest rate policy has been successful in easing financial conditions and thus stimulating economic growth, which could lead many central banks to consider interest rates negative “sooner or later”. Key Comments: “Experience so far has shown that negative rates […]
Eurozone GDP contracted 6% in 2020, less than the 7% previously projected
Alfred Kammer, Director of the European Department of the International Monetary Fund (IMF), said the Friday that the Eurozone economy contracted 6% in 2020, compared to the IMF estimate of 7%Reuters reported. Next week, Eurostat will release the Gross Domestic Product (GDP) for the fourth quarter, which is expected to show a contraction of 5.1% […]
The Treasury believes that the best way to ensure long-term debt sustainability is to ensure growth
The Director General of the Treasury, Pablo de Ramón-Laca, has affirmed that the best way to ensure the long-term sustainability of the Spanish debt is to guarantee structural growth. The Spanish debt, he assured, is “sustainable” and the interest burden should be used as an indicator, which has decreased in recent years, so “the debt […]
