Europe fears a new recession and has very few tools to own its destiny in the short term. The president of the European Central Bank said it a few days ago, Christine Lagarde, the economists warn and begin to suggest (although not yet confirm) the data. The fourth quarter of 2020 was bad, but not […]
Tag: IMF
Revises the forecast for world economic growth for 2021 to 5.5% compared to 5.2% seen in October
In its latest outlook report for the world economy, the International Monetary Fund (IMF) has revised up its forecast for 2021 global economic growth to 5.5% from 5.2% in the October release, as reported by Reuters. Key takeaways summarized by Reuters: “The IMF forecasts a global economic contraction in 2020 to 3.5% versus October forecast […]
The premature withdrawal of political support could lead to worse results in the world economy
A premature withdrawal of political support could lead to worse results in the world economyGita Gopinath, chief economist at the International Monetary Fund (IMF), said Tuesday, Reuters reports. Additional comments: “The 2020 economic crisis remains the worst peacetime global contraction since the Great Depression“. “The global economy can emerge from crisis with fewer scars than […]
China will grow 7.9% in 2021 compared to 1.9% in 2020
The economy is expected China grows 7.9% in 2021 after expanding 1.9% in 2020, the International Monetary Fund (IMF) indicated in a report, as reported by Reuters. The IMF recommended that moderate support to the economy continue for a recovery with solid foundations. “China needs to stimulate private demand to achieve more balanced growth in […]
The eurogroup gives the green light one year later to the reform of the Mede and the firewall of the Bank Resolution Fund
After 12 months frozen in a drawer, the Ministers of Economy and Finance of the EU have given finally green light for the reform of the Mede, the European Stability Mechanism. Conceived in 2012 as a rescue instrument, the Mede had run out of tasks, underused. So the States decided to give it a roll. […]
Georgieva says additional monetary stimulus can pose risks to financial stability
The managing director of the International Monetary Fund (IMF), Kristalina Georgieva, has warned against additional monetary stimulus, saying it would pose significant risks to financial stability while speaking at an event discussing the consequences of “lower for longer” interest rates around the world. Key Comments: “Now many central banks are going back to the lab, […]
Recovery may be losing momentum, risks are very high
The International Monetary Fund (IMF) stated that it sees signs that the global recovery may be losing momentum, leading to a worsening in poverty and income distribution. IMF Managing Director Kristalina Georgieva stated that recent data confirms the continued global recovery from the COVID-19 crisis, but the economic outlook remains difficult and prone to setbacks. […]
The IMF’s examination of Spain: five years of crisis and Sánchez skips 6 of its 7 recommendations
He had it so tied that his own Pedro Sánchez he himself voted against the amendments to the entirety of his budget project for 2021 by telematic means, like most of his ministers. And if they had forgotten, nothing would have happened either because even a Vox deputy, Magdalena NevadoHe was wrong and voted […]
Calviño hopes that the EU will resolve “in weeks” the veto of Poland and Hungary due to the urgency of the arrival of funds to Spain
“We hope that this situation will be resolved because it is urgent that the multi-year framework be approved.” The specter of a blockade on the arrival of funds for 140,000 million euros negotiated last July within the European Union has been present today at the meeting that the Government has held with social agents to […]
Georgieva cautions that fiscal and monetary support should not be withdrawn prematurely
Amid the resurgence of the coronavirus, global fiscal and monetary support must not be withdrawn prematurelysaid the managing director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, in a video message to the Caixin Summit in Beijing. Georgieva added that the path to the recovery of the world economy must be based on a […]
