Category: IMF – International Monetary Fund

CPI Inflation Rate Drops to 8.5%; Economist: Climate Rules Are Like Central Planning | NTD Business

Inflation slowed down a little in July compared to June. Economists explain where they think the next numbers may be headed. Global climate reporting rules are being proposed, but an expert tells us there’s more behind the push. Elon Musk sells billions of dollars worth of Tesla shares, amid uncertainty over the Twitter deal. Domino’s Pizza is…


Global Economy Facing ‘Biggest Test Since Second World War’: IMF Chiefs

The global economy faces “the biggest test since the Second World War” said International Monetary Fund (IMF) chiefs in a post Sunday, as world leaders convene May 23–26 in Davos, Switzerland, for the World Economic Forum (WEF) Annual Meeting 2022. Russia’s invasion of Ukraine has exacerbated the COVID-19 crisis, destroying lives and economic growth while…


IMF Says Yen Falls Driven by Fundamentals, Urges BOJ to Keep Easy Policy

TOKYO—The yen’s recent declines have been driven by fundamentals and would be no reason for Japan to change its economic policy, including the central bank’s ultra-low interest rates, a senior International Monetary Fund (IMF) official said. The remarks highlight the difficulty Tokyo may face if it sought international consent to intervene in the currency market…


Oil Range-Bound Following IMF Prediction of Lower Global Growth

Oil prices were trading range-bound on Wednesday after the International Monetary Fund (IMF) scaled down its global growth projections for 2022. Prices fluctuated as it received support from concerns about tighter supplies. Brent oil futures were trading at around $108.20 per barrel as of 13:42 UTC on April 20, very near to its opening price….


Rising Shipping Costs Threaten to Raise Prices Around the World, Says IMF

The two-year global supply crisis is beginning to worsen again this month after easing due to the waning of the pandemic, as war in Ukraine and CCP virus lockdowns raise shipping costs and slow growth, according to the International Monetary Fund (IMF) on March 28. “The sea carries more than 80 percent of the world’s…


Global Economy Could Split Between US Dollar, Other Currencies: IMF Deputy Chief

The Russia–Ukraine War could trigger a fragmentation in global payment systems, deputy head of the International Monetary Fund (IMF) Gita Gopinath said during a March 22 virtual discussion, indicating a possible global shift away from the U.S. dollar. “What we are seeing around the world is increasing fragmentation of payment systems that probably will further…


Sri Lanka Secures $1 Billion Credit Line From India in Bid to Stem Economic Crisis

India has extended a $1 billion credit line to debt-ridden Sri Lanka, offering support to the island nation as it attempts to ease its worst economic crisis in years. India signed an agreement to offer Sri Lanka a $1 billion short-term concessional loan facility during Finance Minister Basil Rajapaksa’s visit to New Delhi on Thursday,…


Ukraine War Will Lower Global Growth Says IMF, Russian Economy Could Contract 15 Percent in 2022

The International Monetary Fund (IMF) is expected to cut down its global growth forecast for 2022 due to Russia’s invasion of Ukraine, according to the managing director of the agency, placing a damper on the post-pandemic economic recovery that was critical to many nations. “We think that we would be downgrading our growth projections as…


IMF Approves $1.4 Billion Emergency Loan for Ukraine

The International Monetary Fund (IMF) on Wednesday approved a $1.4 billion emergency loan for Ukraine to help mitigate the economic impact of Russia President Vladimir Putin’s invasion. “The Russian military invasion of Ukraine has been responsible for a massive humanitarian and economic crisis,” IMF Managing Director Kristalina Georgieva said in a statement after a meeting…


Emerging Economies Must Take Precautionary Measures Against US Rate Hikes: IMF

Emerging economies across the world must prepare for interest rate hikes in the U.S. based on their circumstances and vulnerabilities, said the International Monetary Fund (IMF), as ripple effects of the hike could result in adverse feedback loops like financial instability, currency depreciation, and rapid inflation. Surging prices, tight labor market, and Omicron-related disruptions have led…