The International Monetary Fund (IMF) expects the UK economy to grow more slowly than all other Group of Seven (G-7) advanced economies, though it has upgraded its forecast for the country. The latest IMF forecast shows that UK economic output is expected to contract by 0.3 percent this year before rebounding to grow by 1…
IMF Raises Russian GDP Estimates for 2023
The International Monetary Fund (IMF) upwardly revised its GDP estimates for Russia in 2023, despite ongoing sanctions against the country by the United States. A report released Tuesday predicts Russian GDP will increase by 0.7 percent, a slightly more positive outlook than that of the organization’s January report and a significant improvement since the October…
Lower Global Growth, ‘Stickier’ Inflation in 2023, IMF Forecasts
Global economic growth will slow this year to 2.8 percent, down from 3.4 percent in 2022, according to the International Monetary Fund’s (IMF) World Economic Outlook (WEO). The baseline forecast suggests the GDP growth rate will climb to 3 percent next year. Advanced economies are forecast to witness output of 1.3 percent this year, down…
Top IMF Official Warns Global Growth Expected to Be Under 3 Percent in 2023
Global economic growth will remain below 3 percent in 2023 and for the next five years, according to Kristalina Georgieva, the managing director at the International Monetary Fund (IMF). With elevated price inflation persisting throughout the world economy and to achieve the goal of restoring price stability, Georgieva purported that central banks would need to…
IMF Warns of Weakest Economic Growth in Over 30 Years
The International Monetary Fund (IMF) has warned that global economic growth over the next five years will be the weakest in more than three decades, with China among the nations propping up the world economy. IMF managing director Kristalina Georgieva issued the warning in a speech in Washington on April 6, when she cautioned that the path…
IMF Director Says Africa Needs More Loans to Fix Debt Problem
During a speech today for the 2023 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, IMF director Kristalina Georgieva acknowledged that Africa is facing a “tremendous financial crunch” and is “being held back by unsustainable debt built over the years.” However, her solution to the problem is not…
IMF Approves $15.6 Billion Ukraine Loan, Part of $115 Billion in Global Support
WASHINGTON—The International Monetary Fund (IMF) said on Friday its executive board approved a four-year $15.6 billion loan program for Ukraine, part of a global $115 billion package to support the country’s economy as it battles Russia’s 13-month-old invasion. The decision clears the way for an immediate disbursement of about $2.7 billion to Kyiv, and requires…
International Organizations Have Become Communist China’s Little Helpers
Commentary In pursuit of Chinese leader Xi Jinping’s global hegemony goals, China’s communist regime has mounted a huge campaign over the past two decades to gain control of international organizations. The campaign has involved influence peddling and bribery on a grand scale, as the Chinese Communist Party (CCP) has sought to infiltrate, gain control of,…
IMF Approves Nearly $3 Billion Bailout for Sri Lanka
The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country’s presidency said the program will enable it to access up to $7 billion in overall funding. The decision will allow an immediate disbursement of about $333 million, the IMF said, and will spur financial…
UK Economy Expected to Be 2nd-Worst in G-20 This Year: OECD
Britain is expected to be the worst-performing economy in the G-20 apart from Russia this year and next, according to new analysis from the Organisation for Economic Cooperation and Development (OECD). The UK’s GDP is expected to fall by 0.2 percent this year, followed by a rise of 0.9 percent next year, the OECD said…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`