IMF: “Complex forces” drive mature market growth, dampen emerging markets in 2015-2016 April 14, 2015 There are “complex forces” across the world that could lead to “uneven” growth over the next year, the IMF has warned. Overall global growth is forecast at 3.5 per cent in 2015 and 3.8 per cent in 2016 – but beneath these top line figures there will be a huge variety. The two biggest [...]
IMF’s Christine Lagarde on the three big risks to the global economy April 9, 2015 Christine Lagarde, managing director of the IMF, has said that the global economy risks slipping into a "new mediocre" which implies a prolonged period of low economic growth. "[The] global recovery continues, but it is moderate, and uneven," she said ahead of the release of the IMF's economic forecasts next week. The last forecasts released in [...]
IMF warns world facing prolonged period of low growth April 7, 2015 The IMF has warned countries across the world face a prolonged period of low economic growth, due to the effects of an ageing population, and urged governments to take the steps necessary to combat this. "In advanced economies, this decline started as far back as early 2000s and worsened with the global financial crisis. In [...]
IMF happy to cooperate with China-led infrastructure fund March 23, 2015 THE International Monetary Fund will be “delighted” to cooperate with the China-led Asian Infrastructure Investment Bank (AIIB), said IMF managing director Christine Lagarde yesterday. Lagarde added that there is “massive” room for cooperation with AIIB on infrastructure financing. The World Bank will also cooperate with the AIIB, Lagarde told a conference in Beijing. Her comments [...]
Christine Lagarde: IMF would be “delighted” to work with China-led AIIB March 22, 2015 China’s Asian Infrastructure Investment Bank (AIIB) has hoovered up yet more support, after the International Monetary Fund’s (IMF) Christine Lagarde said there was “massive” room for cooperation between the two. Managing director Lagarde told a conference in Beijing the IMF would be “delighted” to work with the AIIB on infrastructure financing, according to Reuters. [...]
Dominique Strauss-Kahn trial: Prosecutor calls for pimping charges to be dropped against former IMF chief February 17, 2015 A French prosecutor has called for Dominique Strauss-Kahn to be acquitted of aggravated pimping charges. Prosecutor Frederic Fevre said “neither the judicial enquiry nor the hearing” had proved that the former International Monetary Fund (IMF) chief had provided prostitutes to sex parties. Fevre’s request came the day after two former prostitutes dropped a civil [...]
Former IMF chief Dominique Strauss-Kahn trial over pimping charges begins today February 2, 2015 The trial against former IMF chief Dominique Strauss-Kahn for charges relating to pimping begins in France today. Strauss-Kahn, who was once considered a contender for French president, is accused of aggravated pimping and involvement in a prostitution ring that was run from a luxury hotel in Lille. The economist, known as DSK, has [...]
IMF slashes global growth forecast January 20, 2015 The forecast for global growth in 2015 and 2016 has been downgraded by the International Monetary Fund (IMF). The body predicts that this year, the world economy will reach 3.5 per cent – down from the 3.8 per cent it put forward three months ago. Next year's forecast has also been decreased, to 3.7 [...]
2015 IMF growth forecast: UK pulling ahead but global economy downgraded January 19, 2015 The UK has managed to avoid a downgrade to its 2015 growth forecast by the International Monetary Fund. The IMF’s updated predictions released today also place the UK as the fastest economy in the G7 in 2014 with growth of 2.7 per cent. However, the UK is set to lose its “fastest G7 economy” crown [...]
Cheap oil won’t help recovery, warns IMF chief Christine Lagarde January 15, 2015 Cheap oil is unlikely to speed up recovery, International Monetary Fund (IMF) chief Christine Lagarde has warned, adding that global recovery is currently too "lopsided". In a speech to the Council on Foreign Relations in Washington, Lagarde suggested that although growth in the US and a lower oil price has given economies a helping hand, [...]