IMF: Seven in 10 Eurozone banks are still too weak October 16, 2014 Most Eurozone banks are too weak to give out loans and support any economic recovery, a top International Monetary Fund (IMF) official warned yesterday. The banking sector in the euro area is only just getting to grips with bad debts and inefficiencies, according to Jose Vinals, the director of the monetary and capital markets department [...]
Crisis over for UK – but Eurozone has strong chance of recession, says IMF October 7, 2014 Forget wages rising more slowly than inflation or lagging GDP per capita: the crisis is behind the UK, according to the International Monetary Fund (IMF). Having disagreed with the medicine, the IMF seems now to recognise the current climate as a cure, despite concerns about living standards and spare capacity in the labour market. Things [...]
Scottish independence referendum: IMF warns Yes vote could hit financial markets September 12, 2014 The International Monetary Fund (IMF) has weighed into the debate on Scottish independence warning there could be significant market uncertainty if Scots vote to leave the union. IMF spokesman William Murray said: The main immediate effect is likely to be uncertainty over the transition to potentially new and different monetary, financial and fiscal frameworks in [...]
Ukraine will need a much bigger bailout to stabilise economy, IMF says September 2, 2014 As the crisis in the east of Ukraine continues to harm the nation's economy, The International Monetary Fund (IMF) has warned that a much bigger international bailout will be needed than was originally planned. In a review of the already agreed $16.7bn standby facility, the fund described the figure as being built on “totally [...]
IMF chief Christine Lagarde under investigation by French court August 27, 2014 International Monetary Fund managing director Christine Lagarde has been put under formal investigation on suspicion of "simple negligence" by a French court. Lagarde was questioned for 15 hours on Tuesday by the Court of Justice of the Republic over her involvement in a long-running political fraud case involving controversial French businessman Bernard Tapie, who was awarded [...]
IMF warns that “overvalued” pound is detrimental to economy July 28, 2014 Today, the International Monetary Fund (IMF) said that the pound is “overvalued”, and that this is causing the economy to rely too heavily on spending and imports. In its annual assessment of the UK economy, it said that the sterling is between five and ten per cent overvalued, and that it has strengthened by [...]
IMF Admits: The UK is on top of the world July 24, 2014 BRITAIN is set to outstrip global growth this year, with figures out today expected to confirm that the economy has bounced back from the recession and is now larger than it ever has been before. British GDP will have grown by 3.4 per cent between the fourth quarter of last year and the end of [...]
UK economy upgraded by IMF forecast. Here’s what else the World Economic Outlook expects July 24, 2014 Ahead of gross domestic product (GDP) second quarter estimates on Friday, which are expected to show that the British economy has surpassed its 2008 peak, the UK has received another boost in the form of an IMF forecast upgrade. The Washington-based fund, which pulled no punches in its criticism of the government's austerity programme last [...]
IMF upgrades UK growth expectations again but trims global growth forecast for 2014 to 3.4pc July 24, 2014 The International Monetary fund has slashed its global growth forecast to 3.4 per cent, down 0.3 per cent on its April estimates, following weak economic data from the United States and emerging economies. The surprise fall in US gross domestic product for the first three months of the year, which plunged 2.9 per cent year [...]
IMF slaps Germany with minimum wage warning July 21, 2014 The latest report by the International Monetary Fund (IMF) on the German economy was just released, and as you might expect, it’s a fairly glowing report. But on at least one area, Germany’s new €8.50 (£6.73) minimum wage, the Fund is warning that the European powehouse could run into trouble. The staff give [...]