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Central banks must maintain a “higher for longer” rate approach, according to the IMF

Central banks must maintain a “higher for longer” rate approach, according to the IMF Central banks must maintain a “higher for longer” rate approach, according to the IMF

Central banks around the world need to make clear to financial markets the likely need for interest rates to stay higher for longer to sustainably return inflation to target and avoid a rebound in pressures. on prices, the International Monetary Fund said on Thursday. The warning has been issued against a backdrop of significantly loosening […]

IMF believes that “riots and political paralysis” will harm the Latin American economy

IMF believes that “riots and political paralysis” will harm the Latin American economy IMF believes that “riots and political paralysis” will harm the Latin American economy

The IMF explains that growing social discontent and declining trust in public institutions has been a major trend in the region for some time. The International Monetary Fund (IMF) warned this Wednesday, February 1 that The riots and political paralysis that are being experienced in different regions of Latin America could have consequences for the […]

Davos 2023: Inflation slows, but no end in sight to cost-of-living crisis

Davos 2023: Inflation slows, but no end in sight to cost-of-living crisis Davos 2023: Inflation slows, but no end in sight to cost-of-living crisis

According to experts gathered in Davos 2023global inflation is likely to have peaked, but the cost-of-living crisis facing developing countries and people with lower incomes is unlikely to abate anytime soon. Gita Gopinath, deputy managing director of the International Monetary Fund, participated in the Forum session “Stop the cost of living crisis”: “We believe that, […]

Chilean economy “is propped up” despite “downside risks”, concludes IMF

Chilean economy “is propped up” despite “downside risks”, concludes IMF Chilean economy “is propped up” despite “downside risks”, concludes IMF

The International Monetary Fund (IMF) concluded this Friday that although “downside risks persist, Chile’s resilience is underpinned by extremely solid economic and political fundamentals.” After the Article IV Consultation with Chile, the international organization stated in a statement that the Chilean economy is undergoing “a necessary transition towards sustainable growth in the midst of a […]

China’s recovery could be very fast, says IMF’s Gopinath

China’s recovery could be very fast, says IMF’s Gopinath China’s recovery could be very fast, says IMF’s Gopinath

China could see a strong recovery in economic growth starting in the second quarter based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. “We expect growth in China to return, pick up”, Gopinath told Reuters in an interview at the World Economic Forum […]

Global growth will bottom out this year, says IMF’s Georgieva

Global growth will bottom out this year, says IMF’s Georgieva Global growth will bottom out this year, says IMF’s Georgieva

International Monetary Fund Managing Director Kristalina Georgieva said Tuesday that global economic growth is expected to bottom out in 2023 despite the ongoing war in Ukraine and rising interest rates. Speaking at a panel at the World Economic Forum in Davos, Georgieva reaffirmed an IMF projection that global growth will slow to 2.7% this year […]

Global economy faces a tougher year in 2023, says IMF

Global economy faces a tougher year in 2023, says IMF Global economy faces a tougher year in 2023, says IMF

For much of the World economy2023 will be a difficult year, since the main engines of growth, the United States, Europe and China, will experience a weakening of activityas commented, this Sunday, January 1, the managing director of the International Monetary Fund (IMF), Kristalina Georgieva. The new year is going to be “tougher than the […]

Poorest countries need US$ 436,000 million for consequences of the COVID

Poorest countries need US$ 436,000 million for consequences of the COVID Poorest countries need US$ 436,000 million for consequences of the COVID

Of that amount, $170 billion is to address the effects of the pandemic, such as learning loss and worsening poverty, and bolster reserves. The rest is needed to help low-income countries reach the median ratio of spending to gross domestic product in emerging markets by 2026, according to a report released Thursday by the Washington-based […]

IMF says governments must protect vulnerable ‘when things fall apart’ to avoid unrest

IMF says governments must protect vulnerable ‘when things fall apart’ to avoid unrest IMF says governments must protect vulnerable ‘when things fall apart’ to avoid unrest

The International Monetary Fund (IMF) affirmed that governments must direct their fiscal support to the vulnerable populations most affected by the rise in the price of energy and food, and who now face growing food insecurity due to Russia’s war in Ukraine. Rising food and energy prices have increased the risks of social unrest, particularly […]