Economic growth in China will slow down in the coming years, weighed down mainly by the uncertainty related to the crisis in the real estate sector and by the international context, the International Monetary Fund (IMF) predicted on Friday. The country’s Gross Domestic Product (GDP) will stand at 4.6% this year, following the upward revision […]
Tag: IMF
Traffic in the Red Sea falls 30% due to Houthi attacks, according to the IMF
Merchant ship traffic through the Red Sea has dropped by 30% this year due to attacks by Yemen’s Houthi rebels, the International Monetary Fund said Wednesday. “Merchant ship traffic (…) decreased by almost 30%“, indicated Jihad Azour, director of the Middle East and Central Asia department of the IMF, highlighting that “trade decline accelerated earlier […]
IMF estimates that central banks will lower interest rates in the coming months
He International Monetary Fund (IMF) estimated this Tuesday that the main central banks world will begin to lower interest rates in the coming months, expectedly in the second half of this year. “What we are seeing is that central banks will delay easing until the second half of 2024. And that is when we anticipate […]
IMF warns of risk for Argentina if lasting fiscal consolidation is not applied
He International Monetary Fund (IMF) warned this Tuesday of the risks for Argentina If your president, Javier Mileifails to implement its economic plans and the country does not apply “lasting fiscal consolidation.” This is what the IMF chief economist, Pierre-Olivier Gourinchas, estimated in a press conference: “The biggest risk going forward is whether this fiscal […]
IMF deputy managing director urges central banks to “act cautiously”
The deputy managing director of International Monetary Fund (IMF)Gita Gopinath, has urged central banks to “act with caution” and has estimated that, with the information currently available, the rate cuts would occur in the second half, not the first. The central banks “They must act with caution. “Once rates are cut, expectations of further cuts […]
Argentina celebrates agreement with the IMF for a new disbursement to pay maturities
He Argentine government considers that the agreement reached yesterday with the International Monetary Fund (IMF)for which the multilateral organization will disburse US$ 4.7 billion for the country to face its next debt maturities, complies with “the proposed path” by the Ministry of Economy. “For the first time in history it is not the Fund that […]
Merchandise traffic in the Red Sea falls 46% since the start of Houthi attacks
The traffic of goods through the Bab el Mandeb pass, in the Red Seais today 46% lower than since the beginning of the attacks on navigation by the Yemeni militias on November 19, and 53% less than what was recorded on January 7 of the previous year, according to data from Port Watch. Port Watch, […]
Javier Milei confirms meeting with the IMF to renegotiate debt maturities
The Argentine president, Javier Milei, confirmed this Sunday that “starts tomorrow (Monday)”he meeting with the high-level delegation of the International Monetary Fund (IMF) for the renegotiation of debt maturities after technical conversations over the weekend with his economic team, which delayed the meeting. “They start tomorrow. “I’m not necessarily going to be there tomorrow.”said the […]
José de Echave: “Neither the Executive nor Congress have the will for a tax reform”
Chili received 2024 with the beginning of a new royalty law for large copper mining, called mining royalty, which will allow it to raise US$1,350 million annually. The measure was presented by President Gabriel Boric and the Senate. De Echave recounts the need to apply a mining tax reform and warns, despite the territorial proximity, […]
Javier Milei is left without his aggressive labor reform
2024 starts on the wrong foot for the ultraliberal economist and president of Argentina, Javier Milei, after the Justice of that country determined that his labor reform proposal, presented as a decree of necessity and urgency (DNU), is unfeasible. Temporarily, the National Chamber of Labor Appeals of the neighboring country to the south decided this […]