International Monetary Fund (IMF) managing director Kristalina Georgieva has announced that Gita Gopinath, the Fund’s first female chief economist and director of the research department, intends to leave in January 2022 and return to Harvard University’s economics department as planned when her public service leave ends.

The global economy is expected to grow 5.9 percent this year, only slightly lower than projected in July, before slowing to 4.9 percent in 2022, the IMF report said. But the overall figures mask large downgrades and ongoing struggles for some countries, including the United States, Germany and Japan that are feeling the impact of … Continue reading IMF warns supply snarls slowing global recovery

IMF lowers global growth outlook

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Persistent supply chain disruptions and inflation pressures are constraining the global economy’s recovery from the Covid-19 pandemic, the International Monetary Fund (IMF) said on Tuesday as it cut growth outlooks for the United States and other major industrial powers.

India is projected to retain the tag of fastest growing economy in the world with the International Monetary Fund (IMF) forecasting 8.5 per cent growth for the year 2022. In its latest World Economic Outlook report, released on Tuesday, the IMF said that Indian economy is expected to grow by 9.5 per cent in 2021 … Continue reading India to grow at 8.5% in 2022, will retain fastest growing economy tag: IMF

The International Monetary Fund (IMF) expects global economic growth in 2021 to fall slightly below its July forecast of 6%, IMF chief Kristalina Georgieva said on Tuesday, citing risks associated with debt, inflation and divergent economic trends in the wake of the Covid-19 pandemic.

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution’s lending capacity by $650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries.

The International Monetary Fund (IMF) slashed India’s growth forecast to 9.5 per cent for the fiscal year 2021-22, a report released on Tuesday showed. Previously in April, IMF had projected India’s gross domestic product (GDP) to grow at 12.5 per cent.

The global economy, ravaged by the Covid-19 pandemic, is projected to grow at 5.5 per cent in 2021 and 4.2 per cent in 2022, the International Monetary Fund (IMF) said on Tuesday, reflecting the expectations of a vaccine-powered strengthening of business activities later in the year and additional policy support in a few large economies.

The International Monetary Fund (IMF) on Tuesday projected an impressive 11.5 per cent growth rate for India in 2021, making the country the only major economy of the world to register a double-digit growth this year amidst the coronavirus pandemic.

The head of the International Monetary Fund (IMF) said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a growing divergence between rich and poor countries required the IMF to find more resources.

China is recovering fast ahead of most large economies, but the recovery is still unbalanced and facing significant downside risks, the IMF has said, projecting an eight per cent growth rate for the world’s second largest economy in 2021. ​​However, the main concern around the Chinese recovery that the International Monetary Fund (IMF) has is … Continue reading IMF says China recovering fast ahead of most big economies

Congress leader Rahul Gandhi on Wednesday took a dig at the government over IMF growth projections showing Bangladesh closing in on India in terms of per capita GDP this year and described it as a “solid achievement” of six years of BJP’s “hate-filled cultural nationalism”. Indian economy, severely hit by Covid-19, is projected to contract … Continue reading Rahul criticises govt as IMF slashes GDP forecast

Indian economy, severely hit by the coronavirus pandemic, would be well placed to start recovering from the “horrible crisis” with the govt making efforts on both the fiscal and monetary side in addition to putting in place structural elements, a top IMF official said. The IMF in its annual World Economic Outlook significantly downgrades India’s … Continue reading Indian eco will recover from Covid crisis: IMF official

The global economy is showing signs of bouncing back from the severe downturn caused by the global coronavirus pandemic, but a full recovery is “unlikely” without a vaccine, IMF chief Kristalina Georgieva said. “The recovery remains very fragile and uneven across regions and sectors. To ensure that the recovery continues, it is essential that support … Continue reading Global economic crisis ‘far from over’: IMF chief

India’s concerted efforts to strengthen the business climate and encourage investment in trade have helped attract investment, but the country needs further economic reforms to ensure sustainable and more inclusive growth, according to the IMF. In recent weeks, several international companies have pledged $20 billion FDI in India, and a whopping $40 billion this year … Continue reading India needs more reforms to attract investment: IMF

The International Monetary Fund projected a sharp contraction of 4.5% for the Indian economy in 2020, a “historic low,” citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust six per cent growth rate.

The IMF will likely forecast a worse contraction in the global economy than previously estimated for 2020 and sees “profound uncertainty” about the path of recovery, IMF chief economist Gita Gopinath said in a new blog. Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than … Continue reading IMF sees ‘profound uncertainty’ about global recovery