IMF Alerts: US Fiscal Deficit Threatens Global Economic Stability
The IMF warns that the U.S. fiscal deficit, projected to reach 7.1% of GDP, poses significant risks to the global economy, urging policy action to address spending imbalances.
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IMF Chief Economist Warns Trade Restrictions Will Backfire
IMF economist warns that trade-restrictive measures may distort trade and harm the very countries implementing them.
China’s Economic Surge: Driving Global Recovery in a Turbulent World
Amid ongoing geopolitical tensions and economic uncertainties, China’s impressive Q1 2024 growth boosts global recovery, highlighting its role as a key engine in the world economy.
IMF Chooses Kristalina Georgieva for a Second Term as Managing Director
Kristalina Georgieva has been selected by the IMF Executive Board to continue her role as Managing Director for a second five-year term starting October 1, 2024.
Chinese Vice Premier and IMF Chief Collaborate on Global Economic Stability
Chinese Vice Premier He Lifeng and IMF Managing Director Kristalina Georgieva discussed the global economy in Beijing, emphasizing China’s role in fostering stability and high-quality development.
Chinese Premier Seeks Enhanced Partnership with IMF to Sustain Global Growth
Chinese Premier Li Qiang highlights the importance of closer collaboration with the IMF to achieve a 5% GDP growth, underpinning global economic recovery.
IMF Investigates Cyber Attack Compromising Employee Emails
The International Monetary Fund is investigating a cyber attack that compromised eleven email accounts, detected on February 16, 2024.
IMF Reports China’s Economy Hits 5% Growth in 2023 Post-COVID Reopening
The IMF reports China’s GDP grew by 5% in 2023, driven by domestic demand and supportive policies, as the nation rebounds post-COVID.
African Debt Crisis: Health, Education Cut to Dodge Defaults
Africa’s rising debt burdens are forcing nations to slash spending on health and education, threatening future generations despite minimal defaults so far.
IMF: Time for a New Approach to Reflect a Decade of Global Economic Shifts
Experts call for the IMF to adapt its frameworks to better reflect the transformative changes in the global economy over the past decade, emphasizing the importance of timely reforms.