Category: imf

The International Monetary Fund has further lowered its forecasts for global economic growth this year.   In its World Economic Outlook published today, the IMF said economies around the world have been more negatively impacted in the first half of the year than it had anticipated and recovery has been more gradual than previously forecast.   […]

International Monetary Fund Managing Director Kristalina Georgieva said it was “very likely” the Fund would cut global growth forecasts further as the coronavirus pandemic was hitting many economies harder than previously projected. “Incoming data from many countries is worse than our already pessimistic projections,” Georgieva said during a webcast conference sponsored by the Financial Times. […]

Former IMF deputy director general Donal Donovan said he believes it is possible for a “fairly quick rebound” once the coronavirus crisis passes and confidence returns to the Irish economy.  Mr Donavan said that this crisis is quite unlike the situation in 2008/2009, when banks went bust, the construction industry collapsed and there was huge […]

The International Monetary Fund has announced immediate debt relief for 25 poor countries to help them free up funds to fight the coronavirus pandemic. “This provides grants to our poorest and most vulnerable members to cover their IMF debt obligations for an initial phase over the next six months and will help them channel more […]

The global coronavirus pandemic is causing an economic crisis unlike any in the past century and will require a massive response to ensure recovery, International Monetary Fund chief Kristalina Georgieva said today. She warned that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline […]

The International Monetary Fund has announced that it’s to make $50bn in emergency financing available for low income and emerging market countries to counter the impact of the corona virus outbreak. Its Managing Director, Kristalina Georgieva, said the outbreak is a ‘global problem calling for a global response.’ The IMF expects the global supply of […]

IMF sees euro as undervalued, ECB policy support necessary – document The International Monetary Fund believes the European Central Bank must maintain supportive monetary policy, an EU document seen by Reuters showed. The document anticipated the content of a report the IMF will present to euro zone finance ministers next week. The fund also intends […]

No deal Brexit risks severe economic shock, IMF warns The UK economy risks a serious shock if the UK leaves the EU without a deal, the International Monetary Fund said today, warning of severe trade disruption and slower economic growth. In a report marking the coming spring meeting, published just days before the scheduled Brexit […]