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IMF: Brexit could fundamentally alter the shape of the British economy

International Monetary Fund says that financial services are likely to be the sector most impacted, although manufacturing may also face significant changes.
Women dressed in ethnic costumes perform in an outdoor production called "Impression Lijiang", held on a man made stage on the Jade Dragon Snow Mountain, 3,100m (10,170 feet) above sea level, near Lijiang city in southwestern China's Yunnan province July 23, 2006. About 500 amateur performers from 10 ethnic minority groups took part in the $31-million production by acclaimed Chinese director Zhang Yimou.

China’s ballooning debt is a major threat to global financial stability, IMF warns

"The system’s increasing complexity has sown financial stability risks," the IMF’s assessment said.

Post-Brexit market fragmentation in Europe would be ‘costly,’ IMF No. 2 says

Speaking at UBS' annual European Conference, David Lipton said that Brexit will serve to focus "our minds on the future of the financial system architecture."
Xi Jinping

Xi has prepared China for a future that is both clear and dark

By failing to unveil plans for his succession Xi signaled that China's newest phase of authoritarianism has begun. The country's economy is part of why.
Gallery workers next to "Teoria" by Eduardo Basualdo at the Frame Gallery's stand at the Frieze Art Fair in central London in 2013.

Americans have more debt than ever — and it’s creating an economic trap

A new International Monetary Fund report finds that high levels of household debt can deepen recessions. US households are more indebted than ever.

$30 billion per year: IMF reportedly calculates bailout costs for crisis-hit Venezuela

The IMF has estimated inflation could rise to 2,300% by the end of 2018 and said the crisis has "no end in sight."

The IMF says the super-wealthy aren’t paying their fair share of taxes — and there could be terrible consequences

Go ahead, tax the rich, they can afford it. That's the message from a new International Monetary Fund report that also finds inequality hampers long-run economic growth.

The IMF is catching up to the prospect that Trump won’t deliver tax cuts

The International Monetary Fund's latest forecast on the US economy is slightly weaker because it is no longer assuming Donald Trump will manage to cut taxes.

Inequality is getting so bad it’s threatening the very foundation of economic growth

In many countries, the richest 1% have benefited disproportionately from economic growth in recent years, the IMF says.