Home Tags IMF

Tag: IMF

EU Commissioner Georgieva holds a news conference in Brussels

IMF chief says the global economy is already stuck in a coronavirus-fueled recession — and only a coordinated worldwide effort will save it

Countries should use their entire policy arsenal to combat the virus, Kristalina Georgieva, chairwoman of the International Monetary Fund, said.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank's 2019 Annual Meetings of finance ministers and bank governors, in Washington

IMF warns the looming coronavirus recession will be at least as bad as the Global Financial Crisis

"The economic impact is and will be severe, but the faster the virus stops, the quicker and stronger the recovery will be," said Kristalina Georgieva

The IMF is ready to mobilize $1 trillion as nations fear a virus-driven global downturn

"The case for a coordinated and synchronized global fiscal stimulus is becoming stronger by the hour," the IMF's Kristalina Georgieva said.

‘Money and life and death’: Larry Summers calls for 4 economic policies to combat coronavirus

The former US Treasury Secretary wants accessible credit, tariff cuts, government spending, and multinational aid.
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017.

These 4 policy tools have been used by central banks and organizations to fight the economic fallout from coronavirus

The Federal Reserve was among the first authorities to boost stimulus amid the escalating virus by cutting its benchmark interest rate Tuesday.

Stocks tumble as coronavirus fears overpower stimulus efforts

Investors weren't impressed by US and Chinese officials and the International Monetary Fund's efforts to mitigate the epidemic's economic impacts.

IMF slashes key growth forecast and warns against ‘a more adverse scenario for the global economy’ as coronavirus spreads

The IMF revised its 2020 forecast for global growth to below the 2.9% rate seen in 2019, a break with previous expectations for GDP to pick up.

Donald Trump is endangering America’s status as global leader, Christine Lagarde has warned

The incoming ECB boss discussed the US president, the trade war, Brexit, and other economic risks and uncertainties during a "60 Minutes" interview.

China’s growth slumped to a record low last quarter — and it could drop even lower next year, the IMF warns

"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."

Trade wars could slow global growth to weakest pace since financial crisis, IMF warns

Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.