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The global economy could lose $430 billion by 2020 if the trade war escalates and President Donald’s Trump’s new tariff threats are carried out, the International Monetary Fund has warned.
The managing director of the IMF, Christine Lagarde has warned that clouds accumulating on the horizon of the global economy are “getting darker by the day.”
The IMF reached a staff-level agreement Thursday to offer Argentina, which requested aid last month when its currency hit an all-time low, a $50 billion loan as part of a three-year standby program. The credit line seeks to rein in soaring twin deficits in the country and prop up the Argentine peso.
African and Middle Eastern countries ravaged by war and famine remain the poorest in the world, according to data published by the International Monetary Fund.
Size doesn't always mean wealth when it comes to the world's richest countries, according to data published in April by the International Monetary Fund.
‘Everything’ in Argentina is 20% to 30% overvalued and a crisis is on the way, according to an economist
A financial crisis has been building in Argentina for years, but was hidden by an inflationary bubble which politicians refused to look at because they wanted to "avoid the pain," said Daniel Lacalle, chief economist at Tressis SV and a fund manager at Adriza International Opportunities.
Argentina is seeking emergency credit from the International Monetary Fund (IMF) in an effort to prevent another financial crisis, after three consecutive interest rate rises last week failed to stop the decline of the Argentine peso against the dollar.
Key risks include a record pile of leveraged corporate lending, external debt issues for emerging markets, and European banks' reliance on volatile sources of short-term dollar funding.
The Federal Reserve, IMF, and WTO are all warning President Trump to back off from his recent tariffs and trade battles.
How Christine Lagarde planned to use EU rules to force business from London to Paris — 7 years before Brexit
Kay Swinburne told BI: "My French colleagues were obviously on a mission from 2009 to try and actually get, before Brexit, as much back to Paris as they could."