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Shipping containers are seen piled up at a port in Qingdao, Shandong province December 10, 2013.

IMF: The US trade war could cost the global economy $430 billion

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.
Christine Lagarde, head of the International Monetary Fund (IMF), attends a conference at the Cannes Lions Festival in Cannes

IMF: Clouds over the global economy are ‘darker by the day’

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.”
People shout slogans as they hold a banner that reads "Damned increase of utility tariffs" during a demonstration to demand jobs and social benefits in Buenos Aires, Argentina.

Argentina looks set to get a $50 billion bailout — the biggest loan in the IMF’s history

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.
A cityscape of Dakar is seen from the top of African Renaissance hill, Senegal December 19, 2016.

RANKED: The 28 poorest countries in the world — where people live on less than $1,000 per year

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.

RANKED: The 29 richest countries in the world

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.
Argentina's President Macri arrives for a news conference in Buenos Aires

‘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's president Mauricio Macri speaks during a meeting with Chile's President Michelle Bachelet at the government house during his official visit in Santiago

Argentines in shock as the government returns to the IMF for an emergency $30 billion loan

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.
Traders and financial professionals work ahead of the opening bell on the floor of the New York Stock Exchange (NYSE), April 5, 2018 in New York City. After a chaotic trading day on Wednesday, the Dow opened up over 150 points on Thursday morning. Markets continue to be on edge due to concerns over a potential trade war between the U.S. and China.

Wall Street is sleepwalking past 3 looming market risks

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.

Trump’s trade fight is getting blasted by some of the most powerful economic groups in the world

The Federal Reserve, IMF, and WTO are all warning President Trump to back off from his recent tariffs and trade battles.
Christine Lagarde, Managing Director of the International Monetary Fund.

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."