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  • COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva Nov 19, 2020 07:10 PM IST

    COVID-19 impact: Global economy recovering, but may be losing momentum, says IMF chief Kristalina Georgieva

    The report, released ahead of this week's virtual meetings of finance officials and leaders from the Group of 20 countries, underscored the uneven nature of the global recovery and warned the crisis would likely leave deep, unequal scars.

  • COVID-19 has resulted in largest global economic contraction in 80 years, say World Bank and IMF Oct 16, 2020 10:07 PM IST

    COVID-19 has resulted in largest global economic contraction in 80 years, say World Bank and IMF

    The monetary institutions warned that the humanitarian crisis can further exacerbate fragility, conflict, and violence as well as intensify risks, including in small island states.

  • Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass Oct 15, 2020 01:27 PM IST

    Coronavirus Impact | World experiencing deepest recessions since Great Depression, says World Bank President David Malpass

    The World Bank is encouraging countries to spend in the first instance on health programmes, on social programmes, and on education, World Bank President David Malpass said, adding that a critical step for countries is to reopen schools

  • Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF Oct 13, 2020 06:41 PM IST

    Coronavirus impact | World economy in deep recession in 2020, growth to be -4.4%: IMF

    In its latest World Economic Outlook report, the International Monetary Fund also said the swift recovery in China has surprised on the upside while the global economy’s long ascent back to pre-pandemic levels of activity remains prone to setbacks.

  • World economy faces long, hard climb out of pandemic, says IMF Chief Kristalina Georgieva Oct 06, 2020 09:31 PM IST

    World economy faces long, hard climb out of pandemic, says IMF Chief Kristalina Georgieva

    Georgieva said the IMF was continuing to project a "partial and uneven" recovery in 2021.

  • IMF urges infrastructure investment to boost post-COVID growth Oct 06, 2020 12:20 PM IST

    IMF urges infrastructure investment to boost post-COVID growth

    The IMF said in chapters from it fiscal monitor that its research shows public investment in infrastructure, including investments in health care systems, digital infrastructure and addressing climate change can pay back more than two to one in economic growth within two years.

  • COVID-19 impact | Child mortality rate in developing countries may shoot up to 45%: World Bank Oct 05, 2020 11:07 PM IST

    COVID-19 impact | Child mortality rate in developing countries may shoot up to 45%: World Bank

    World Bank President David Malpass said developing countries might face difficulties in administering education amid the COVID-19 pandemic, which may further lead to significant issues for them in the future

  • India needs fresh fiscal stimulus to tide over COVID-19 crisis, says IMF Sep 10, 2020 10:39 PM IST

    India needs fresh fiscal stimulus to tide over COVID-19 crisis, says IMF

    In the short term, a well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, the IMF spokesperson said.

  • US economy faces significant risks, long road to recovery: IMF Jul 17, 2020 10:42 PM IST

    US economy faces significant risks, long road to recovery: IMF

    After concluding a regular Article IV review of the world's largest economy, IMF staff cited other risks, including a big increase in government and corporate debt levels, and the prospect of a long period of low, or even negative, inflation.

  • India has room for more near term fiscal support given severity of economic situation: IMF Jul 10, 2020 05:20 PM IST

    India has room for more near term fiscal support given severity of economic situation: IMF

    Gaspar said the near term growth outlook in India continues to be clouded by global and domestic slowdown and uncertainties relating to the evolution of the coronavirus pandemic

  • IMF calls for global fiscal reform after coronavirus crisis Jul 08, 2020 08:22 PM IST

    IMF calls for global fiscal reform after coronavirus crisis

    For the first time ever, global public debt is seen rising to above 100 percent of combined GDP after governments responded to the health crisis, Furusawa said.

  • COVID-19 pandemic poses risk to Indian economy: IMF Asia Director Chang Yong Rhee Jun 30, 2020 07:59 PM IST

    COVID-19 pandemic poses risk to Indian economy: IMF Asia Director Chang Yong Rhee

    Recently, the International Monetary Fund (IMF) in its report projected the Indian economy to contract by -4.5 per cent in 2020, which is the slowest Indian growth that it has in its record since 1961.

  • IMF chief Georgieva says coronavirus crisis could ultimately test $1 trillion war chest Jun 26, 2020 10:14 PM IST

    IMF chief Georgieva says coronavirus crisis could ultimately test $1 trillion war chest

    Georgieva told a Reuters Newsmaker webcast event that it was now clear that an economic recovery would have to get underway without a medical breakthrough and the virus' presence still widespread throughout the world.

  • IMF sees 'profound uncertainty' about global recovery Jun 16, 2020 10:04 PM IST

    IMF sees 'profound uncertainty' about global recovery

    Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises, with the services sector hit harder than manufacturing in both advanced and emerging market economies, and inflation low across the board.

  • G7 says debt relief initiative for poorest nations can be extended beyond 2020 Jun 04, 2020 06:57 PM IST

    G7 says debt relief initiative for poorest nations can be extended beyond 2020

    These nations welcomed efforts of the international financial institutions (IFIs) to amplify their support for the most vulnerable countries.

  • IMF chief warns full global economic recovery unlikely in 2021 May 18, 2020 08:50 PM IST

    IMF chief warns full global economic recovery unlikely in 2021

    Managing Director Kristalina Georgieva said the Fund was likely to revise downward its forecast for a 3 percent contraction in GDP in 2020, with only a partial recovery expected next year instead of the 5.8 percent rebound initially expected.

  • Developing economies could see sharper recession in 2020, World Bank warns Apr 24, 2020 10:15 PM IST

    Developing economies could see sharper recession in 2020, World Bank warns

    In a blog posting on the Bank's website, officials said the preliminary baseline scenario forecast a "grim" 2 percent drop in economic output in developing countries, the first contraction in these economies since 1960 and a sharp swing from average growth of 4.6 percent over the last 60 years.

  • IMF's Kristalina Georgieva says coronavirus crisis is worst since Great Depression Apr 20, 2020 07:15 PM IST

    IMF's Kristalina Georgieva says coronavirus crisis is worst since Great Depression

    The fallout from the virus will mean that 170 countries will have negative economic growth this year, she told a videoconference press briefing for the Bulgarian media.

  • IMF steering committee says will review adequacy of International Monetary Fund resources Apr 16, 2020 09:04 PM IST

    IMF steering committee says will review adequacy of International Monetary Fund resources

    In a joint statement, the 24-member International Monetary and Financial Committee reaffirmed its commitment to a strong, quota-based and adequately resourced Fund, and said the IMF should draw on relevant experience from previous crises.

  • US opposes massive liquidity IMF boost: Steven Mnuchin Apr 16, 2020 08:27 PM IST

    US opposes massive liquidity IMF boost: Steven Mnuchin

    The move was first floated by IMF Managing Director Kristalina Georgieva last month and is supported by many finance ministers, prominent economists and non-profit groups.

  • IMF predicts V-shaped recovery in 2021 Apr 15, 2020 10:34 AM IST

    IMF predicts V-shaped recovery in 2021

    But this year, the world must brace for the biggest recession since the Great Depression

  • Great Depression-sized slowdown seen, but some light appears Apr 14, 2020 09:28 PM IST

    Great Depression-sized slowdown seen, but some light appears

    The wave of layoffs and furloughs have been massive. Companies continue to shed jobs, though most vow to bring people back into the workplace as soon as it is safe.

  • How to end coronavirus lockdowns? Technology, tests, coordination Apr 14, 2020 07:50 PM IST

    How to end coronavirus lockdowns? Technology, tests, coordination

    As governments grapple with when and how to reopen their countries for business, the International Monetary Fund projected that the world economy will suffer its worst year since the Great Depression in the 1930s.

  • Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF Apr 14, 2020 06:30 PM IST

    Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF

    Under the Fund's best-case scenario, the world is likely to lose a cumulative $9 trillion in output over two years - greater than the combined GDP of Germany and Japan, Gopinath added.

  • Coronavirus pandemic | IMF approves debt relief for 25 poor countries Apr 14, 2020 07:58 AM IST

    Coronavirus pandemic | IMF approves debt relief for 25 poor countries

    The countries benefitting are nearly all in Africa, but also include Afghanistan, Yemen and Haiti.

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