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#uk-economy

IMF warns on Trump's plans but upgrades UK outlook

IMF has upgraded the UK growth forecast to 1.6% for this year, despite global uncertainties.

UK interest rates will stay high unless service sector inflation falls, says IMF

The IMF warns the UK about potential higher interest rates due to persistent service sector inflation.

IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances

IMF urges tax increases and spending cuts for sustainable public finances in the UK. Immediate action is critical to prevent exacerbation of existing issues.

UK economy to grow by 1.6% this year, IMF - London Business News | Londonlovesbusiness.com

UK economy projected to grow by 1.6% in 2023, reflecting improved real incomes and consumption.

Reeves' 40bn tax rises will boost growth sustainably', says IMF

The IMF supports Rachel Reeves' budget, emphasizing its role in sustainable economic growth.
Labour's budget marks a significant shift from previous austerity measures towards increased public investment.

IMF warns Jeremy Hunt against further tax cuts in March Budget

The IMF has warned Jeremy Hunt against cutting taxes in the March Budget due to Britain's ageing population and mounting debt pile.
The IMF argues that funding the transition to net zero and protecting public services will require higher spending in the medium term.

IMF warns on Trump's plans but upgrades UK outlook

IMF has upgraded the UK growth forecast to 1.6% for this year, despite global uncertainties.

UK interest rates will stay high unless service sector inflation falls, says IMF

The IMF warns the UK about potential higher interest rates due to persistent service sector inflation.

IMF urges Rachel Reeves to raise taxes and rein in spending to stabilise UK public finances

IMF urges tax increases and spending cuts for sustainable public finances in the UK. Immediate action is critical to prevent exacerbation of existing issues.

UK economy to grow by 1.6% this year, IMF - London Business News | Londonlovesbusiness.com

UK economy projected to grow by 1.6% in 2023, reflecting improved real incomes and consumption.

Reeves' 40bn tax rises will boost growth sustainably', says IMF

The IMF supports Rachel Reeves' budget, emphasizing its role in sustainable economic growth.
Labour's budget marks a significant shift from previous austerity measures towards increased public investment.

IMF warns Jeremy Hunt against further tax cuts in March Budget

The IMF has warned Jeremy Hunt against cutting taxes in the March Budget due to Britain's ageing population and mounting debt pile.
The IMF argues that funding the transition to net zero and protecting public services will require higher spending in the medium term.
moreuk-economy
#global-economy

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

Yellen criticized China's lending practices and called for swift global debt relief for disadvantaged nations to support their development efforts.

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

IMF predicts steady 3.3% global growth, but less in Germany DW 01/17/2025

India and China will lead global economic growth over the next two years, while the U.S. may benefit from a neoliberal approach under the new administration.

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

Governments must reduce mounting public debt levels to ensure economic stability and avoid future crises.

Behind the IMF's warning to Biden and Congress on deficit spending

The IMF alarm about US fiscal slippages and growing public debt, impact on global economy. Costly servicing US debt increases with deficit spending.

Yellen Rebukes Chinese Lending Practices in Call for Debt Relief

Yellen criticized China's lending practices and called for swift global debt relief for disadvantaged nations to support their development efforts.

The world's $100 trillion fiscal timebomb keeps ticking

IMF urges global finance leaders to address rising public debt and prepare for economic shocks.

IMF predicts steady 3.3% global growth, but less in Germany DW 01/17/2025

India and China will lead global economic growth over the next two years, while the U.S. may benefit from a neoliberal approach under the new administration.

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

Governments must reduce mounting public debt levels to ensure economic stability and avoid future crises.

Behind the IMF's warning to Biden and Congress on deficit spending

The IMF alarm about US fiscal slippages and growing public debt, impact on global economy. Costly servicing US debt increases with deficit spending.
moreglobal-economy
#economic-growth

The IMF forecasts a sharp drop in inflation-but China's growth is set to slow

The global war against inflation has largely been won with minimal impact on economic growth.

Germany Avoids Recession, but Weak Growth Weighs on Europe

Europe's economic recovery remains sluggish, especially compared to the U.S., primarily due to structural weaknesses and the ongoing impact of the Ukraine war.

The Future of Financial Sovereignty for Developing Nations: IMF vs Bitcoin - PART 2 | HackerNoon

El Salvador's adoption of Bitcoin exemplifies a shift towards financial independence and challenges the traditional power of institutions like the IMF.

UK economy to grow by 1.6% this year after weaker-than-expected 2024 IMF

The Independent advocates for accessible journalism and real-time reporting on significant issues like reproductive rights and economic forecasts.

Why does the IMF predict strong Russian growth despite sanctions?

The IMF has raised its growth outlook for Russia's economy this year, despite sanctions imposed for its invasion of Ukraine.
The IMF has downgraded its expectations for the eurozone's growth forecast, with European nations trailing behind Russia.

The IMF forecasts a sharp drop in inflation-but China's growth is set to slow

The global war against inflation has largely been won with minimal impact on economic growth.

Germany Avoids Recession, but Weak Growth Weighs on Europe

Europe's economic recovery remains sluggish, especially compared to the U.S., primarily due to structural weaknesses and the ongoing impact of the Ukraine war.

The Future of Financial Sovereignty for Developing Nations: IMF vs Bitcoin - PART 2 | HackerNoon

El Salvador's adoption of Bitcoin exemplifies a shift towards financial independence and challenges the traditional power of institutions like the IMF.

UK economy to grow by 1.6% this year after weaker-than-expected 2024 IMF

The Independent advocates for accessible journalism and real-time reporting on significant issues like reproductive rights and economic forecasts.

Why does the IMF predict strong Russian growth despite sanctions?

The IMF has raised its growth outlook for Russia's economy this year, despite sanctions imposed for its invasion of Ukraine.
The IMF has downgraded its expectations for the eurozone's growth forecast, with European nations trailing behind Russia.
moreeconomic-growth
#economy

IMF's Gita Gopinath U.S. voters' view of inflation

Gita Gopinath highlighted the disconnect between perceived inflation impacts and the actual robustness of the global economy.

UK set to be the fastest growing European economy as IMF forecast gives Reeves boost

The IMF forecasts that the UK will be the fastest-growing major European economy over the next two years.

IMF promises Pakistan immediate' release of $1.1bn loan after key meet

Pakistan seeks $1.1bn IMF loan tranche for ailing economy, emphasizes need for deep reforms.

IMF's Gita Gopinath U.S. voters' view of inflation

Gita Gopinath highlighted the disconnect between perceived inflation impacts and the actual robustness of the global economy.

UK set to be the fastest growing European economy as IMF forecast gives Reeves boost

The IMF forecasts that the UK will be the fastest-growing major European economy over the next two years.

IMF promises Pakistan immediate' release of $1.1bn loan after key meet

Pakistan seeks $1.1bn IMF loan tranche for ailing economy, emphasizes need for deep reforms.
moreeconomy
#egypt

IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances

Egypt reaches agreement with the IMF to unlock $1.2bn, contingent on fiscal reforms and divestment of state-owned firms.

Egypt raises fuel prices to lock in IMF loan tranche

Egypt raises fuel prices by 15% to meet IMF demands and unlock loans.

IMF, Egypt reach deal to unlock $1.2bn to shore up strained public finances

Egypt reaches agreement with the IMF to unlock $1.2bn, contingent on fiscal reforms and divestment of state-owned firms.

Egypt raises fuel prices to lock in IMF loan tranche

Egypt raises fuel prices by 15% to meet IMF demands and unlock loans.
moreegypt
#russia

Donald Trump says he will probably' meet Volodymyr Zelenskiy next week Ukraine war live

The IMF has postponed its mission to Moscow amid European criticism regarding its potential review of the Russian economy post-Ukraine invasion.

Ukraine war briefing: Belgorod under fire after OK for strikes with US weapons

Air raids declared in Belgorod after US-approved strikes near Ukraine border

Ukraine war briefing: IMF approves $1.1bn loan to Ukraine

Ukraine receives $1.1bn from IMF amid ongoing conflict with Russia, totaling $9.8bn since March 2023.

IMF plan to visit Russia to assess economy prompts dismay across Europe

IMF's upcoming assessment of the Russian economy has incited strong backlash from European nations concerned about its implications for accountability post-invasion.

IMF postpones Russia visit after heavy criticism across Europe

IMF postpones Moscow mission amid European criticism over post-invasion engagement, reflecting reputational concerns and the complexities of international relations.

After 2 years of peddling Putin's propaganda, the IMF is returning to Russia in open defiance of the West

IMF's return to Russia indicates a troubling tolerance for authoritarian regimes and undermines international law, demanding urgent leadership changes within the organization.

Donald Trump says he will probably' meet Volodymyr Zelenskiy next week Ukraine war live

The IMF has postponed its mission to Moscow amid European criticism regarding its potential review of the Russian economy post-Ukraine invasion.

Ukraine war briefing: Belgorod under fire after OK for strikes with US weapons

Air raids declared in Belgorod after US-approved strikes near Ukraine border

Ukraine war briefing: IMF approves $1.1bn loan to Ukraine

Ukraine receives $1.1bn from IMF amid ongoing conflict with Russia, totaling $9.8bn since March 2023.

IMF plan to visit Russia to assess economy prompts dismay across Europe

IMF's upcoming assessment of the Russian economy has incited strong backlash from European nations concerned about its implications for accountability post-invasion.

IMF postpones Russia visit after heavy criticism across Europe

IMF postpones Moscow mission amid European criticism over post-invasion engagement, reflecting reputational concerns and the complexities of international relations.

After 2 years of peddling Putin's propaganda, the IMF is returning to Russia in open defiance of the West

IMF's return to Russia indicates a troubling tolerance for authoritarian regimes and undermines international law, demanding urgent leadership changes within the organization.
morerussia

Spain court sentences ex-IMF chief to more than four years over corruption

Rodrigo Rato was convicted of major financial crimes and sentenced to prison, with his case pending appeal.
#el-salvador

El Salvador scales back bitcoin bet to get $1.4bn IMF loan

El Salvador's adjustment to its bitcoin policy enables a $1.4bn loan from the IMF, suggesting reduced risks in cryptocurrency adoption.

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

The IMF urges El Salvador to modify its bitcoin law and limit public sector exposure for financial stability.

Bukele Is The President of El Salvador, Not Bitcoin

President Bukele's concessions in the Bitcoin Law reflect a pragmatic approach to governance focused on the needs of the Salvadoran people.

IMF Demands Changes to El Salvador's Bitcoin law: Report

IMF demands changes to El Salvador's pro-Bitcoin law, impacting $1.4 billion credit line negotiations.

El Salvador scales back bitcoin bet to get $1.4bn IMF loan

El Salvador's adjustment to its bitcoin policy enables a $1.4bn loan from the IMF, suggesting reduced risks in cryptocurrency adoption.

IMF Urges El Salvador Again to Strengthen Regulatory Framework and Oversight of Bitcoin

The IMF urges El Salvador to modify its bitcoin law and limit public sector exposure for financial stability.

Bukele Is The President of El Salvador, Not Bitcoin

President Bukele's concessions in the Bitcoin Law reflect a pragmatic approach to governance focused on the needs of the Salvadoran people.

IMF Demands Changes to El Salvador's Bitcoin law: Report

IMF demands changes to El Salvador's pro-Bitcoin law, impacting $1.4 billion credit line negotiations.
moreel-salvador
#global-south

The Global South's poor should not be subsidising the IMF

The IMF is worsening the global polycrisis by imposing unnecessary surcharges on indebted countries.

The IMF and the World Bank must be abolished to save the planet

The World Bank and IMF exacerbate the impact of climate disasters in the Global South, particularly in the Caribbean, calling for their abolition.

The Global South's poor should not be subsidising the IMF

The IMF is worsening the global polycrisis by imposing unnecessary surcharges on indebted countries.

The IMF and the World Bank must be abolished to save the planet

The World Bank and IMF exacerbate the impact of climate disasters in the Global South, particularly in the Caribbean, calling for their abolition.
moreglobal-south
#sri-lanka

IMF approves third review of Sri Lanka's $2.9bn bailout, but warns of risks

The IMF has approved $333m for Sri Lanka as economic recovery signs emerge, though challenges remain with debt restructuring.
Sri Lanka's economy is stabilizing but remains vulnerable and requires further reforms.

Sri Lanka's new president faces a problem shared by too many developing countries: austerity imposed by the west | Ahilan Kadirgamar

Sri Lanka is experiencing a significant political shift due to its severe economic crisis and subsequent protests, leading to a new presidency under Anura Kumara Dissanayake.

IMF approves third review of Sri Lanka's $2.9bn bailout, but warns of risks

The IMF has approved $333m for Sri Lanka as economic recovery signs emerge, though challenges remain with debt restructuring.
Sri Lanka's economy is stabilizing but remains vulnerable and requires further reforms.

Sri Lanka's new president faces a problem shared by too many developing countries: austerity imposed by the west | Ahilan Kadirgamar

Sri Lanka is experiencing a significant political shift due to its severe economic crisis and subsequent protests, leading to a new presidency under Anura Kumara Dissanayake.
moresri-lanka

Rachel Reeves accepts budget tax rises may impact wage increases UK politics live

The IMF supports the UK budget's plan for fiscal responsibility, emphasizing sustainable revenue generation.
#us-economy

The IMF just raised its growth forecast for the US economy this year - but expects a slowdown in 2025

IMF raised US growth forecast to 2.8% for 2024; projected decline to 2.2% in 2025 due to spending cuts and labor market cooling.

Yellen says world was 'worse off' under Trump-era isolationism

The U.S. economy's recovery is attributed to the Biden administration's approach against isolationism, opposed to Trump's policies.

The U.S. economy comes out on top, IMF forecasts

The U.S. economy is projected to grow 2.8% in 2024, the highest among G7 nations, solidifying recovery post-pandemic.

The IMF just raised its growth forecast for the US economy this year - but expects a slowdown in 2025

IMF raised US growth forecast to 2.8% for 2024; projected decline to 2.2% in 2025 due to spending cuts and labor market cooling.

Yellen says world was 'worse off' under Trump-era isolationism

The U.S. economy's recovery is attributed to the Biden administration's approach against isolationism, opposed to Trump's policies.

The U.S. economy comes out on top, IMF forecasts

The U.S. economy is projected to grow 2.8% in 2024, the highest among G7 nations, solidifying recovery post-pandemic.
moreus-economy
#africa

IMF chief: 'Africa deserves to be represented more fairly' DW 10/09/2024

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.

Africa's debt crisis: The need for multilateral solutions DW 10/18/2024

Many African countries are facing severe debt crises due to a combination of global economic factors, worsening governance, and local crises.
Zambia and Ghana are emblematic of a wider trend of increasing national debt across Africa, exacerbated by COVID-19 and rising global costs.

IMF chief: 'Africa deserves to be represented more fairly' DW 10/09/2024

The IMF is committed to increasing Africa's representation and addressing its debt crisis through liquidity support, debt restructuring, and growth promotion.

Africa's debt crisis: The need for multilateral solutions DW 10/18/2024

Many African countries are facing severe debt crises due to a combination of global economic factors, worsening governance, and local crises.
Zambia and Ghana are emblematic of a wider trend of increasing national debt across Africa, exacerbated by COVID-19 and rising global costs.
moreafrica
#pakistan

IMF loan offers Pakistan relief but long-term reforms remain a challenge

The IMF's $7bn loan is crucial for stabilizing Pakistan's economy, but essential reforms are necessary for long-term sustainability.

Is Pakistan's $7bn IMF bailout package in trouble?

The delay in IMF loan approval raises concerns about Pakistan's economic stability and ongoing negotiations.
Accusations suggest geopolitical factors may be influencing the IMF's decision-making process regarding Pakistan.

IMF loan offers Pakistan relief but long-term reforms remain a challenge

The IMF's $7bn loan is crucial for stabilizing Pakistan's economy, but essential reforms are necessary for long-term sustainability.

Is Pakistan's $7bn IMF bailout package in trouble?

The delay in IMF loan approval raises concerns about Pakistan's economic stability and ongoing negotiations.
Accusations suggest geopolitical factors may be influencing the IMF's decision-making process regarding Pakistan.
morepakistan
#ai-impact

IMF Raises Alarm Over AI-Induced Labor Disruptions and Rising Inequality

IMF urges proactive measures to address AI's impact on labor disruptions and inequality.

IMF chief warns of AI "tsunami" facing six in 10 jobs

AI impact on labor market highlighted by IMF chief Georgieva, requiring swift preparation and adaptation.

IMF Raises Alarm Over AI-Induced Labor Disruptions and Rising Inequality

IMF urges proactive measures to address AI's impact on labor disruptions and inequality.

IMF chief warns of AI "tsunami" facing six in 10 jobs

AI impact on labor market highlighted by IMF chief Georgieva, requiring swift preparation and adaptation.
moreai-impact

Beware risks of voter giveaways to public finances, countries facing elections told

The IMF warns against pre-election voter giveaways to avoid risks to public finances.

Ukraine war briefing: anti-Putin forces behind raids into Russia speak out

Ken Buck signed a petition to force a vote on Ukraine aid bill.
International support for Ukraine: IMF aid and EU's plan to seize Russian assets.

Chancellor 'resist' spending cuts unless he can say where they will fall, IFS warns

Jeremy Hunt considering tax cuts despite warnings from IFS and IMF
IFS warns against more public spending cuts and calls for detailed spending plans before tax cuts

IMF chief warns European governments may 'regret' backing protesting farmers

IMF managing director Kristalina Georgieva warns European governments against providing greater financial support to protesting farmers.
Georgieva cautions that if governments give in to the demands of farmers, it could weaken the economies and lead to regret in the future.
#rishi-sunak

Watch live: Sunak faces Starmer in PMQs as Labour says it won't cut bankers' bonuses

Rishi Sunak faces Sir Keir Starmer during PMQs
Challenges for the Conservatives include an IMF warning and internal divisions
The UK population is projected to rise by 6.6 million by 2036

Rishi Sunak's fading election hopes hit by triple whammy

The UK government may not be able to afford a pre-election tax cut, according to the IMF.
Rishi Sunak's troubles are compounded by revelations that business secretary Kemi Badenoch is part of a Tory WhatsApp group called the Evil Plotters'.

Watch live: Sunak faces Starmer in PMQs as Labour says it won't cut bankers' bonuses

Rishi Sunak faces Sir Keir Starmer during PMQs
Challenges for the Conservatives include an IMF warning and internal divisions
The UK population is projected to rise by 6.6 million by 2036

Rishi Sunak's fading election hopes hit by triple whammy

The UK government may not be able to afford a pre-election tax cut, according to the IMF.
Rishi Sunak's troubles are compounded by revelations that business secretary Kemi Badenoch is part of a Tory WhatsApp group called the Evil Plotters'.
morerishi-sunak

IMF reform is tricky: the US and China will need to work together | Barry Eichengreen

The IMF, established 80 years ago, requires urgent reform, including providing alternative global liquidity sources, enhancing debt restructurings, fair surveillance policies, and leadership selection reforms.

IMF Says CBDCs Could Boost Middle East's Financial Inclusion, Payment Efficiency

CBDCs may not be essential, but can improve financial inclusion and reduce financial service costs.

IMF suggests tax on AI's CO2 emissions, but not AI itself

IMF proposes carbon tax on AI energy consumption to address economic impacts.
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