IMF slashes global growth forecast January 20, 2015 The forecast for global growth in 2015 and 2016 has been downgraded by the International Monetary Fund (IMF). The body predicts that this year, the world economy will reach 3.5 per cent – down from the 3.8 per cent it put forward three months ago. Next year's forecast has also been decreased, to 3.7 [...]
2015 IMF growth forecast: UK pulling ahead but global economy downgraded January 19, 2015 The UK has managed to avoid a downgrade to its 2015 growth forecast by the International Monetary Fund. The IMF’s updated predictions released today also place the UK as the fastest economy in the G7 in 2014 with growth of 2.7 per cent. However, the UK is set to lose its “fastest G7 economy” crown [...]
Cheap oil won’t help recovery, warns IMF chief Christine Lagarde January 15, 2015 Cheap oil is unlikely to speed up recovery, International Monetary Fund (IMF) chief Christine Lagarde has warned, adding that global recovery is currently too "lopsided". In a speech to the Council on Foreign Relations in Washington, Lagarde suggested that although growth in the US and a lower oil price has given economies a helping hand, [...]
IMF: Seven in 10 Eurozone banks are still too weak October 16, 2014 Most Eurozone banks are too weak to give out loans and support any economic recovery, a top International Monetary Fund (IMF) official warned yesterday. The banking sector in the euro area is only just getting to grips with bad debts and inefficiencies, according to Jose Vinals, the director of the monetary and capital markets department [...]
Crisis over for UK – but Eurozone has strong chance of recession, says IMF October 7, 2014 Forget wages rising more slowly than inflation or lagging GDP per capita: the crisis is behind the UK, according to the International Monetary Fund (IMF). Having disagreed with the medicine, the IMF seems now to recognise the current climate as a cure, despite concerns about living standards and spare capacity in the labour market. Things [...]
Scottish independence referendum: IMF warns Yes vote could hit financial markets September 12, 2014 The International Monetary Fund (IMF) has weighed into the debate on Scottish independence warning there could be significant market uncertainty if Scots vote to leave the union. IMF spokesman William Murray said: The main immediate effect is likely to be uncertainty over the transition to potentially new and different monetary, financial and fiscal frameworks in [...]
Ukraine will need a much bigger bailout to stabilise economy, IMF says September 2, 2014 As the crisis in the east of Ukraine continues to harm the nation's economy, The International Monetary Fund (IMF) has warned that a much bigger international bailout will be needed than was originally planned. In a review of the already agreed $16.7bn standby facility, the fund described the figure as being built on “totally [...]
IMF chief Christine Lagarde under investigation by French court August 27, 2014 International Monetary Fund managing director Christine Lagarde has been put under formal investigation on suspicion of "simple negligence" by a French court. Lagarde was questioned for 15 hours on Tuesday by the Court of Justice of the Republic over her involvement in a long-running political fraud case involving controversial French businessman Bernard Tapie, who was awarded [...]
IMF warns that “overvalued” pound is detrimental to economy July 28, 2014 Today, the International Monetary Fund (IMF) said that the pound is “overvalued”, and that this is causing the economy to rely too heavily on spending and imports. In its annual assessment of the UK economy, it said that the sterling is between five and ten per cent overvalued, and that it has strengthened by [...]
IMF Admits: The UK is on top of the world July 24, 2014 BRITAIN is set to outstrip global growth this year, with figures out today expected to confirm that the economy has bounced back from the recession and is now larger than it ever has been before. British GDP will have grown by 3.4 per cent between the fourth quarter of last year and the end of [...]