IMF Slashes Global Growth Estimate: Warns ‘The Worst Is Yet to Come’
“As the global economy is headed for stormy waters, financial turmoil may well erupt,” the IMF’s report on global growth warns.

“As the global economy is headed for stormy waters, financial turmoil may well erupt,” the IMF’s report on global growth warns.
Inflation, strains on food and energy supplies, war in the Ukraine, rising jobless numbers alongside risks of a global recession: these are just a few of the factors making up a “new normal” cited by International Monetary Fund (IMF) Director Kristalina Georgieva on Thursday as darkening the outlook for the world’s economy.
During an interview with CNN on Wednesday aired on Thursday’s edition of CNN International’s “Amanpour,” International Monetary Fund (IMF) Managing Director Kristalina Georgieva stated that while “we can survive inflation. We even can survive recession.” We can’t survive a “climate crisis”
Europe is now looking at the possibility of “social unrest” should the continent be hit with a cold winter this year, the head of the International Monetary Fund (IMF) has now warned.
“The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” the IMF’s chief economist said.
The IMF has told the remaining UK PM candidates to walk back promises of tax cuts and focus instead on more green agenda spending.
Nearly 90 per cent of investors globally now expect Europe to fall into recession as the possibility of Moscow cutting off the continent from Russian gas becomes more likely.
The International Monetary Fund (IMF) published a paper Wednesday that warned of dark, troubled economic times ahead when the world can expect to have less of everything except “social instability.”
The IMF has become the most recent global body to release a warning regarding forthcoming global food shortages, saying that vulnerable nations are at risk of civil unrest amid supply issues.
Sri Lanka on Tuesday announced plans to temporarily default on its foreign debt, calling the measure a “last resort” designed to prevent “permanent damage” to the island nation’s economy amid its worst fiscal crisis in more than 70 years.
Nigel Farage has accused the EU of hypocrisy by “funding Putin’s war machine”, as the bloc admitted to spending €35 billion on Russian gas.
The International Monetary Fund (IMF) predicted Sunday that Russia will be moving towards a “deep recession” as a consequence of the sanctions imposed on Moscow after the invasion of Ukraine.
The International Monetary Fund (IMF) on Tuesday “urged” El Salvador’s government to rescind the legal tender status it bestowed to Bitcoin, a type of cryptocurrency, in September 2021, indicating that its failure to do so could hinder El Salvador’s intention of securing a future loan from the financial institution.
A $372 million sum Myanmar’s government received from the International Monetary Fund (IMF) in February for pandemic relief has “gone missing” since a military junta seized control in a coup just two days after the aid was issued, Coconuts Yangon reported Wednesday.
Taliban spokesman Suhail Shaheen urged the International Monetary Fund (IMF) to release funds frozen following the jihadist group’s ouster of the government of Afghanistan in an interview with the Chinese government broadcaster CGTN on Friday.
The government of Cameroon said on Monday it was investigating how ministers had spent $335 million in coronavirus aid from the International Monetary Fund (IMF) amid accusations from opposition parties that most of the loaned funds “could not be accounted for.”
The International Monetary Fund (IMF) has predicted that Brexit Britain will grow faster than the Eurozone as well as the United States by next year, despite having one of the steepest contractions of any major Western nation during the Chinese
Pope Francis told financiers Thursday that they must help calculate the “ecological debt” the global north owes to the global south.
Chinese state media on Thursday called on the Western world to help African nations pay their enormous debts, many of which just happen to be owed to Chinese banks thanks to China’s debt-trap Belt and Road Initiative (BRI).
BEIRUT — Facing a worsening economic crisis and with little chance of Western or oil-rich Arab countries providing assistance without substantial reforms, Lebanon’s cash-strapped government is looking east, hoping to secure investments from China that could bring relief.
U.N. Secretary-General Antonio Guterres renewed his call for “more robust global governance” Wednesday, adding the World Bank and the International Monetary Fund (IMF), regional authorities such as the African Union and the European Union (E.U.) to a list of organizations he says can bring “order” to a future world disrupted by the coronanvirus pandemic.
Beirut — Protest-hit Lebanon has approved an economic rescue plan and requested aid from the International Monetary Fund as it battles its worst financial crisis in decades.
Boris Johnson would say “no” to an extension to the transition period if the European Union asks for one, the prime minister’s spokesman said after the head of the International Monetary Fund (IMF) called for a delay.
Dubai — Debt levels, unemployment and budget deficits will spike as the Middle East endures a coronavirus-led recession, piling pain on economies already hit by conflicts and an oil price slump, the IMF said Wednesday.
Government projections reveal the British economy is facing a historic economic downturn as a result of coronavirus, and the lockdown.
A senior Iranian on Sunday called U.S. President Donald Trump “more dangerous than coronavirus,” saying moves to block an International Monetary Fund (IMF) loan reaching Iran was tantamount to crimes against humanity.
The United Nations Secretary-General António Guterres on Monday demanded the world end all wars and instead join the fight against the “common enemy” of coronavirus. He also called for $2 billion to be transferred from wealthy countries to the poor via the globalist body as a first step in tackling the global pandemic.
The globalist International Monetary Fund has enjoyed a spectacular change of tone over Brexit, and is predicting growth.
The U.S. economy is expected to slow due to tighter monetary policy and the lift from the 2018 tax cuts fading over time.
Trade volumes are expected to barely grow at all this year, bringing economic expansion to the lowest level since the financial crisis
An eruption of protests in Ecuador against socially conservative economic measures resulted in the death of an injured young protester Sunday after fellow participants in the outrage blocked his ambulance.
Like Powell, Lagarde is a lawyer. So the world’s two biggest currency zones will be lead by non-economists.
ATHENS, Greece (AP) – Authorities have banned demonstrations in a large section of central Athens and will shut down streets and subway stations during a visit by German Chancellor Angela Merkel, who arrives in the Greek capital Thursday afternoon for
Pakistani Prime Minister Imran Khan arrived in Turkey for a two-day visit on Thursday, accepting an invitation from Turkish President Recep Tayyip Erdogan.
CAIRO — On the Giza Plateau outside Cairo, thousands of Egyptians are laboring in the shadow of the pyramids to erect a monument worthy of the pharaohs.
Inflation in the crisis-stricken country of Venezuela is on track to hit 1.4 million percent by the end of 2018, according to the latest report from the International Monetary Fund.
The United Arab Emirates will deposit $3 billion in the central bank of Pakistan to help “enhance liquidity” as the country struggles with a balance of payments crisis, state media said.
Former International Monetary Fund (IMF) director Ashoka Mody has poured scorn on the anti-Brexit forecasts produced by officials recently, suggesting they are “making up the numbers”.
Contents: Pakistan fails to get agreement from IMF for a bailout; Pakistan’s link to the FATF financial blacklist; Pakistan turns to its ‘friends’ for aid
The chief economist at the International Monetary Fund (IMF) cautioned Pakistan this week against “excessive loans” from its ally, China, citing risks.