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Tag: IMF

IMF: Global economy will suffer worst year since Depression

WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink 3% this […]

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IMF sees coronavirus-induced global downturn 'way worse' than financial crisis

WASHINGTON/GENEVA – The coronavirus pandemic has brought the global economy to a standstill and plunged the world into a recession that will be “way worse” than the global financial crisis a decade ago, the head of the International Monetary Fund said on Friday, calling it “humanity’s darkest hour.” […]

IMF’s Lagarde ‘honored’ to be tapped to head European Central Bank

International Monetary Fund chief Christine Lagarde on Tuesday announced she would step down “temporarily” from the global crisis lender after being nominated to lead the European Central Bank. EU leaders announced a deal to fill the top positions in the political and economic bloc, including picking Lagarde to […]

Looking forward to working with new govt of PM Modi: IMF

Washington : The IMF is looking forward to working with the new government of Prime Minister Narendra Modi, a top official said Friday, asserting that India’s reforms and future direction should continue to focus on achieving faster and more inclusive growth with low inflation. Prime Minister Modi on Thursday […]

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