Imf Report On Global Economy
Global economy in tug-of-war between oil shock and AI boom: IMF chief
The global economy has weathered the oil shock caused by the closure of the Strait of Hormuz "better than feared" due to various factors, including an investment boom in artificial intelligence, IMF Managing Director Kristalina Georgieva has said. "What started out as a US phenomenon with AI is now becoming a growth engine for the global economy, with other countries ramping up construction of data centres and other infrastructure," Georgieva told journalists on Tuesday. She said the global economy had "weathered the energy shock caused by the closure of the Strait of Hormuz better than we feared" due to a combination of factors, including drawdowns of oil and gas reserves and increases in non-Gulf supply. "And it is enjoying the tailwinds from an AI investment boom, most notably in the US, where both corporate earnings and consumer demand remain strong," Georgieva said ahead of the G-20 finance ministerial meeting in Asheville, North Carolina, next week. She said the global econom
 "Global economy in tug-of-war between oil shock and AI boom: IMF chief")
IMF warns of $100 trillion global debt crisis ahead of key finance meetings
Meanwhile, Moody's Ratings has slated Friday for a possible report on France, which faces intense investor scrutiny at present. With its assessment one step higher than major competitors
 "IMF warns of $100 trillion global debt crisis ahead of key finance meetings")
Global economy to see soft landing, rate cuts coming, says IMF's Georgieva
She cautioned to expect the unexpected in the wake of the COVID-19 pandemic and said a prolonged war between Israel and Hamas would impact global economies
 "Global economy to see soft landing, rate cuts coming, says IMF's Georgieva")
IMF sees heightening prospects for soft landing in Asian economies
With inflationary pressures "receding rapidly," prospects for a soft landing were improving in Asia, he said
 "IMF sees heightening prospects for soft landing in Asian economies")
Fragmentation could cost global economy up to 7% of GDP: IMF report
The global flows of goods and capital had leveled off after the global financial crisis of 2008-2009, and a surge in trade restrictions seen in subsequent years
 "Fragmentation could cost global economy up to 7% of GDP: IMF report")
Inflation, Ukraine war make world economy gloomier than last month: IMF
In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%
 "Inflation, Ukraine war make world economy gloomier than last month: IMF")
Statsguru: Six charts explain IMF's warning on the global economy
The cost of borrowing is going up for emerging markets and budget constraints are increasingly making their effects felt
 "Statsguru: Six charts explain IMF's warning on the global economy")
Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession
IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall
 "Amid 'extraordinary' uncertainty, IMF doesn't rule out global recession")
Omicron likely to reinforce IMF downgrade of global growth forecasts: MD
Omicron variant is likely to reinforce a downgrade of IMF's outlook on the global economy, Managing Director Kristalina Georgieva said
 "Omicron likely to reinforce IMF downgrade of global growth forecasts: MD")
IMF says Covid-19 spending pushes current account imbalances higher
The IMF's annual External Sector Report showed that the combined current account deficits and surpluses widened to 3.2% of global economic output in 2020 from 2.8% in 2019
 "IMF says Covid-19 spending pushes current account imbalances higher")
Recovery underway after worst global recession since World War II: IMF MD
IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway
 "Recovery underway after worst global recession since World War II: IMF MD")
IMF blames India for global slowdown, lowers 2019 growth forecast to 4.8%
The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates
 "IMF blames India for global slowdown, lowers 2019 growth forecast to 4.8%")
Effects of global slowdown more pronounced in India: IMF Chief Georgieva
She said the World Economic Outlook to be released next week will show downward revisions for 2019 and 2020
 "Effects of global slowdown more pronounced in India: IMF Chief Georgieva")
Global economy in synchronised slowdown: IMF chief Georgieva
Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as MD of IMF
 "Global economy in synchronised slowdown: IMF chief Georgieva")
India has scope for reducing untargeted food, fertiliser subsidies: IMF
'There is a lot of scope for enhancing revenue administration'
 "India has scope for reducing untargeted food, fertiliser subsidies: IMF")
Guard against complacency; global economic recovery not yet complete: IMFC
The committee also warned against excessive volatility in exchange rates, saying it may adversely impact economic stability
