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Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

India needs coordinated policy response, more stimulus to battle Covid: IMF

The impact of COVID-19 pandemic is significant on India's development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

IMF says Covid-19 economic crisis 'far from over', more support needed

The IMF has provided emergency funding to 75 countries, including 47 low-income countries, and said it was ready to provide further support to a wider range of middle-income countries

Govts must invest Covid-19 aid funds selectively, says IMF chief

Governments need to invest aid funds more selectively to overcome the coronavirus crisis in the long term, International Monetary Fund Managing Director Kristalina Georgieva said

Forex reserves surge to $537.548 bn, gold reserves down at $37.26 bn

The country's reserve position with the IMF also increased by $6 million to $4.634 billion during the reporting week

IMF chief warns global economy 'not out of the woods,' dangers lurk

In a report to the G20, the IMF warned that rising protectionism and renewed trade tensions endangered the recovery

Global public debt, fiscal deficits to reach all-time high in FY21: IMF

The steep contraction in output and ensuing fall in revenues along with a sizeable discretionary support have led to a surge in the government debt and deficits

India has room for fiscal support given severity of economic crisis: IMF

Over the medium-term, India will have a very limited fiscal space, and a credible and well-communicated consolidation plan will be urgently needed once the pandemic subsides, an IMF official said

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

Disconnect between markets, real economy can pose threat to recovery: IMF

The disconnect between financial markets and the real economy can be illustrated by the recent decoupling between the soaring US equity markets and plunging consumer confidence

Market Ahead, June 25: Top factors that could guide markets today

A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today

IMF projects global economy to shrink by 4.9% this year over Covid-19

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage

India's slow climb to $500-billion foreign exchange reserves fortune

The country was forced to sell its gold in early 1991 to raise emergency funding from the IMF

IMF sees 'profound uncertainty' about global recovery: Gita Gopinath

Gopinath said the economic crisis triggered by the novel coronavirus pandemic was more global and playing out differently than past crises

$10 trn spent to combat coronavirus pandemic, far more needed: IMF

New estimates suggested that up to 100 million people could fall into extreme poverty as a result of the crisis, IMF Managing Director Kristalina Georgieva said

Pak rejects IMF demand to freeze govt employees salaries; budget on June 12

The government is struggling to strike a balance between fiscal consolidation and providing an impetus to economic growth

Struggling before lockdown, copper manufacturers stare at meltdown

The anticipated economic slump is likely to weaken their prospects

Pakistan receives $1.39 bn loan from IMF to deal with coronavirus crisis

The $1.39 billion loan is in addition to the $6 billion bailout package that Pakistan had signed with the IMF in July last year to stave off a balance of payment crisis

Statsguru: The trail of Covid-19 destruction and a resulting recession

According to the International Monetary Fund, the pandemic is expected to cause the biggest recession since the Great Depression