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Risks to global growth rising: IMF
The International Monetary Fund stepped up its warnings Monday on risks to the global economy, especially coming from Europe, as it trimmed its growth forecast for the rest of the year. The IMF said the world economy appeared weaker since its assessment just three months ago, and while growth was…
IMF chief warns over slowing global growth
International Monetary Fund chief Christine Lagarde on Friday warned that the global economy was slowing, with a soon-to-be published growth outlook lower than earlier forecasts. “What I can tell you is that it will be tilted to the downside and certainly lower than the forecast that was published three months…
Geithner hopeful for renewed drop in U.S. jobless rate
NEW YORK — US Treasury Secretary Tim Geithner said on Sunday said that US unemployment numbers, which stalled earlier this month, could resume their decline ahead of November’s election in which the economy will top voters’ concerns. “If the economy keeps growing at a moderate pace, then, yes, more people…
Global economy shows ‘fragile’ improvement: IMF
Recent improvements in the global economy are “very fragile” and an escalation of the eurozone crisis remains the most immediate concern, IMF deputy managing director Naoyuki Shinohara said Tuesday. While indicators had last year pointed to a big setback for the world there have in recent weeks been modest signs…
IMF chief cautiously upbeat on global economy
IMF chief Christine Lagarde said measures taken to fight financial woes in Europe and the United States were starting to pay off, in a cautiously upbeat assessment of the global economy. Lagarde was in Beijing for a two-day trip to attend a forum on China’s development and hold meetings with…
IMF seeks $500 bn more as euro crisis rages
The International Monetary Fund said Wednesday it needs up to $500 billion more to pad its war chest as the European debt crisisincreasingly threatens the global economy. With several European countries veering on recession and Greece on the brink of default, the IMF said it lacks the resources to be the planet’s lender…
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