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All posts tagged "International Monetary Fund"

IMF head: Global economy weak on low productivity

IMF head: Global economy weak on low productivity

Global economic activity is weak by historical standards with a slowdown in productivity the main cause, International Monetary Fund head Kristalina Georgieva said in Washington on Thursday, describing this as a "sobering reality." Listing the main difficulties facing the global economy, Georgieva said: "Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up, posing a major challenge to public finances in many countries." She put global growth at a little above 3% and noted concerns, including geopolitical tensions that were increasing the risks of economic fragment......
How the Russian economy has taken a turn for the worse

How the Russian economy has taken a turn for the worse

Russia's economy was struggling even before the crisis in Ukraine, but things have now taken a turn for the worse, according to the International Monetary Fund. GDP fell in the first three months of 2014 and will fall again in the second quarter. According to the technical definition, that would amount to a recession.