Leaders of the Group of 20 major economies pledged on Thursday to inject $5 trillion in fiscal spending into the global economy to fight coronavirus.
The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war and other factors like Brexit undercut business confidence and investment,
The IMF predicted the global economy to grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage point respectively from last October’s forecasts.
BENGALURU: Global economic activity remains solid but has already passed its peak, according to economists in Reuters polls who expect protectionist policies on trade, which show no signs of abating, to tap the brakes significantly. While trade conflict between the United States and other major trading partners, in particular, China, has had only a modest impact on global trade and the world economy so far, the turmoil in financial markets clearly suggests confidence has taken a hit. World stocks have been whipsawed…
WASHINGTON: The United States called Saturday for the International Monetary Fund to speak out on crucial global economic matters, such as exchange rates, even if this made it unpopular. "The IMF must intensify analysis of and become more vocal on key issues that impact growth and stability of the global economic system," US Treasury Secretary Jacob Lew said in a statement, citing currency exchange rates, current account imbalances and demand shortfalls. "Sometimes this will make the IMF unpopular," he added. "But vocal…
CHENGDU: The International Monetary Fund (IMF) has warned risks to the global economy are growing, as it called on some G20 nations to boost government spending.
KITAKYUSHU, JAPAN: International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
NEW YORK: U.S. stock index futures fell sharply on Wednesday, tracking global markets, as crude oil prices tumbled to new lows and fears of slowing global growth continued to gnaw at investors.