WASHINGTON: The International Monetary Fund on Tuesday bumped up its global growth forecasts, saying an upswing in the world economy would likely gather pace into next year. But the global crisis lender called on governments to strike while the iron was hot, saying dangers for the current recovery lurked on the horizon and ambitious reforms were necessary for continued poverty reduction. Global economic output should increase by 3.6 percent this year and by 3.7 percent in 2018, up marginally from forecasts…
LONDON: European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.
U.S. stocks tumbled on Thursday, after the S&P 500 closed at its lowest in six months, on continued concerns about weak global demand and its potential impact on the U.S. economy and businesses.