IMF – Benefits Canada.com

IMF head says global economy facing long climb to recovery

mschmit — Tue, 06 Oct 2020 04:34:36 +0000

The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago. IMF Managing Director Kristalina Georgieva said Tuesday that global economic activity suffered an unprecedented fall in the spring when 85 per cent of the […]

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IMF downgrades outlook for global economy in face of virus

mschmit — Wed, 24 Jun 2020 05:49:18 +0000

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. The IMF predicts that the global economy will shrink 4.9 per cent this year, significantly worse than the three per cent drop it […]

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IMF: Stung by virus, global economy will shrink 3% in 2020

mschmit — Wed, 15 Apr 2020 03:51:26 +0000

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink three per cent this year — far worse than its 0.1 […]

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IMF: Low rates and reduced trade tension to aid world growth

mschmit — Mon, 20 Jan 2020 05:22:05 +0000

Low interest rates and reduced trade tensions will likely buoy the global economy over the next two years and help nurture steady if modest growth. That’s the view of the International Monetary Fund, which foresees world economic growth accelerating from 2.9 per cent last year to 3.3 per cent in 2020 and 3.4 per cent […]

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Draghi stepped in during euro’s darkest hour

mschmit — Mon, 28 Oct 2019 04:35:29 +0000

Mario Draghi leaves as head of the European Central Bank credited with having rescued the eurozone from disaster with a well-timed phrase and bold action to back up his words. He expanded the bank’s arsenal of crisis-fighting tools with new and unconventional policies, measures that he and others say helped end a financial crisis in […]

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