Last month, the growth in China’s factory output slowed to its weakest pace since September 2024 and retail sales were their most sluggish in the three years since Beijing ended the country’s rolling anti-COVID lockdowns, according to the National Bureau of Statistics.
The International Monetary Fund (IMF) has boosted its forecast for the world economy’s growth this year to 3 percent and to 3.1 percent in 2026.
Thanks to a new flurry of stimulus measures, China’s economy is likely to expand by 5.4 percent this year, the International Monetary Fund (IMF) said, upgrading its number from its 5.0-percent forecast last fall.
The International Monetary Fund’s (IMF’s) internal Independent Evaluation Office has criticized the international funding agency over some of its biggest rescue plans of the past two decades.
High interest rates are pushing even more poor countries to the brink of financial collapse, the World Bank said in a 3 December report.
Officials of the International Monetary Fund (IMF) made an unscheduled visit to Pakistan last week to discuss a possible $7-billion bailout amid imminent dangers to the country’s fiscal stability.
The Bank of Russia has raised its key interest rate to 21 percent, the highest since 2003, as runaway military spending pushes inflation’s pace to an average of 8.8 percent this year, bank governor Elvira Nabiullina said in a press briefing.
China will account for 22 percent of global economic growth over the next five years and India 15 percent, according to the International Monetary Fund’s (IMF’s) new economic outlook report.
The U.S. is prepared to provide the Group of Seven [G7] with about $20 billion in interest from Russian assets that have been frozen since the start of the Ukraine War.
The International Monetary Fund (IMF) isn’t happy. But El Salvador under President Nayib Bukule is solidifying its pro bitcoin policies, meant to provide a stable reserve to the country, and to allow citizens to transact in the most recognized and widely held crypto asset.