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Tag Archives: IMF

Christine Lagarde Calls for Immediate Action

Christine Lagarde, head of the International Monetary Fund, recently called for additional action as Europe continues to grapple with debt and the U.S. struggles with an impending fiscal crisis. Lagarde claimed that the world economy is faring worse than even the more pessimistic expectations.

Though the European Central Bank and European governments have taken several steps to ensure security, Lagarde stated that “more needs to happen, and faster.”

Just recently the IMF lowered its global growth predictions to 3.3%, down from an already low 3.5%. It has since warned that reality may fall short even of this low forecast if the United States and Europe are unable to improve on the situation.

“We are not expecting a very, very strong recovery. The recovery continues, but it continues more slowly than we had expected earlier this year,” Lagarde said. The slowdown is having a “ripple effect on emerging markets, and in particular in Asia.”

Political tensions have also impacted economies throughout Asia, and Lagarde stressed the importance of a quick resolution for the good of global growth.

“We hope that differences, however longstanding, can be resolved harmoniously and expeditiously so that from an economic point of view cooperation can continue… since we are all very closely interconnected,” she said.

IMF Projects Slowest Growth Since Recession

The International Monetary Fund projects slow global growth as the euro zone’s situation worsens and other economies remain threatened. It states that the world economy will grow a total of 3.3% this year. This is the slowest since the recession in 2009. “A key issue is whether the global economy is just hitting another bout… Continue Reading

IMF Reveals Bleak Outlook for Global Economy

A recent statement by the IMF claims that the world is perched precariously on the backs of the U.S. and European economies. Global growth will remain stunted until they improve. According to their website, Europe’s persistent crisis has hindered global economic recovery into the second quarter. Predictions from the World Economic Outlook say global economy… Continue Reading

Quote of the Day: Christine Lagarde

Meteorologically speaking, spring is usually a welcome relief from cold, dark winter. However on the economic front, at least this year, there is a fear that this spring will bring the US economy back to the dreary days of last year’s recession, which this winter showed signs of recovery. As Christine Lagarde, the managing director… Continue Reading

IMF Warns Global Economy in Face of Rising Oil Prices

As debt crisis and economic turmoil sweep across Europe, the International Monetary Fund has identified another looming threat to global economy; rising oil prices. The fund strongly suggests monitoring tension between Iran and the Western world. The United States have sanctioned Iran’s oil consumers, and the EU is considering an embargo as well. Seeing as… Continue Reading

When It’s All Just Greek to the Greeks

Troubled Times for Greek Finance; Not Happy Swiss The Greek economy is up the creek without a paddle.  As well, this is impacting the Swiss populace which is now sitting around watching this turmoil unfold.  The Greek parliament has just said yes for increased austerity in an effort to meet EU-IMF bailout terms.  This led… Continue Reading

Financial Femme Fatale?

If Christine Lagarde – who was yesterday put on the shortlist to head the International Monetary Fund – succeeds, she will be “the first woman to head the global emergency lender.” She has a pretty good chance too, in the way she has been handling the world economic crisis until now. Once Dominique Strauss-Kahn handed… Continue Reading

Doom and Gloom Ahead for Global Economy?

Things aren’t looking good again. We keep hearing about the global economic crisis but were hoping that the recovery from it was well underway. Unfortunately, when looking at the stats, this doesn’t seem to be the case. Oil prices are increasing, sovereign debt burdens are becoming unsustainable and along with lack of certainty vis-à-vis the… Continue Reading

Economic Health Track

Preventive Global Economic Crisis Measures It was bad enough that we had to endure the worst global economic crisis since the Second World War, but what would be even worse would be not learning from it. So what can be done today? Measures need to be taken now to ensure a continual “tracking of economic… Continue Reading