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Tag Archives: International Monetary Fund

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

Singapore’s Tharman Shanmugaratnam on the Global Economy

At the end of the recent IMF meetings, Singapore’s finance minister Tharman Shanmugaratnam warned that the US and Europe should both be prepared for several more years of economic turmoil. As chair of the International Monetary Fund’s governing body, Shanmugaratnam explained that he has finally begun to feel that political leaders understand the enormity of… 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

America Stocks and Shares in Flux

Alcoa Inc. Up and Down US Stock traders might want to think twice before acting following the International Monetary Fund’s estimate slash for US economic growth. This led to a general plummet in stocks – such as Alcoa Inc. – yesterday at closing. However, the company did have some good news having a first quarter… Continue Reading