WASHINGTON — The world economy faces the increasing risk of a painful slowdown amid worries about the global banking system and concerns that rising interest rates could force banks to […]
International Monetary Fund
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Back to news homeGlobal Economy May Be in a ‘Lost Decade,’ World Bank Warns
WASHINGTON — The World Bank warned on Monday that the coronavirus pandemic and Russia’s war in Ukraine had contributed to a decline in the global economy’s long-term growth potential, leading […]
IMF Upgrades Global Economic Outlook as Inflation Eases
WASHINGTON — The International Monetary Fund said on Monday that it expected the global economy to slow this year as central banks continued to raise interest rates to tame inflation, […]
Defaults Loom as Poor Countries Face an Economic Storm
WASHINGTON — Developing nations are facing a catastrophic debt crisis in the coming months as rapid inflation, slowing growth, rising interest rates and a strengthening dollar coalesce into a perfect […]
G20 Leaders Meet in Bali as Global Economy Faces Multiple Threats
The Chinese description of the meeting suggested that those policies, and others meant to redirect American supply chains away from China, “completely violate the principles of market economy and undermine […]
Lessons From Liz Truss’s Handling of U.K. Inflation
The sharp policy U-turn by Liz Truss, Britain’s prime minister, reveals the perils of taking the wrong path in the fight against scalding inflation. Read More
I.M.F. Warns ‘Worst Is Yet to Come’ for World Economy
The International Monetary Fund lowered its growth outlook for 2023 and suggested interest rate increases could spur a harsh global recession. Read More
Global Fallout From Rate Moves Won’t Stop the Fed
The Federal Reserve, like many central banks, sets policy with an eye on the domestic economy. Its battle to control prices is causing pain abroad. Read More
In Global Slowdown, China Holds Sway Over Countries’ Fates
BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts.As Pakistan has struggled to cope with […]
A Strong Dollar Is Wreaking Havoc on Emerging Markets. A Debt Crisis Could Be Next.
The average household in Ghana is paying two-thirds more than it did last year for diesel, flour and other necessities. In Egypt, wheat is so expensive that the government has […]