“If we were to extract that kind of boost of growth that would be very significant for the world,” IMF Managing Director Kristalina Georgieva said during the IMF and World Bank annual meetings in Washington. Booming investment in artificial intelligence, concentrated mostly in the U.S., could contribute between 0.1% and 0.8% to global growth, but […]
Economic activity in the Asia-Pacific was holding up better than expected in April, despite the region bearing the brunt of U.S. tariffs, said Krishna Srinivasan, director of the IMF’s Asia Pacific Department. The International Monetary Fund revised up Asia’s economic growth forecast on Thursday, but warned of risks to the outlook from trade policy uncertainty […]
Annual inflation has plunged from a record high of 38% in September 2023. Egypt’s annual urban consumer price inflation slowed to 11.7% in September from 12% in August, data from statistics agency CAPMAS showed on Wednesday, a deceleration less than what analysts in a Reuters poll had anticipated. The median forecast was for an easing […]
IMF Managing Director Kristalina Georgieva said the U.S. economy had dodged a recession feared by many experts just six months ago. The world economy has proven more resilient than expected despite acute strains from multiple shocks, the head of the International Monetary Fund said on Wednesday, forecasting only a slight slowing of global growth this […]
Over the past two decades, many developing countries have made remarkable progress in reducing poverty, expanding access to education and health care, and investing in infrastructure. These gains were the result of sound national policies and coordinated efforts by the international community, often financed through responsible borrowing. But the road ahead looks more precarious. Debt […]
History is full of evidence that tariffs harm economic performance. This column assesses the two waves of globalisation in modern history and how they were interrupted by barriers to trade. The first wave started in the mid-19th century and lasted until WWI, while the second wave started after WWII and lasted until the Global Crisis […]
