Page 16 - Imf

World economy in deep recession in 2020, growth to be - 4.4%: IMF

The IMF predicted a deep global recession this year and the world growth to be - 4.4%, asserting that the global economic crisis is far from over mainly due to the impact of the coronavirus pandemic

Indian economy to dip 10.3% in 2020; rebound with 8.8% growth in 2021: IMF

The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 per cent this year, the International Monetary Fund said on Tuesday

Climate change poses 'profound threat' to global growth: IMF chief

Climate change poses a serious threat to global growth, the head of the International Monetary Fund said, urging the world's top emitters to agree on a floor for carbon prices

RBI to move next-gen treasury application for managing forex, gold reserves

The NGTA, for which the RBI has invited bids from eligible vendors, would be supporting various transactions in asset classes like Fixed Income (FI), Forex (FX), Money Market (MM) and Gold

IMF chief Georgieva sees $345 billion financing gap for African states

"The pandemic will not be over anywhere until it is over everywhere," Georgieva said

Global economic outlook not as dark as expected three months ago: IMF

The IMF is due to release its latest World Economic Outlook on Oct. 13

IMF official warns coronavirus will weigh on some economies for years

The Fund has provided some $90 billion in total financing to 79 countries, including 20 in Latin America, since the start of the health crisis

Simanchala Dash appointed as new advisor to IMF Executive Director

The government has approved the proposal to appoint Simanchala Dash as an advisor to Executive Director, International Monetary Fund (IMF) in Washington.

Whatever the calculation, India's Q1 GDP contraction is severest among all

Irrespective of whether it is sequential or year-on-year, the inference remains the same; South Africa's 50% contraction is "annualised" and is incomparable to India's 24% fall

India needs coordinated policy response, more stimulus to battle Covid: IMF

The impact of COVID-19 pandemic is significant on India's development and the immediate priority is a coordinated policy response, the International Monetary Fund (IMF) has said

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

IMF says Covid-19 economic crisis 'far from over', more support needed

The IMF has provided emergency funding to 75 countries, including 47 low-income countries, and said it was ready to provide further support to a wider range of middle-income countries

Govts must invest Covid-19 aid funds selectively, says IMF chief

Governments need to invest aid funds more selectively to overcome the coronavirus crisis in the long term, International Monetary Fund Managing Director Kristalina Georgieva said

Forex reserves surge to $537.548 bn, gold reserves down at $37.26 bn

The country's reserve position with the IMF also increased by $6 million to $4.634 billion during the reporting week

IMF chief warns global economy 'not out of the woods,' dangers lurk

In a report to the G20, the IMF warned that rising protectionism and renewed trade tensions endangered the recovery

Global public debt, fiscal deficits to reach all-time high in FY21: IMF

The steep contraction in output and ensuing fall in revenues along with a sizeable discretionary support have led to a surge in the government debt and deficits

India has room for fiscal support given severity of economic crisis: IMF

Over the medium-term, India will have a very limited fiscal space, and a credible and well-communicated consolidation plan will be urgently needed once the pandemic subsides, an IMF official said

IMF says coronavirus crisis could ultimately test $1 trillion war chest

The IMF on Tuesday forecast a deeper global recession than initially anticipated, as business closures, travel restrictions and social distancing measures persist in most countries

Disconnect between markets, real economy can pose threat to recovery: IMF

The disconnect between financial markets and the real economy can be illustrated by the recent decoupling between the soaring US equity markets and plunging consumer confidence

Market Ahead, June 25: Top factors that could guide markets today

A total of 147 companies, including Apollo Hospitals, Ashok Leyland, and Bank of India are scheduled to announce their quarterly results today