IMF forecasts 7.5% growth for India in 2019-20

IMF

The International Monetary Fund (IMF) has projected a 7.5 percent growth for India in fiscal 2019-2020 on strengthening investment and robust private consumption. The IMF in a report published Tuesday, equally said the near-term macroeconomic outlook for India is “broadly favourable.” The report specifically noted that growth is forecast to rise to 7.3 percent in […]

IMF appoints Rhoda Weeks-Brown as general counsel, director of legal department

Rhoda Weeks-Brown

Rhoda Weeks-Brown has been appointed as the International Monetary Fund (IMF) general counsel and director of its legal department, Christine Lagarde, managing director of the IMF announced on Tuesday. According to Lagarde, throughout her 21-year career with the IMF, Weeks-Brown has contributed to virtually all aspects of the institution’s work. “In addition to a sharp […]

IMF projects 1,000,000% inflation rate in Venezuela by year-end

IMF

The International Monetary Fund (IMF) is projecting a surge in inflation to 1,000,000 percent by end of 2018 to signal that the situation in Venezuela is similar to that in Germany in 1923 or Zimbabwe in the late 2000s. According to Alejandro Werner, head of the IMF’s western hemisphere department Venezuela remains stuck in a […]

Global expansion strong but less even, more fragile, under threat – IMF

IMF

Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced, according to Maurice Obstfeld, professor and chief economist at the International Monetary Fund in an IMFblog article published Monday, July 16, 2018. “In our latest World Economic Outlook Update, we continue to project […]

IMF cuts 2017 growth forecasts for UK, US

The International Monetary Fund has cut its growth forecast for the UK economy this year after a weak performance in the first three months of 2017. In its first downgrade for the UK since the EU referendum in June last year, the IMF said it expected the British economy to expand by 1.7% this year, […]