Topic: International Monetary Fund
The IMF and the UN labour agency are urging advanced economies not to cut government spending before 2011, warning that a move to tighten fiscal policies could hurt the global recovery. "As a general strategy, most advanced economies should not tighten their ...
The debt crisis and ensuing recession plaguing Greece has shut down some 15 percent of businesses in Athens, a study released by a leading trader association said on Monday. The research, taking into account over 3,400 shops in both affluent and low-income ...
The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile." "The particular challenges facing Spain will likely ...
The IMF on Friday lowered its 2011 growth forecast for the Spanish economy to 0.6 percent from the 0.9 percent it foresaw in April and warned the recovery "is likely to be weak and fragile." "The particular challenges facing Spain will likely ...
Ireland's economy is forecast to grow 2.3 percent in 2011 after escaping a painful recession earlier this year, the International Monetary Fund said on Wednesday. The severity of the recession means the eurozone nation's gross domestic product is still expected to shrink ...
DAEJEON, South Korea (Reuters) - The International Monetary Fund's chief reiterated on Tuesday that strong growth in Asia and Latin America made it unlikely that the global economy would suffer a double-dip recession. Last week, the IMF upgraded its 2010 global economic ...
Britain pushed away from recession with 0.3-percent growth in the first quarter, but is climbing out of a deeper hole than thought and faces a struggle against budget cuts, new data suggests. Official figures on Monday stood by previous estimates that the ...
Asian nations must brace for possible threats to the world's economic recovery but a global double-dip recession is unlikely, the International Monetary Fund chief said Monday. "Policymakers need to remain attuned to negative shocks," said IMF managing director Dominique Strauss-Kahn, citing a ...
HONG KONG (Reuters) - The International Monetary Fund upgraded its 2010 global growth forecast on Thursday on the back of robust expansion in Asia and renewed U.S. private demand, but warned the euro area's debt crisis posed a big risk to recovery. ...
IMF chief Dominique Strauss-Kahn on Tuesday ruled out the immediate prospect of a double-dip recession scuttling the fragile global economic recovery, despite various risks. The "recovery will go on without a double dip," the IMF managing director said to a question at ...