An unexpected decline in output in the United States prompted the International Monetary Fund to lower the global growth forecast for this year, while warning that the uncertainty in Greece and re-balancing in China could pose risks to the outlook. More...
If Greece wants to avoid defaulting on its debts, a deal has to be found within days. But back-of-the-envelope calculations by Real Time Brussels show that the Athens government and its creditors may have until the winter to seal a third bailout deal for the country. Here is how: Greece’s decision last week to bundle this month’s payments to the International Monetary Fund means its first major redemption, €1.6 billion, is ...
The EUR/USD soared for several days adding almost 300 points to trade above the 1.13 level to reverse course Friday and fall 125 points to end the week at 1.1114. The euro had to deal with the Greek situation which is now hitting its pinnacle as Greece did not make the June 5th payment and asked the IMF to combine all the June payments to pay at the end of the month. The ECB supported the currency and Mario Draghi sent the euro soaring at his monthly ...
Global growth will be driven this year by a rebound in advanced economies that benefit from lower oil prices, while the economic situation will remain sluggish in the emerging market and developing economies, the International Monetary Fund said in a repor. In its twice-yearly World Economic Outlook, the IMF retained the world growth forecast for this year at 3.5 percent. The lender raised the growth forecast for next year to 3.8 percent ...
The global economic growth is likely to be slightly above 3 percent this year in the face of geopolitical risks, International Monetary Fund Chief Christine Lagarde said in an interview with the French daily Les Echos. The growth is likely to be between 3 and 3.5 percent, she said. Growth is uneven as some countries started growing faster than others. The IMF is set to release its next World Economic Outlook in October. Earlier ...
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