International Monetary Fund yesterday revised up its forecast for world economic growth in 2018 and 2019 saying that sweeping US tax cuts were expected to boost investment in the world's largest economy and help its main trading partners. In an update of its World Economic Outlook, the IMF however warned that US growth would likely start weakening after 2022 as temporary spending incentives brought about by the tax cuts start to expire. ...
France's presidential election is adding to the existing political uncertainty worldwide as it raises several questions on the future of the euro area, the International Monetary Fund Managing Director Christine Lagarde said Tuesday. more...
A slowdown in the pace of trade reform since the early 2000s, a post-crisis uptick in protectionism, and the risk of further reversals have weakened trade, productivity, and income growth in the global economy, a joint report by the International Monetary Fund, the World Bank and the World Trade Organization warned on Monday. more...
Markets now believe Federal Reserve won't rise rates until 2016, and this is what experts are talking about: Economists at Barclays - expectation of a Fed rate rise to the first half of next year: "Given the uncertainty around the current global outlook, the timing of the rate hike seems more uncertain than usual. Should this episode of financial market volatility prove transitory, the FOMC could raise rates in December. On the other hand, ...
The International Monetary Fund slashed the growth forecast for this year on Thursday, citing sluggish economic activity in the U.S. during the first quarter, and continued slowdown in the emerging market economies. More...
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