Global economy faces tougher year in 2023, IMF's Georgieva warns
Third of world economy to hit recession in 2023.
Third of world economy to hit recession in 2023.
IMF cuts 2023 global growth to 2.7% on war and downturns
The International Monetary Fund predicted Tuesday that the “Great Lockdown” recession, fueled by the coronavirus pandemic, will be the steepest in almost a century and warned that the world economy’s contraction and recovery would be worse than anticipated if the coronavirus lingers or returns.
UK’s outlook for 2019 stays at 1.5% but previous forecast for 1.3% this year cut to 1.1%
President Mauricio Macri said Monday that crisis-hit Argentina will receive additional funding from the International Monetary Fund and vowed to avoid a default.
Argentina's central bank yanked its benchmark interest rate up to a dizzying 60 per cent in a bid to control rampant inflation as the country's currency plummeted 15.8 per cent to a record low 40.5 pesos per US dollar.
IMF Reaches Staff-Level Agreement with Argentina on a Three-Year, US$50 Billion Stand-By Arrangement
Argentina will request a “high access stand-by” financing arrangement from the International Monetary Fund (IMF) to calm volatile financial markets, in a move that could finance the country through next year, officials said on Wednesday.