Tag: International Monetary Fund, IMF

• Wednesday, October 18th 2017 - 08:28 UTC

  China's credit rating downgraded by S&P, “but might still be too good”

  

  China's credit rating has been downgraded by Standard & Poor's (S&P) because of worries over the rapid buildup of debt in the country. S&P cut China's rating by one notch from AA- to A+, saying its debts had raised “economic and financial risks”.

• Thursday, October 12th 2017 - 20:44 UTC

  IMF forecasts Venezuela's inflation to reach 2.300% next year and unemployment 30%

  

  Venezuela’s triple-digit annual inflation rate is set to jump to more than 2,300% in 2018, the highest estimate for any country tracked by the International Monetary Fund.

• Tuesday, July 25th 2017 - 06:29 UTC

  IMF lowers US economic growth forecast for 2017 and 2018

  

  The IMF on Sunday lowered its economic growth forecasts for the United States to 2.1% for this year and the next, down from the 2.3% for 2017 and 2.5% for 2018 that it had predicted in April.

• Thursday, January 19th 2017 - 08:00 UTC

  Brazil confident in “recovery curve” coming from a very low level, says Meirelles

  

  Brazil's Finance Minister Henrique Meirelles has admitted that the government is going to revise its official forecast for this year's GDP growth, but gave no details as to the extent of the change. In its latest forecast, the government had estimated the economy was going to grow 1% in 2017.

• Friday, December 9th 2016 - 16:30 UTC

  IMF ups forecast for Uruguay's growth in 2016 to 0.7% - In October it had anticipated 0.1%

  

  The International Monetary Fund (IMF) on Thursday raised its forecast for economic growth in Uruguay this year to 0.7%, a substantial increase from the 0.1% estimated in October, and underlined the country's resilience to the problems of its neighbors Argentina and Brazil.

• Wednesday, November 16th 2016 - 09:38 UTC

  IMF anticipates a more gradual recovery of the Brazilian economy than forecasted

  

  International Monetary Fund's executive board said on Tuesday that the Brazilian economy could be close to pulling out of a grueling recession, but faces a long and bumpy recovery that hinges on the approval of unpopular reforms. In its considerations of the IMF staff's annual report on Brazil, the executive board said that despite the new government's efforts to avoid a fiscal crisis they expected a gradual recovery in Latin America's top economy.

• Thursday, November 10th 2016 - 12:08 UTC

  IMF lifts motion of censure on Argentina for manipulating data

  

  The International Monetary Fund (IMF) on Wednesday lifted the censure motion that weighed on the country since 2013, when it decided to sanction Argentina because it considered that statistics at the National Census' Institute (Indec) were being manipulated.

• Saturday, August 13th 2016 - 08:24 UTC

  Argentina's July inflation falls to 2%, confirming sliding tendency

  

  Argentina's inflation rate eased to 2% in July, less than half of what it was two months before when the government began reporting consumer price data after revamping the country's troubled statistics office. The July figure was released on Friday by the new Indec data agency. A month earlier it reported 3.1% inflation for June and 4.2% for May when it issued its first consumer price report since President Mauricio Macri took office in December.

• Friday, June 10th 2016 - 08:08 UTC

  World Bank slashes global growth forecast to 2.4%, down from 2.9%

  

  The World Bank has slashed its 2016 global growth forecast to 2.4% from the 2.9% estimated in January, due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows.

• Saturday, May 14th 2016 - 08:55 UTC

  US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF

  

  Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.