This is a “crisis like no other.” The outlook is dire. We expect global economic activity to decline on a scale we have not seen since the Great Depression. This year 170 countries will see income per capita go down—only months ago we were projecting 160 economies to register positive per capita income growth. Read Here – […]
Under the assumption that the pandemic and required containment peaks in the second quarter for most countries in the world, and recedes in the second half of this year, in the April World Economic Outlook we project global growth in 2020 to fall to -3 percent. This is a downgrade of 6.3 percentage points from January 2020, […]
Iran said it had asked the IMF for its first loan since the time of the Shah to combat a coronavirus outbreak that has claimed 429 lives and infected more than 10,000 people. Foreign Minister Mohammad Javad Zarif announced the request on Twitter, calling on the International Monetary Fund to “stand on the right side […]
Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate to 4.8 per cent for 2019, citing stress in the non-banking financial sector and weak rural income growth. Read […]
Humanity would have suffered had Facebook been allowed to use Libra to privatise the international payments system. But the authorities that are now strangling Libra should look to the future and do with it something innovative, useful, and visionary: hand Libra, or its core concept, over to the International Monetary Fund so that it can […]
Unlike the 2008 global financial crisis, which was mostly a large negative aggregate demand shock, the next recession is likely to be caused by permanent negative supply shocks from the Sino-American trade and technology war. And trying to undo the damage through never-ending monetary and fiscal stimulus will not be an option. Read Here – […]
Pakistan’s Prime Minister Imran Khan is fond of using sporting clichés to explain complicated political dilemmas. “Bowling out the opposition” and forcing the “Umpire’s finger” are both regulars from his public speaking playbook. But as problems mount for Pakistan’s civilian leader, it’s getting harder to explain away reality with handy cricket metaphors. Cricket, after all, […]
Grappling with a crippling economic crisis at home, Pakistan is compelled to tread slowly and carefully in the emerging geoeconomics and politics of the region. Although financial help and support from China, Saudi Arabia and the UAE have contributed to partially resolving the country’s balance of payments crisis, yet an IMF bailout seems inevitable. Some would translate it as a return […]
Crown Prince Mohammed bin Salman told Pakistani Prime Minister Imran Khan to consider him the “ambassador of Pakistan” in Saudi Arabia moments after the two countries signed key memorandums of understanding (MoUs) worth $20 billion on Sunday in the fields of energy, petrochemicals, minerals, agriculture and food processing. Read Here – Arab News
It was always hard to see why a semi-medieval Middle Eastern autocracy reliant on a single fossil fuel was the best place to discuss any of those issues. And it is just as hard to believe the world will be worse off for not hearing what the IMF’s Christine Lagarde or J.P. Morgan’s Jamie Dimon […]
looking beyond borders 