Tag: IMF

UK out of recession economic research institute claims

UK out of recession economic research institute claims

The UK economy returned to growth in the third quarter according to the National Institute of Economic and Social Research (NIESR), marking an end to the double dip recession. The NIESR estimates that GDP grew by 0.8 per cent in the three months ending in September, building on an improvement seen in the three months […]

October 10, 2012 More
Bank of Thailand keeps interest rates on hold despite floods

Bank of Thailand keeps interest rates on hold despite floods

The Bank of Thailand has opted to keep interest rates on hold at 3.5%, despite the worst floods the country has seen in decades which are set to hamper growth. Thailand, which is South-East Asia’s second largest economy, is expected to see growth of just 2% this year as a result of flood damage, compared […]

October 19, 2011 More
IMF downgrades growth forecast for Asia

IMF downgrades growth forecast for Asia

The Washington-based International Monetary Fund (IMF) has downgraded its growth prospects for Asia amid the euro zone debt crisis and sluggish US growth. The IMF is now forecasting growth for Asia of 6.3% in 2011 and 6.7% in 2012. This is slightly lower than the 7% growth for both years it estimated in April. According […]

October 14, 2011 More
Ifo: German business confidence falls for third straight month

Ifo: German business confidence falls for third straight month

The Munich-based Ifo think tank has today revealed confidence among German firms fell for the third consecutive month in September. The closely-watched Business Climate Index dipped to 107.5 this month from August’s reading of 108.7 – this represented the lowest level since June 2010. However, the fall was not as bad as the 106.5 economists […]

September 26, 2011 More
IMF provides assessment for UK economy

IMF provides assessment for UK economy

In its latest assessment of the UK economy, the International Monetary Fund (IMF) has said growth will be around 1.5% this year. The Washington-based Fund warned that stubbornly high inflation continues to be a threat to the economy and is forecasting inflation to remain well above the 4% mark in 2011 before falling to 2% […]

August 2, 2011 More
IMF: Action must be taken to prevent debt crisis

IMF: Action must be taken to prevent debt crisis

The International Monetary Fund (IMF) has warned euro zone policymakers to take immediate action to prevent the debt crisis spreading outside Europe. The warning comes as Spain’s borrowing costs rose to a 9-year high today as fears continue to grow over the debt crisis in the euro zone. There are fears that Spain, which is […]

July 19, 2011 More
IMF: Italy must introduce spending cuts

IMF: Italy must introduce spending cuts

The International Monetary Fund (IMF) is urging Italy to introduce austerity measures to lower the country’s debt. Its warning comes as there are fears that the euro zone’s third largest economy could be dragged into the euro zone’s debt crisis as it has the second highest sovereign debt ratio in the region. As a result, […]

July 13, 2011 More
France’s Lagarde becomes first female IMF chief

France’s Lagarde becomes first female IMF chief

It has been confirmed that French Finance Minister, Christine Lagarde, is to become the first ever woman to head the International Monetary Fund (IMF). The 55-year-old has been the front-runner since the position became available when Dominique Strauss-Kahn, former managing director of the IMF, was forced to step down after being accused of sexually assaulting […]

June 29, 2011 More
IMF warns Spanish Government to reduce spending

IMF warns Spanish Government to reduce spending

The International Monetary Fund (IMF) has warned the Spanish Government to continue with its efforts of cutting public spending and reducing unemployment. Like many other Governments across the globe, Spain is taking steps to reduce the deficit but the IMF warned the economy still faces “considerable” risks. In an annual report, the Washington-based Fund said: […]

June 21, 2011 More
Greek PM faces confidence vote

Greek PM faces confidence vote

Later today, Greece’s Prime Minister, George Papandreou, faces a confidence vote after the crisis-torn country needs to introduce further austerity measures in order to avoid the euro zone’s first sovereign debt default. EU leaders are insistent that the PM secure support for the measures that are a condition of the latest instalment of financial aid. […]

Euro zone debt crisis could affect UK recovery

Euro zone debt crisis could affect UK recovery

Treasury Minister, Mark Hoban, has today said the ongoing “instability” in the euro zone could hold back the recovery of the UK economy. While banks in the UK only have a small exposure to Greek debt compared with France and Germany, it could still have a considerable impact on the economy. Mr Hoban was responding […]

June 20, 2011 More
IMF downgrades UK economic growth

IMF downgrades UK economic growth

The International Monetary Fund (IMF) has warned of risks facing the world economy. However, on a positive note, it maintained its global growth forecasts, expecting the world economy to grow at a rate of 4.3% this year and 4.5% in 2012. In its World Economic Outlook, it upgraded its growth forecast for Germany from 2.5% […]

June 18, 2011 More
Greek yields up on Wolfgang Schaeuble comments

Greek yields up on Wolfgang Schaeuble comments

Germany’s Finance Minister, Wolfgang Schaeuble, has said Greece is at “risk” of default if funds are not provided soon. In a letter dated 6 June to the European Central Bank and the International Monetary Fund (IMF), the Minister said a new package was required as the current one is “insufficient”. “A return by Greece to […]

June 8, 2011 More
IMF downgrades Japanese economic growth

IMF downgrades Japanese economic growth

The International Monetary Fund (IMF) has downgraded its growth prospects for the world’s third largest economy. The Fund expects the Japanese economy to contract by 0.7% in 2011, much lower than its previous estimate of 1.4%. The IMF said it lowered its growth forecasts because of March’s earthquake and tsunami. The twin disasters caused billions […]

IMF provides assessment for UK economy

IMF provides assessment for UK economy

The International Monetary Fund (IMF) has today published its annual assessment for the UK economy and is estimating growth of 1.5% this year, down from 1.7% in April. The estimate is roughly in line with other forecasts for the UK economy with the British Chambers of Commerce expecting growth of 1.3%, the Organisation for Economic […]

June 6, 2011 More
Concerns for UK economy as many call for “Plan B”

Concerns for UK economy as many call for “Plan B”

Some of Britain’s top economists are calling for Chancellor George Osborne to come up with a plan B for the UK economy. It has been suggested that the Chancellor’s massive spending cuts are too harsh for the fragile economy and a plan B on economic policy is required. The comments come shortly after the OECD’s […]

Osborne shows support for Lagarde to take IMF role

Osborne shows support for Lagarde to take IMF role

Chancellor George Osborne has showed his support for Christine Lagarde to take over as chief at the International Monetary Fund (IMF). Mr Osborne believes the 55-year-old Economy Minister is an “outstanding candidate” for the position and is set to formally nominate her. The chief role at the IMF is available after Dominique Strauss-Kahn was forced […]

May 22, 2011 More
IMF chief could face 25 year prison sentence

IMF chief could face 25 year prison sentence

Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), could be sentenced to up to 25 years in prison if he is convicted of the most serious charge. Sixty-two-year-old Strauss-Khan was arrested at the weekend after being accused of sexually assaulting a hotel maid in New York. Mr Strauss-Kahn denies the charges and is […]

May 17, 2011 More
Euro zone posts economic growth of 0.8% in Q1

Euro zone posts economic growth of 0.8% in Q1

Official figures have today revealed the 17-member euro zone economy grew by 0.8% in the January to March period – up from 0.3% in the previous quarter. Germany, which is the largest economy in Europe, grew by 1.5%, while France reported growth of 1%. Other good performers were Estonia, growing by a staggering 2.1% but […]

May 13, 2011 More
IMF warns debt crisis could still spread

IMF warns debt crisis could still spread

The International Monetary Fund (IMF) has today warned that the euro zone debt crisis could still spread, despite bailouts for Greece, Ireland and Portugal. A report by the IMF said: “Contagion to the core euro area, and then onwards to emerging Europe, remains a tangible downside risk.” There are already further fears for Greece after […]

May 12, 2011 More