Tag: International Monetary Fund

Bank of England votes against more economic stimulus

Bank of England votes against more economic stimulus

The Bank of England voted against a further round of quantitative easing, at its latest Monetary Policy Committee (MPC) meeting. Just one member, David Miles, voted for further asset purchase to encourage growth in the UK economy, while the other eight members voted to keep the Bank’s quantitative easing programme steady at £325bn. The minutes [...]

May 24, 2012 | 0 Comments More
Firms mislead consumers with pension projections

Firms mislead consumers with pension projections

The Financial Services Authority (FSA) is calling for pension and insurance providers to reduce the estimates of returns used when marketing their products. The regulator warns that firms are using over-generous forecasts which could be misleading for consumers. It wants them to reduce the estimates of returns on investment products by at least 0.5 percent, [...]

April 12, 2012 | 0 Comments 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
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 | 0 Comments 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 | 0 Comments 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 | 0 Comments More
IMF downgrades US economic growth

IMF downgrades US economic growth

The International Monetary Fund (IMF) has today downgraded its forecast for the US economy expecting growth of 2.5% this year and 2.7% next year. The forecast for next year is below the Federal Reserve’s prediction of 3.3%. The Washington-based Fund was providing its annual review of the world’s largest economy and is warning the US [...]

June 29, 2011 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments 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 | 0 Comments More
German analyst and investor confidence dives in April

German analyst and investor confidence dives in April

The Zew economic sentiment index has revealed German analyst and investor confidence fell more than forecast in April - the second consecutive monthly drop. The index, which measures expectations of economic activity over the next six months, plunged to 7.6 from 14.1 points in March. Analysts had expected the index to hover around the 10 [...]

April 12, 2011 | 0 Comments More
Rising oil and inflation pose threat to global recovery

Rising oil and inflation pose threat to global recovery

The International Monetary Fund (IMF) has today said while the global economy is recovering, challenges remain. The challenges the global economy face are rising oil prices amid the ongoing civil unrest in Libya and the Middle East. Inflationary pressures also pose a threat to economic growth - particularly in Asia, the IMF said in its [...]

April 11, 2011 | 0 Comments More
IMF optimistic for faster global economic growth

IMF optimistic for faster global economic growth

The International Monetary Fund (IMF) has today provided a positive assessment for global economic growth, lifting its forecast for 2011 from 4.2% to 4.4%. However, it highlighted that risks remain from the debt crisis in the euro zone. It also warned of overheating in fast-growing emerging economies including China and Brazil - who are both [...]

January 25, 2011 | 0 Comments More
No new measures for euro zone to prevent contagion

No new measures for euro zone to prevent contagion

The meeting of European finance ministers continues today with the debt crisis again to be high on the agenda. However, other issues including the EU budget and VAT are also expected to be discussed. Yesterday’s meeting ended with Jean-Claude Juncker, Luxembourg Prime Minister and Eurogroup Chairman, telling reporters that there is no need to increase [...]

December 7, 2010 | 0 Comments More
Germany against boosting EU rescue fund

Germany against boosting EU rescue fund

A meeting of euro zone finance ministers is taking place today to discuss boosting the EU rescue fund in light of the debt crisis that is currently eating its way into the nation. The recent Irish bailout has done little to allay fears and speculation has been mounting that other weaker euro zone economies may [...]

December 6, 2010 | 0 Comments More
Euro zone ministers to meet to discuss rescue fund

Euro zone ministers to meet to discuss rescue fund

A meeting today of euro zone finance ministers is expected to see pressure mount to boost the EU rescue fund in light of the debt crisis. The recent Irish bailout has done little to allay fears and speculation has been mounting that other weaker euro zone economies may need financial aid. Dominique Strauss-Kahn, chief of [...]