Aug 2, 2013

Public debt situation worries IMF

The International Monetary Fund expressed concern Thursday about the fiscal situation in Japan, where public debt keeps soaring. Simulations by the IMF “suggest that global output losses could reach 2 percent of GDP” if Japan is “exposed to a reconsideration of sovereign risk by ...

Jul 18, 2013

China economy 'unsustainable': IMF

China’s economy, fueled by credit and government debt that has increased far faster than official statistics reflect, is heading in an “unsustainable” direction that poses major risks in the years ahead, the International Monetary Fund reported Wednesday. In one of its sharpest critiques of ...

Jul 16, 2013

IMF's global forecast makes for dreary reading

by Robert Samuelson

The International Monetary Fund’s latest global economic forecast makes for unhappy reading. You may remember that, some years back, it was fashionable to ask whether the world economy could continue “flying on one engine” — meaning the United States. America’s boom and import appetite ...

IMF raises 2013 economic growth forecast for Japan

Jul 10, 2013

IMF raises 2013 economic growth forecast for Japan

The International Monetary Fund on Tuesday raised its economic growth estimate for Japan in 2013 to reflect the impact of the country’s monetary easing policy, while cutting its growth projections for the United States, China and the overall global economy. In an update to ...

Tapie charged as French probe takes new twist

Jun 30, 2013

Tapie charged as French probe takes new twist

Flamboyant French tycoon Bernard Tapie was charged with fraud Friday in the latest twist in a corruption probe that is threatening to embroil International Monetary Fund chief Christine Lagarde. After four days of interrogation in custody, Tapie, 70, was hauled before a magistrate and ...

Jun 1, 2013

BOJ's 2% inflation goal doable, IMF says

The International Monetary Fund said Friday that the Bank of Japan’s commitment to a 2 percent inflation target “could be achieved” if the government takes effective measures to bolster economic growth and restore its fiscal health, the worst among developed nations. “Complementary growth strategies ...

Apr 13, 2013

IMF says so far, so good with easing by central banks

Global central banks, including the Bank of Japan, buying assets and keeping interest rates low to boost growth have had “positive short-term effects for banks” even as risks from the policies are increasing, the International Monetary Fund said. “The prolonged period of low interest ...

Apr 12, 2013

Lagarde calls BOJ's easing 'positive step'

IMF Managing Director Christine Lagarde said the Bank of Japan’s recently announced new monetary easing is “a positive step.” In a speech Wednesday at the Economic Club of New York, the head of the International Monetary Fund noted the emergence of a “three-speed” global ...