The world's most powerful policymakers are struggling to alleviate the pain of a slowing global economy with few levers left to pull and growing concern that one of them, negative interest rates, already is creating problems of its own. In an ideal world, elected officials ...
If it needs to ease monetary policy, the Bank of Japan will ‘certainly’ reduce short- to medium-term interest rates, Gov. Haruhiko Kuroda says.
IMF to examine climate risk to financial markets, official says
The International Monetary Fund is examining the impact of climate on the world's financial markets and whether it is priced into market valuations, the head of the global lender's markets division said Saturday. "We are doing work on the pricing of climate risks and to ...
Fallout from Trump's trade wars felt by economies around the world
The collateral damage of the United States' trade wars is being felt from the fjords of Iceland to the auto factories of Japan. Central bank governors and finance ministers traded grim tales of suffering economies at the International Monetary Fund and World Bank fall meetings ...
Weak trade delaying global recovery, says Bank of Japan Gov. Haruhiko Kuroda
The timing of a global economic recovery is being delayed as weaker global trade weighs on manufacturing, Bank of Japan Gov. Haruhiko Kuroda has said. Recent developments over the U.S.-China trade conflict together with Brexit "have reduced uncertainty somewhat," Kuroda said to reporters in Washington ...
Global growth this year projected to hit lowest level in decade: IMF
The International Monetary Fund on Tuesday forecast world economic growth of 3.0 percent in 2019, its lowest level in a decade, amid the prolonged U.S.-China trade war, while leaving its growth forecast for Japan unchanged at 0.9 percent. In its latest World Economic Outlook, the ...
Indigenous-led national strike in Ecuador increases pressure on defiant Moreno
Indigenous-led protesters began a national strike in Ecuador on Wednesday after President Lenin Moreno refused to step down or overturn anti-austerity measures that have triggered the worst unrest in a decade. Streets were empty of traffic and businesses were closed in Quito and other cities ...
Divided EU taps Bulgaria's Kristalina Georgieva as IMF candidate
In a fractious vote, EU ministers on Friday chose the Bulgarian No. 2 of the World Bank, Kristalina Georgieva, as the bloc's candidate to become IMF chief. Georgieva, if appointed, would become the second female managing director of the International Monetary Fund, after Christine Lagarde, ...
Egypt says third of its population living in poverty as final IMF loan looms
Egypt says 1 in every 3 citizens was living in poverty in 2018. The country's statistics agency says 32.5 percent of Egyptians lived below the poverty line that year, up from 27.8 percent in 2015 and 16.7 percent in 2000. Monday's report was the first on ...
Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday. Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries ...
Ability, not nationality, should be the most important factor in the selection process.
The biggest cloud hanging over the international economy is the prospect of a trade war between the United States and China, and a concomitant erosion of the commitment to free and open trade.
