
Business / Economy Apr 24, 2022
IMF says yen's rapid slide may hamper Japan's post-pandemic recovery
The drop to a 20-year low against the dollar reflects the BOJ's loose monetary easing while other central banks are tightening.
IMF says yen's rapid slide may hamper Japan's post-pandemic recovery
The drop to a 20-year low against the dollar reflects the BOJ's loose monetary easing while other central banks are tightening.
One dead after police fire on Sri Lanka protesters amid IMF bailout talks
Demonstrations have raged across the South Asian island country of 22 million people for weeks over the government's mishandling of the economy.
Sri Lanka's reluctance to tap IMF helped push it into an economic abyss
Faced with a rapidly deteriorating economic environment, the government chose to wait, instead of moving quickly and seeking help.
IMF cuts Japan's growth forecast over hit from Ukraine war fallout
The IMF now expects Japan's economy to grow 2.4% this year, lower than a projection for 3.3% expansion made in January.
There is a big economic and political cost to closed minds
One of the main reasons for the uneven COVID-19 recovery has more to do with politics than economics as support for aggressive nationalistic trade barriers has grown sharply in recent years.
China's January factory activity contracts as COVID-19 lockdowns bite
China's factory activity contracted at the sharpest rate in 23 months in January, underscoring the huge economic costs from the country's "COVID zero" approach.
COVID-19 pandemic unlikely to have 'scarring' effects on Japan economy, IMF says
While the current surge of the omicron variant could slow growth momentum in the first quarter of 2022, a "strong rebound" is expected in the second quarter as the wave dissipates.
Slowdowns in U.S. and China will hold back global growth, report says
Higher inflation, supply chain chokepoints, and pandemic-related shutdowns and worker shortages continue to afflict rich and poor nations, the IMF said.
IMF chief urges debt-laden nations to act now to avoid problems
Managing Director Kristalina Georgieva said that her worry is greatest for low-income countries because 60% are in debt distress or in danger of reaching that point.
Sri Lankan ministers plan meeting to consider seeking IMF bailout
Sri Lanka struggles with limited options to address upcoming debt maturities.