Climate change gets first mention in G20 finance communique of Trump era
Finance officials from the world's 20 biggest economies (G20) on Sunday referenced climate change in their final communique for the first time in U.S. President Donald Trump's administration, but stopped short of calling it a major risk to the economy. The United States blocked including ...
The deadly coronavirus epidemic could put an already fragile global economy recovery at risk, the IMF warned Sunday, as G20 financial chiefs discussed ways to contain its economic ripple effects. Global growth was poised for a modest rebound to 3.3 percent this year, up from ...
Coronavirus poses risks to fragile recovery in global economy, says IMF
The outbreak of new coronavirus COVID-19 has already disrupted economic growth in China, and further spread to other countries could derail a "highly fragile" projected recovery in the global economy in 2020, the International Monetary Fund warned Wednesday. In a note for G20 finance ministers ...
Lebanon may not survive if its new government fails, the powerful Hezbollah warned on Sunday, urging the country's divided politicians not to obstruct the Cabinet as it seeks to address an unprecedented economic and financial crisis. Hezbollah leader Sayyed Hassan Nasrallah also said there was ...
Hungary's Orban warns about climate crisis and slow EU growth
Hungary's prime minister on Sunday declared the past decade as the most successful of Hungary's past century, but also said the country was threatened by the climate crisis, continuing population decline and "sinister menaces gathering over the European economy." During his annual state of the ...
IMF chief expects China to bounce back with quick, V-shaped recovery
The head of the International Monetary Fund said Wednesday she expects the Chinese economy to recover quickly from repercussions linked to the COVID-19 outbreak, although she noted many uncertainties remain. IMF Managing Director Kristalina Georgieva said in a statement that the "most likely scenario we ...
IMF urges gradual consumption tax hike in rapidly graying Japan
The IMF said the tax would need to be lifted to 20 percent by 2050 to finance swelling costs due to an aging population.
The International Monetary Fund is forecasting that Japan's economy will grow 0.7 percent this year, up 0.2 percentage point from its earlier estimate due to stimulus measures to mitigate the impact of the Oct. 1 consumption tax hike. The Washington-based institution also said global growth ...
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 ...
