Coronavirus puts global recovery at risk, IMF tells G20

Business / Economy Feb 24, 2020

Coronavirus puts global recovery at risk, IMF tells G20

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 ...

Crisis puts Lebanon's survival at stake, Hezbollah warns

World / Politics Feb 17, 2020

Crisis puts Lebanon's survival at stake, Hezbollah warns

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 ...

IMF upgrades Japan's growth forecast to 0.7% for 2020

Business / Economy Jan 21, 2020

IMF upgrades Japan's growth forecast to 0.7% for 2020

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 ...

IMF cuts Japan's GDP forecast for third time this year

Business / Economy Nov 25, 2019

IMF cuts Japan's GDP forecast for third time this year

The International Monetary Fund has cut its 2019 economic growth forecast for Japan for the third time this year amid heightened risks from the global slowdown and is calling on the government not to tighten its spending stance for now. The IMF reduced its growth ...