IMF urges Japan to ensure tax hike goes smoothly

Business / Economy Oct 4, 2018

IMF urges Japan to ensure tax hike goes smoothly

International Monetary Fund chief Christine Lagarde urged Japan on Thursday to make sure that a nationwide consumption tax increase scheduled for next year does not hurt the country's economic growth. "We believe that the higher consumption tax will help fund growing health and pension expenses, ...

World Sep 17, 2018

No-deal Brexit 'would entail substantial costs': IMF

Britain's economy would suffer "substantial costs" if it leaves the European Union next March with no divorce agreement in place, the International Monetary Fund warned Monday. A no-deal Brexit, whereby Britain faces World Trade Organization tariffs, would "entail substantial costs for the U.K. economy — ...

Trade war imperils world growth, IMF warns

Business Jul 17, 2018

Trade war imperils world growth, IMF warns

Escalating trade tensions are threatening to derail a global upswing that is already losing momentum amid weaker than expected growth in Europe and Japan, warns the International Monetary Fund. The IMF kept its global forecast unchanged Monday in the latest update to its Global Economic ...

Trump tariffs open trade war against China

Business Jul 6, 2018

Trump tariffs open trade war against China

Punishing U.S. tariffs on Chinese imports took effect early Friday, marking the start of President Donald Trump's trade war with the largest U.S. trading partner and intensifying the anxieties of global industry. Beijing was expected to immediately retaliate dollar-for-dollar with its own countertariffs after Trump ...