International Monetary Fund

The U.S. economy is projected to outshine its advanced counterparts in the coming years with a notable upward revision in its growth forecasts, according to the April 2024 World Economic Outlook. The forecast predicts a 2.7% growth for the U.S. in 2024 — an improvement by 0.6 percentage points...

Argentine stocks experienced a surge on Thursday following rumors that the country is in discussions with the International Monetary Fund (IMF) for a new program. This initiative aims to secure additional funding, accelerating Argentina’s departure from its stringent capital controls, as...

The ambitious development projects in Saudi Arabia are straining the country’s finances, leading to unprecedented borrowing and potential stock sales in its crown jewel, Saudi Aramco. What Happened: Saudi Arabia has been embarking on a series of high-profile projects, including a $500...

Fears of a severe economic downturn are fading as economic growth continued to outpace expectations, and on Tuesday, the International Monetary Fund (IMF) backed up hopes of a soft landing in its quarterly report. The Washington, D.C.-based IMF said economic resilience seen in the second half of...

This week was a roller coaster ride for the global economy, with the US debt situation raising red flags, economists predicting tough times due to the Israel conflict, and ongoing debates regarding inflation. Besides this, the trend of reshoring is gaining momentum, with manufacturing jobs...

The U.S. is facing an increasingly worrisome debt crisis, with corporate defaults on the rise, the International Monetary Fund (IMF) predicted. Business Insider reported that the IMF sounded alarm with the U.S.’s fiscal situation as the “most worrying” among all...

Kristalina Georgieva, the head of the International Monetary Fund, has expressed support for reforms that would potentially grant Beijing more voting power within the organization.  What Happened: The IMF head, in an interview with the Financial Times, has emphasized the necessity for the...

El Salvador president Nayib Bukele's embracing of Bitcoin (CRYPTO: BTC) was initially met with skepticism on Wall Street. However, the subsequent bond rally, boasting 70% returns, is now drawing investors who had previously been wary or had avoided the country's securities. These returns...

As global regulatory uncertainty continues to cloud the crypto industry, the International Monetary Fund (IMF) has suggested that completely banning digital assets may not be a sustainable or efficient strategy to address the risks they present. "While a few countries have completely banned...

The International Monetary Fund on Thursday reportedly called on the Federal Reserve and other central banks to “stay the course” on their monetary policy and remain vigilant in tackling inflation. IMF spokesperson Julie Kozack said inflation momentum has slowed in the United States but...

The International Monetary Fund says the U.S. economy won't escape the challenge of persistent inflation if the job market does not soften and monetary policy does not stay tight for an extended period of time. On Friday, the U.S. Bureau of Economic Analysis (BEA) ...

The International Monetary Fund (IMF) released its global growth expectations for the medium term to be around 3% — the lowest medium-term forecast in an IMF World Economic Outlook since 1990. The IMF said its baseline forecast "assumes that the recent financial sector...

Key industry leaders have come up in arms against the International Monetary Fund’s (IMF) statement that cryptocurrencies in general should not be granted legal tender status, saying central banks the world over are losing their grips on world finance. Leaders say a blanket ban...

The International Monetary Fund (IMF) called for a coordinated global response to the risks posed by crypto assets. What Happened: In a board paper, the IMF set out a framework of nine elements to guide members in developing a comprehensive, consistent and coordinated policy response. The...

The International Monetary Fund has said in a blog that central banks must be resolute in their fight against inflation and ensure policy remains appropriately tight long enough to durably bring inflation back to target. What Happened: Authors Tobias Adrian, Christopher Erceg and Fabio Natalucci...