(This story originally appeared in on Dec 28, 2021) Mumbai: On Christmas Eve in 2013, the Reserve Bank of India (RBI) had issued a note cautioning Indians about financial, legal and security risks of cryptocurrency. It came four years after the world’s first cryptocurrency, bitcoin, was launched. Eight years later, the central bank’s opposition to … Read more
The IMF on Tuesday projected an impressive 12.5 per cent growth rate for India in 2021, stronger than that of China, the only major economy to have a positive growth rate last year during the COVID-19 pandemic. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with … Read more
Tapping into women‘s huge potential is a “win-win” situation for their empowerment and inclusive global economic growth, IMF‘s Chief Economist Gita Gopinath has said as she warned that the COVID-19 pandemic threatens to roll back years of hard-won economic and social gains for the community. The top Indian-American economist made the comments in her keynote … Read more
WASHINGTON: Gita Gopinath, chief economist of the International Monetary Fund (IMF), has urged policymakers to provide more fiscal stimulus to boost the recovery from the Covid-19 pandemic as the global economy is in a liquidity trap. “For the first time, in 60 per cent of the global economy — including 97 per cent of advanced … Read more
By Alex Tanzi and Wei Lu The Covid-19 pandemic will produce lasting shifts to global growth, pushing China even more to the forefront. The proportion of worldwide growth coming from China is expected to increase from 26.8% in 2021 to 27.7% in 2025, according to Bloomberg calculations using International Monetary Fund data. That’s more than … Read more