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
WASHINGTON: The head of the International Monetary Fund on Sunday called for significant steps to address the increasingly unsustainable debt burdens of some countries, urging creditors and debtors to start restructuring processes sooner rather than later. IMF Managing Director Kristalina Georgieva said a six-month extension of the Group of 20 major economies’ freeze in official … Read more
Gita Gopinath, chief economist of the International Monetary Fund (IMF). Synopsis India’s new farm and labour laws are a step in the right direction and have the potential to strengthen the supply side and also help boost demand, along with some level of direct support, she told ET in an exclusive interview. NEW DELHI: More … 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
TOKYO: US Secretary of State Mike Pompeo visited Japan on Tuesday to rally support from Washington’s closest allies in Asia, calling for deeper collaboration with Japan, India and Australia as a bulwark against China’s growing regional influence. The East Asia visit, Pompeo’s first in more than a year, coincides with worsening tensions with China. Yet … Read more
Washington: Prime Minister Narendra Modi‘s call for an “Aatmanirbhar Bharat” (self-reliant India) is an important initiative, the International Monetary Fund (IMF) said on Thursday. “The economic package under this self-reliant India initiative, which was announced in the aftermath of the coronavirus shock, has supported the Indian economy and mitigated significant downside risks, so we do … Read more
New Delhi: The Indian economy needs major reforms in areas like land, labour and banking, in addition to the measures already undertaken like the GST and bankruptcy law, KKR Global Institute chief David Petraeus said on Friday. “I think there is…really a need for additional reforms in addition to the GST, bankruptcy law, banking for … Read more
How’s this for déjà vu? Another debt crisis is brewing in Europe. Greece needs European creditors to release cash from a bailout agreed in 2015 so it can make debt repayments, but officials are at loggerheads. Investors are starting to worry, demanding higher returns on Greek debt. Adding to the confusion is a warning from … Read more