The International Monetary Fund pared its forecast for India’s growth to 5.9% from 6.1% for the current fiscal year, while painting a bleak picture for the world economy battling tightening financing conditions even as the Russia-Ukraine war rages on and the pandemic lingers. “Over the medium term, the prospects for growth now seem dimmer than … Read more
The International Monetary Fund (IMF) has kept India’s growth forecast for 2021-22 unchanged at 9.5%, but lowered the global growth projection marginally to 5.9% from 6% earlier citing supply disruptions in advanced economies and worsening pandemic dynamics in low-income developing countries. The multilateral organisation in its latest World Economic Outlook report released on Tuesday has … 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
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