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Showing 51 - 60 of 589 results for %22IMF%22

Global markets bleed red

ALLY SELBY  |  THURSDAY, 16 APR 2020
... further dent performance." New York data also severely disappointed, she said. "This corresponds to the tune from the latest IMF update looking at a dent on global GDP worse than the Great Depression and the US economy GDP projected to sink 5.9%, down ...

Worse than the Great Depression: IMF

ELIZA BAVIN  |  WEDNESDAY, 15 APR 2020
... this year due to the effects of COVID-19. Gita Gopinath, economic counsellor and director of the research department at the IMF, said the pandemic has resulted in a collapse in activity that is unlike anything experienced in this lifetime. "This is a ...

Chief economist update: How deep the global recession?

BENJAMIN ONG  |  WEDNESDAY, 15 APR 2020
... Lockdown, as one might call it, is projected to shrink global growth dramatically." This is how the International Monetary Fund (IMF) recently characterised the global economic backdrop that led it to take a chainsaw and lopped off 6.3% from its 2020 ...

Recovery expected in 2021: IMF

ELIZA BAVIN  |  TUESDAY, 24 MAR 2020
Although the outlook for 2020 looks bleak, recovery is on the cards for 2021, according to IMF managing director Kristalina Georgieva. Following a conference call of G20 finance ministers and Central Bank governors Georgieva said that while the human ...

Virus fallout worse than GFC: IMF

ELIZA BAVIN  |  TUESDAY, 10 MAR 2020
... the coronavirus epidemic. In a blog post, Gita Gopinath, economic counsellor and director of the research department at the IMF, warned that the coronavirus outbreak is different from past issues. "This health crisis will have a significant economic ...

Chief economist update: A crisis of supply, demand and confidence

BENJAMIN ONG  |  FRIDAY, 6 MAR 2020
... repercussions of COVID-19 (gulp). The OECD has already slashed its 2020 growth forecast by 50 basis points to 2.4% and the IMF now expects world growth to be lower than last year's 2.9% rate. In its World Economic Outlook report published in January ...

Chief economist update: Who's afraid of COVID-19?

BENJAMIN ONG  |  TUESDAY, 25 FEB 2020
... shutdowns of entire towns/cities, etc. as COVID-19 has now done. So much so, that the global economy is getting/gotten sick. The IMF has downgraded its 2020 global growth forecast by 0.1 ppt to 3.2% -- led by a reduction in China's GDP growth from ...

Bell FG appoints director, releases FY results

ALLY SELBY  |  FRIDAY, 21 FEB 2020
... Feldmanis adds the role to her already impressive resume; currently serving as a director of Perpetual Equity Investment Company, IMF Bentham, FIIG Securities, Utilities of Australia and Hunter Water Corporation. She is also currently the chair of Bell ...

Chief economist update: Coronavirus threatens Tokyo Olympics

BENJAMIN ONG  |  FRIDAY, 7 FEB 2020
The sooner the coronavirus is licked, the better for everybody - more so for Japan. The Diamond Princess Cruise Ship underscores the positive impact of tourism on Japan's economy. The nearly 4000 tourists quarantined aboard the ship due to the coronavirus ...

Chief economist update: Coronavirus infects oil market

BENJAMIN ONG  |  TUESDAY, 4 FEB 2020
It appears that no one and nothing is immune from the spread of the coronavirus. It's now turned the bull market in crude oil into a bear. Crude oil prices sank by more than 10% (the technical definition of a bear market) - WTI oil down 15.6%; Brent ...