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Showing 61 - 70 of 605 results for "IMF"

Lockdown measures cost $4bn a week: Frydenberg

ELIZA BAVIN  |  TUESDAY, 5 MAY 2020
... restrictions on Friday 8 May 2020, including an assessment of achievement against precedent conditions," Morrison said. The IMF had previously estimated Australia's GDP would fall 6.7% this year and said the economic ramifications will be worse than ...

Chief economist update: Labor Day mayday

BENJAMIN ONG  |  FRIDAY, 1 MAY 2020
... out from Japan and the UK will be equally concerning, if not worse. This will make the International Monetary Fund's (IMF) world growth forecast of a 3.0% contraction this year seem optimistic. Monetary and fiscal stimulus measures could help mitigate ...

Is it really as bad as it seems?

ELIZA BAVIN  |  THURSDAY, 30 APR 2020
... politicians and rich-listers, even Tesla chief Elon Musk took to Twitter to call for the freedom of the American people. The IMF has warned the lockdown measures to stop the spread will result in global growth coming in at -3.3% this year and will lead ...

Chief economist update: Stimulus measures ease extreme fear

BENJAMIN ONG  |  WEDNESDAY, 22 APR 2020
Tanking oil prices are the latest go-to excuse for the renewed downturn on Wall Street. But more than this, it's added to the challenges facing America's economy and its corporate sector. The US labour market has already deteriorated markedly ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
... most, requires coordination within and across countries- it is a human crisis not just an economic one." It comes after the IMF downgraded its forecasts for global growth this year, with its economic counsellor and director of research Gita Gopinath ...

Australia versus the world

ELIZA BAVIN  |  THURSDAY, 16 APR 2020
... praised the government's stimulus package, the International Monetary Fund seems convinced it's not enough. So who is right? The IMF predicted that global growth will be -3.3% this year, while Australia's GDP will be significantly worse at -6.7%. Meanwhile ...

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 ...