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The Latest Breaking News from International Monetary Fund

IMF urges global leaders to resolve trade tensions rapidly, as China tells US to ‘cancel all unilateral tariffs’ – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Thursday briefing: Rachel Reeves heads to Washington in pursuit of a trade deal – will she get one?

In today’s newsletter: The chancellor faces a pivotal moment in the US as she navigates high-stakes negotiations with the Trump administration

The Guardian - UK

US trade talks overshadow Reeves’s mission to Washington

The Chancellor has travelled to the US capital for the International Monetary Fund (IMF)’s spring meetings.

The Independent UK

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Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Fortune

US ‘keen to do a deal’, says Chancellor ahead of trade talks

Rachel Reeves has travelled to the US capital for the International Monetary Fund’s spring meetings of G7 and G20 finance ministers.

The Independent UK

US ‘keen to do a deal’, says Rachel Reeves as she outlines red lines ahead of trade talks

Chancellor expected to meet US Treasury secretary Scott Bessent on Friday in an attempt to make progress on negotiations for a UK-US economic deal

Evening Standard

US Treasury Chief Says IMF, World Bank Must Be 'Fit For Purpose'

The International Monetary Fund and the World Bank "must be made fit for purpose again," US Treasury Secretary Scott Bessent said Wednesday, arguing the institutions should be promoting economic growth instead of social issues.

International Business Times

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Rachel Reeves dashes hopes of early breakthrough in UK-US trade deal

Chancellor says UK is ‘not going to rush a deal’ and rejects new US demands on agricultural products

The Guardian - UK

Reeves signals UK could lower tariffs on US car imports in bid to secure Trump trade deal

The chancellor is in Washington DC as pressure mounts over dire IMF predictions of the effect on Britain’s economy if Trump goes ahead with his tariffs

The Independent UK

Scott Bessent says China must move away from export overcapacity and American overreliance: 'Everyone knows it needs to change'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first does not mean America alone,” sharing that more than 100 countries have come to the table to talk trade deals.

Fortune

IMF World Economic Outlook: economic uncertainty is now higher than it ever was during COVID

The International Monetary Fund (IMF) has just published its World Economic Outlook, and it does not take an expert to deduce that, even among some of the world’s top economic minds, confident predictions are currently hard to come by.

The Conversation

Trump’s an unstable bully – but it’s hard to defend the economic orthodoxies he is attacking

With Rachel Reeves in the US, some clarity is needed: the global economy has been mismanaged and the Federal Reserve does deserve criticism, says Guardian columnist Larry Elliott

The Guardian - UK

Watch: Rachel Reeves gives speech on UK economy at International Monetary Fund in Washington DC

Watch again as chancellor Rachel Reeves gave a speech on the UK economy at the International Monetary Fund in Washington DC on Wednesday (23 April).

The Independent UK

Could Trump be leading the world into recession?

Growth forecasts for the US and other advanced economies have been sharply downgraded by the International Monetary Fund (IMF) in the wake of dramatic swings in US president Donald Trump’s economic policy. But could the uncertainty and the turmoil in financial markets eventually be enough to push the world into…

The Conversation

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International Business Times

IMF Warns Of 'Intensified' Risks To Outlook For Public Finances

Donald Trump's tariff plans have increased the risks to public finances, the International Monetary Fund said Wednesday, warning countries to get their spending plans under control and prepare for "sharper" trade-offs.

The Independent UK

Rachel Reeves is besieged on all sides and needs a dramatic intervention to save UK economy

NEWS ANALYSIS: As Rachel Reeves prepares for a career defining speech in Washington DC, political editor David Maddox looks at the competing forces turning her dreams of economic growth into a nightmare

The Independent UK

Trump live updates: Just 37% of Americans approve of president’s handling of economy, poll shows

The majority of Americans now fear a recession, even as Donald Trump conceded ultra-high tariffs on China would fall but would not hit zero

Evening Standard

New tax rises warning as borrowing jumps in UK hit by Donald Trump tariff wars

Public sector net borrowing rose to £151.9 billion in the year to the end of March - equal to £95,300 per household

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The Independent UK

UK borrowing nearly £15bn above official forecast as pressure grows on Reeves

New figures come as the UK’s growth forecast is slashed

The Guardian - UK

Wednesday briefing: Can the latest ceasefire talks in London break the stalemate in Ukraine?

In today’s newsletter: As world leaders gather in the UK this week, any hope of breaking the deadlock when Russia and Ukraine refuse to compromise could mean the US walks away

The Independent UK

UK-US trade talks live: Reeves insists Trump is ‘keen to do a deal with the UK’ ahead of crunch talks

The chancellor will have her first face-to-face meeting with US Treasury secretary Scott Bessent

The Guardian - US

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

Evening Standard

Chancellor vows to defend British interests ahead of meetings in Washington

Rachel Reeves will meet American counterpart Scott Bessant for talks on an economic deal between the US and UK

The Guardian - AU

Morning Mail: ‘lying’ claims in leaders’ debate, IMF rings global economic alarm bell, Gore lashes Trump

Australia expected to lose $13bn in output thanks to Trump tariffs, body says; Nine awards third debate to Peter Dutton after familiar exchanges

Reason

IMF Report: Trump Trade War Will Hurt Both U.S. and Global Economies

Predictions for U.S. and global economic growth are down since January.

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