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The Latest Breaking News from International Monetary Fund

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

Evening Standard

IMF's economic view: A brighter outlook for US but still-tepid global growth

The International Monetary Fund has upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China

The Independent UK

UK economy to grow faster than thought in pre-Budget boost for Reeves

Only Spain was given a bigger economic upgrade by the IMF, making the UK the biggest beneficiary for extra growth in the G7 – although the US’s new growth rate of 2.8 per cent is higher

The Independent UK

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IMF warns Trump trade tariffs could dent global economy as it upgrades UK outlook

New report upgrades outlook for UK economy with growth now forecast at 1.1% rather than 0.7%

The Guardian - UK

While the IMF is upbeat about global growth it knows where dangers lurk

Optimistic forecasts could be upset by high borrowing costs, war in the Middle East – or a Trump election win

The Guardian - UK

IMF upgrades UK economic growth as elections drive global uncertainty

It came as the financial agency held its forecasts for the global economy steady for 2024, with a slight downgrade for next year.

Evening Standard

Yellen says isolationism 'made America and the world worse off' in speech to global finance leaders

Treasury Secretary Janet Yellen is telling world financial leaders that the U.S. economy has grown stronger because the Biden administration rejected isolationism, offering a barely veiled criticism of former President Donald Trump’s policies two weeks before the U.S. election

The Independent UK

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IMF warns markets are underestimating geopolitical risks; UK faces a ‘narrow path’ on debt reduction – as it happened

IMF predicts UK will grow by 1.1% this year, making it the joint third-fastest G7 country, but debt consolidation will be a challenge

The Guardian - UK

UK to lend Ukraine an additional £2.26bn for weapons to fight Russia

Loans will be repaid using interest generated by $300bn of frozen Russian assets held in the west

The Guardian - UK

Earnings, IMF Meeting and Other Can't Miss Items this Week

This week coming up we have more earnings reports, an IMF meeting, and a few other news releases.

Barchart

Debt will overshadow IMF gathering as World Bank boss pleads for poorest countries

In Washington, finance ministers will face pressure for action to reduce their own debt and offer more resources to poorer nations

The Guardian - UK

Global Finance Leaders Navigate Uncertainty Amid U.S. Election

Explore the potential impact of the U.S. presidential election on global economic policies and the IMF and World Bank's roles in maintaining economic stabi...

Top News

Tunisian President Faces Few Obstacles In Reelection Bid

Learn about Tunisia's upcoming presidential election, economic challenges, migration issues, and international relations under President Kais Saied.

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International Business Times

Israel-Hamas War Causes 86-percent Dive In Gaza GDP: IMF

A year of conflict between Israel and Hamas has resulted in a "devastating impact on the economy" in the occupied West Bank and Gaza, the IMF said Thursday, including a nearly 90 percent drop in Gaza's GDP. "Preliminary official estimates indicate an 86 percent decline in GDP in the first…

International Business Times

Sri Lanka's New President Seek Changes To IMF Deal

Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed painful austerity.

The Guardian - AU

Afternoon Update: scores killed in Beirut; Sydney Palestine vigil cancelled; falcon chicks hatch in Melbourne

At least six people have died after an Israeli missile strike on a medical centre in Lebanon’s capital

The Conversation

IMF endorses RBA high interest rates and warns a further hike might be needed if the inflation fight stalls

The International Monetary Fund has endorsed the Reserve Bank’s tough monetary policy – while warning rates might need to rise again if the fight against inflation stalls.

The Guardian - AU

IMF backs RBA not cutting interest rates and says phasing out tax breaks for property investors would be ‘equitable’

‘The RBA’s decision to maintain its restrictive policy stance in the near-term is appropriate,’ fund says in latest assessment report

The Conversation

Sri Lanka’s new president faces uphill battle to revive debt-ridden economy

September 21 was a day of many firsts in Sri Lanka. Millions of people went to the polls to vote in the first presidential elections since mass protests forced the country’s last elected president, Gotabaya Rajapaksa, from office in 2022.

Top News

IMF Approves Billion Loan To Boost Pakistan's Economy

IMF approves billion loan for Pakistan to bolster its economy. Prime Minister expresses gratitude for the financial assistance.

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