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The Latest Breaking News from International Monetary Fund

As Trump Touts Tariffs, Yellen Says US Has Rejected 'Isolationism'

US Treasury Secretary Janet Yellen appeared to take aim at former president Donald Trump's economic approach Tuesday, saying the current US administration has "rejected isolationism that made America and the world worse off."

International Business Times

Australia facing further economic troubles

Australia is facing ongoing economic challenges as Labor holds out hope interest rates will come down before the federal election.

AAP

IMF Predicts Slightly Slower Global Growth In 2024 And 2025

Global growth is expected to ease slightly to 3.2 percent this year and remain at that level in 2025, the IMF announced Tuesday, while warning that the stable figures masked "important" regional and sectoral shifts.

International Business Times

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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

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

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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

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

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

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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.

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.

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