The Latest Breaking News from International Monetary Fund

South West businesses blame 'hare-brained' mini-Budget as recession risk rises

The cost-of-living crisis is taking its toll on businesses with firms calling on the government to do more to help

Birmingham Post · Oct 12, 2022

IMF Confirms Saudi Economy’s Growth Forecast in Coming Years

The International Monetary Fund (IMF) confirmed its economic growth forecast for Saudi Arabia for the current year at 7.6 percent, the exact forecasts for July and April. Earlier, the Fund increased its expectations twice for the Saudi economy in 2022, making the Kingdom the only country among the G20 whose…

Asharq Al-Awsat · Oct 12, 2022

FM Nirmala Sitharaman: Singapore, UAE To Accept RuPay Payment Mechanism

"We are talking to different countries. Singapore and UAE have all come forward now to make Rupay acceptable in their countries," Sitharaman said at the Brookings Institute think-tank during a fireside conversation with eminent economist Eshwar Prasad. Read further on Dynamite News:

Dynamite News · Oct 12, 2022

Morning mail: 200,000 robodebt reviews wiped, G7 leaders warn Putin over nuclear threat, Bali bombings remembered

Wednesday: The federal government has scrapped robotdebt investigations that were on hold for three years. Plus: the rise of men’s netball

The Guardian - AU · Oct 11, 2022

IMF's Gopinath: Poorer nations do face big debt challenges

Emerging markets do not face a systemic sovereign debt crisis, though many poorer nations do face big challenges, Gita Gopinath, the International Monetary Fund's (IMF) first deputy managing director told a panel in Washington on Tuesday.

Reuters · Oct 11, 2022

No 10 reviews Kwarteng’s mini-Budget measures following market turmoil

Exclusive: Staffers told to undertake line-by-line scrutiny to see if changes are needed

The Independent UK · Oct 11, 2022

Brazil's Guedes says IMF overlooked inflation surge, praises Brazil for 'acting early'

Brazilian Economy Minister Paulo Guedes criticized the International Monetary Fund for failing to spot surging inflation, saying it led to "misguided" advice, in contrast to early action in Brazil that he said has put the country ahead of the curve in controlling rising prices.

Reuters · Oct 11, 2022

IMF cuts 2023 global outlook over colliding global shocks

The three largest economies will ‘continue to stall’ and ‘the worst is yet to come’, it warned.

Al Jazeera · Oct 11, 2022

Pressure mounts on Truss and Kwarteng over economic plans

Senior Tories warned the Chancellor of further turmoil if he does not get the support of MPs for his fiscal measures.

The Independent UK · Oct 11, 2022

Downing Street defends mini-budget AGAIN despite second IMF intervention

KWASI Kwarteng has once again defended his mini-budget after the International Monetary Fund criticised the UK Government’s tax-cutting plans.

The National (Scotland) · Oct 11, 2022