The Latest Breaking News from PierreOlivier Gourinchas

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

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.

Australia can expect lacklustre economic growth into early next year, with small businesses particularly vulnerable to sour economic conditions.

The IMF held global growth expectations for 2024 steady in a report Tuesday even as it cut forecasts for the United States and Japan, while warning of inflation risks and trade tensions ahead.

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…