Search Results  for : "ECONOMIC CONDITIONS"

The outlook for global growth has grown “gloomy and more uncertain,” the IMF’s chief economist Pierre-Olivier Gourinchas warned in Washington, DC. IMF

The IMF announced on Tuesday that a 3.2 precent revised downward forecast to global growth in 2022 and 2.9 percent in 2023. IMF

The IMF said in a press briefing that a third of emerging markets and developing economies are in debt distress and decisive action is needed now. IMF

Secretary-General António Guterres said, “our world is in deep trouble – and so too are the Sustainable Development Goals.” UNIFEED

The war in Ukraine has upended the fragile economic recovery from the pandemic, triggering a devastating humanitarian crisis in Europe, increasing food and commodity prices and globally exacerbating inflationary pressures, according to the latest United Nations forecast. UNIFEED

The IMF sees a challenging economic outlook for Africa due to the war in Ukraine and lingering impact of pandemic, but there are reasons to be optimistic as well, Africa Department Director Abe Selassie told reporters in Washington on Thursday. IMF

The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects for the Middle East and Central Asia, announced the IMF on Wednesday. IMF

Ukrainian President Volodymyr Zelenskyy told a ministerial roundtable hosted by the World Bank Group and the Ukrainian Government “with your financial support we will quickly rebuild our nation.” WORLD BANK

The US Federal Reserve chairman Jerome Powell signaled a half-point rate hike is in the cards soon to combat inflation. IMF

The new Chair of the International Monetary and Financial Committee (IMFC) issued a statement recognizing that Russia’s war against Ukraine has massive humanitarian consequences and detrimental repercussions for the global economy. IMF