Washington, April 16 (IANS) The global economy is set to slow in 2026 as war-driven disruptions in energy supplies and trade routes push up prices and dent growth, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said, warning of tougher conditions if the conflict persists. “Even if the conflict is short-lived, extensive infrastructure damage and supply-chain disruptions are pushing prices up and slowing global growth down from 3.4 per cent last year to 3.1 per cent in …
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Washington, April 16 (IANS) India’s economy is expected to remain resilient even as global growth slows amid war-driven disruptions, with strong fundamentals helping it outperform most economies, the International Monetary Fund’s Managing Director Kristalina Georgieva has said. “Look at India today. India’s growth is more than two times higher than the average global growth,” Georgieva said at a press briefing during the IMF Spring Meetings on Wednesday (local time).She attributed Indi…
Washington, April 15 (IANS) War in the Middle East is threatening to slow global growth and push up prices, IMF officials warned, as supply disruptions spread across energy markets and trade flows.The International Monetary Fund said the conflict has created “exceptional uncertainty” in the global outlook, forcing a reassessment of forecasts. Deputy Managing Director Bo Li said all scenarios now point to “higher price and lower growth and slower growth.”The impact is already visible acro…
Washington, April 15 (IANS) The global economy is facing a sharp slowdown and rising inflation risks as the war in the Middle East disrupts energy supplies, the International Monetary Fund (IMF) warned on Tuesday, signalling heightened uncertainty for policymakers and markets.Presenting the latest World Economic Outlook, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has “halted” earlier growth momentum and raised the risk of a major energy shock, with oil and gas prices sur…
Washington, April 14 (IANS) As global investors reassess risk in a shifting economic order, Mehul Pandya believes India has a chance to challenge long-standing norms in sovereign credit ratings — and to question why some economies are judged differently than others. Pandya, Managing Director (MD) and Group CEO of Care Ratings Limited, is in Washington for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank, where he is meeting policymakers, investors and multilateral…
Washington, April 14 (IANS) Governments should avoid large-scale energy subsidies and instead adopt targeted, temporary support measures as the global economy grapples with a fresh supply shock from the Middle East conflict, the International Monetary Fund (IMF) cautioned on Tuesday. Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said fiscal responses must remain measured amid rising inflation …
Washington, April 14 (IANS) The global economy has taken a hit from the ongoing conflict in the Middle East, with growth projections lowered despite strong underlying momentum driven by technology investment and private sector resilience, the International Monetary Fund (IMF) said Tuesday.Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said the conflict has reversed earlier expectations of a mod…
New Delhi, April 14 (IANS) The International Energy Agency (IEA) warned on Tuesday that demand for crude oil will likely see the biggest slump in the second quarter (Q2 2026) since the Covid pandemic slashed fuel consumption.Oil demand is expected to contract by 80,000 barrels per day (kb/d) this year, “as the Iran war upends our global outlook”.”This is 730 kb/d less than in last month’s Report and a forecast 1.5 mb/d 2Q26 decline would be the sharpest since Covid-19 slashed fuel consumption….
Seoul, April 14 (IANS) South Korean foreign minister Cho Hyun said on Tuesday that the foreign ministry has dispatched envoys to Algeria and Libya and is seeking to send additional envoys to secure alternative supply routes amid the Middle East crisis.Cho made the remarks during a Cabinet meeting after President Lee Jae Myung called on the government to explore supply chain alternatives as the United States’ war against Iran has choked off the crucial Strait of Hormuz and disrupted maritime traf…
Washington, April 13 (IANS) Republican Indian American politician Nikki Haley said the US was right to walk away from Iran talks, backing President Donald Trump’s blockade plan and warning Tehran was using the Strait of Hormuz to “hold the global economy hostage.”Negotiations between Washington and Tehran had failed to make progress, with both sides entering discussions far apart. “The US had a 15 point plan. Iran had a 10 point plan. They really were miles apart,” she told CNN in an i…