Washington, July 9 (IANS) China must urgently overhaul its economic growth model by shifting away from exports towards stronger domestic consumption as it grapples with weak demand, slowing productivity and a rapidly ageing population, the International Monetary Fund (IMF) said on Thursday, warning that these structural challenges will weigh on the world’s second-largest economy in the years ahead. Speaking at the IMF’s regular press briefing, Julie Kozack, Director of the IMF’s Communications D…
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Washington, July 9 (IANS) India’s economy remains resilient despite the headwinds of higher global oil prices triggered by the Middle East conflict, the International Monetary Fund (IMF) said as it marginally lowered the country’s 2026 growth forecast to 6.4 per cent while projecting stronger expansion next year as the energy shock eases. The IMF, in its latest World Economic Outlook update released on Wednesday (local time), revised India’s growth forecast for 2026 down by 0.1 percentage point …
New Delhi, July 3 (IANS) US President Donald Trump’s recent disclosure about his earnings after taking over the country’s top post clearly reveals that Pakistan has earned his goodwill by backing his crypto enterprise, but is it durable or even beneficial for the country?The figures that are now out in the public domain show that the Trump family earned a whopping $1.4 billion through the crypto route, which far exceeds the income from its main real estate business. World Liberty Financial, …
New Delhi, July 1 (IANS) Pakistan’s slow growth is more than an economic challenge – it is the country’s foremost national security threat, and no amount of military strength, diplomacy, or managed stability can rescue a nation that is sliding deeper into poverty while its population keeps growing, according to an article in the Pakistani media. The security establishment’s greatest adversary is not India, Afghanistan, or terrorism, but Pakistan’s own slow economic decay. This is not about GDP; …
New Delhi, June 30 (IANS) Rahul Gandhi’s hollow assertion that India is heading towards an “economic tsunami” is far removed from ground realities. Far from facing collapse, the Indian economy has demonstrated remarkable resilience, even amid the ongoing Middle East crisis, supported by robust data from credible institutions. India posted robust 7.7% GDP growth in FY26, the fastest among major economies, according to Reserve Bank of India and Union Ministry of Statistics and Programme Impl…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said the ceasefire in the Middle East and progress towards reopening the Strait of Hormuz have eased immediate risks to the global economy, although it cautioned that the full impact of the recent conflict has yet to play out.Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said the war had once again tested the resilience of the global economy, but recent developm…
Washington, June 25 (IANS) The International Monetary Fund (IMF) on Thursday said Argentina has continued to make “important progress” in restoring macroeconomic stability, with growth strengthening, inflation declining, and financing conditions improving, while expressing confidence that the country will continue to meet its obligations to the Fund. Speaking at a regular IMF press briefing, Julie Kozack, Director of the IMF’s Communications Department, said Argentina’s economic reforms were beg…
Islamabad, June 23 (IANS) The collapse of the arms deal with Sudan marked a strategic setback for Islamabad’s efforts to convert Islamic solidarity, defence exports and regional partnerships into enduring influence in Africa. The development underscores that while Pakistan’s ambitions on the continent are growing, its realisation remains constrained by economic fragility, reliance on external financing and the evolving priorities of the key allies, a report has stated. According to a report in…
New Delhi, June 23 (IANS) China has manipulated its trade data to show that its current account surplus as a share of GDP is smaller that of Europe and managed to get this data accepted by the IMF, according to a report published by Council on Foreign Relations (CFR).“There is a particular chart that appears in most OECD and IMF publications on imbalances that paints a deceptive picture of the state of today’s world. It shows that Europe’s current account surplus was bigger, as a share of …
Kathmandu, June 20 (IANS) Nepal has remained on the Financial Action Task Force’s (FATF) list of jurisdictions under increased monitoring, commonly known as the “grey list”, although the Nepali government has been taking several measures to address concerns raised by the global anti-money laundering watchdog.Nepal was placed on the FATF grey list in February 2025 after the watchdog identified shortcomings in the country’s anti-money laundering and counter-terrorist financing framework.Since then…