Jakarta, April 18 (IANS) The International Monetary Fund (IMF) has called on the Philippines to adopt a more targeted fiscal response to its ongoing energy crisis, warning that limited budget buffers constrain the government’s ability to provide broad economic support, especially to the vulnerable sectors, local media reported on Saturday. According to local media reports on Saturday, Krishna Srinivasan, director of the IMF’s Asia and Pacific Department, said at a press conference recently that …
Latest World Economic Outlook News & Updates
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, Feb 19 (IANS) Backing the government’s budget strategy, the International Monetary Fund (IMF) on Thursday urged India to stay focused on a medium-term fiscal consolidation path, and called for continued efforts to rebuild fiscal buffers. “We’re encouraging them to continue to focus on a medium-term fiscal consolidation path,” IMF Communications Director Julie Kozack told reporters at a news conference here.This would “enable India to rebuild fiscal buffers and ensure that r…
New Delhi, Jan 16 (IANS) The robust resurgence of the Indian economy, as outlined by the International Monetary Fund (IMF), describing “India as the growth engine of the world”, gave the BJP a fresh political ammo to launch a diatribe at the Congress party as well as at its leader, Rahul Gandhi.BJP spokesperson CR Kesavan contrasted Rahul’s earlier claims of “India a dead economy” with his new assertion of “India as a bright spot”, and asked the Leader of Opposition (LoP) in Lok Sabha whether he…
Washington, Jan 16 (IANS) The International Monetary Fund (IMF) signaled that it is likely to upgrade India’s growth forecast after the country’s economy expanded more strongly than expected in the latest quarter, reaffirming India’s role as a key driver of global growth.Responding to a question on India’s growth outlook for 2025, IMF Communications Department Director Julie Kozack said India continues to anchor global expansion even as uncertainty clouds the broader international econom…
Washington, Jan 16 (IANS) India is the key growth engine for the world, the International Monetary Fund (IMF) said on Thursday, noting that the country’s third-quarter growth came out stronger than expected. “What we have seen in India is that India is a key growth engine for the world,” Julie Kozack, Director of IMF’s Communications Department, told reporters at a news conference here on Thursday.She was responding to a query on the IMF’s assessment of India’s growth story in 2025.Kozack said t…