Global debt rising at alarming rate

Typically, countries borrow in US dollars or euros, and hold forex reserves to meet import payments, and sustain currency value.

published on : 20th November 2022

Economic crisis in the offing? Bet on our villages seeing India through the worst of it

Much of India’s economic stability, despite the rupee depreciating to below 82 against a resurgent dollar, has been attributed to healthy rural economic growth.

published on : 11th November 2022

Appalling Ranil crackdown on political dissent

It is no surprise that Wickremesinghe has cleverly warmed his way to the top slot through political maneuvering to live his dream.

published on : 7th November 2022

COP27: End silence on rich nations wastage

Climate change is a global problem and mitigation is shackled by localised politics. The Conference of Parties aka COP has been largely reduced to a calendar event. 

published on : 6th November 2022

US Inflation soars, world economy feels the heat

The spike in US interest rates has caused a domino effect. Most emerging economies, including India,  have been witnessing withdrawal of foreign investment

published on : 1st November 2022

Rock to the riffs of Indie music

Music buffs in the state can now sway to the beats of indie music.

published on : 29th October 2022

Egypt, IMF reach preliminary agreement for $3 billion loan

Egypt's central bank announced a series of economic measures, including a hike in key interest rates by roughly 2 percentage points and a switch to a more "durably flexible exchange rate."

published on : 27th October 2022

IMF asks countries to preserve vital foreign reserves amidst appreciating dollar

Although emerging market central banks have stockpiled dollar reserves in recent years, reflecting lessons learned from earlier crises, these buffers are limited and should be used prudently.

published on : 15th October 2022

FM discusses current global situation and India's G-20 presidency with IMF's Deputy MD

Sitharaman is currently in the city to attend the annual meeting of the International Monetary Fund and the World Bank.

published on : 15th October 2022

Prudent home macro policy need of hour

In further disappointing news, the IMF confirmed that the medium-term global outlook appears more adverse than the previous ten years.

published on : 15th October 2022

Act now to bring down inflation, safeguard financial stability, IMF chief to policymakers 

Georgieva said the world economy has been hit by one shock after another- the coronavirus pandemic, Russia's invasion of Ukraine and climate disasters.

published on : 14th October 2022

India is a bright light economy as world faces imminent prospects of a recession: IMF chief economist

In its World Economic Outlook on Tuesday, the IMF projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.

published on : 13th October 2022

India's debt ratio projected to be 84 per cent of its GDP: IMF

"In terms of the debt ratio, India right now at the end of 2022, we're projecting it at about 84 per cent of GDP. That is higher than in many emerging economies," he said.

published on : 13th October 2022

IMF chief urges aggressive fight against soaring inflation

"When monetary policy puts a foot on the brakes,"she said, "fiscal policy should not step on the accelerator."

published on : 13th October 2022

Sri Lanka raises taxes to boost state revenue

Main opposition Samagi Jana Balawegaya's (SJB) economic spokesman Harsha de Silva criticised the tax hike.

published on : 12th October 2022

Germany, Italy to tumble into recession in 2023: IMF

Germany and Italy are the only advanced economies seen going into recession next year in the revised outlook of the International Monetary Fund.

published on : 12th October 2022

When everyone is slowing, India is doing better and in relatively bright spot: IMF 

The IMF on Tuesday in its World Economic Outlook projected a growth rate of 6.8 per cent in 2022 as compared to 8.7 per cent in 2021 for India.

published on : 12th October 2022

Indian economy doing fairly well; additional monetary tightening required, says IMF chief economist

Daniel Leigh, Division Chief of the IMF's Research Department said he expects inflation will be back towards the four per cent mark in 2023-2024.

published on : 11th October 2022

IMF cuts India's economic growth forecast to 6.8 per cent in 2022

This is the weakest growth profile since 2001, except for the global financial crisis and the acute phase of the COVID-19 pandemic.

published on : 11th October 2022

'The worst is yet to come': IMF cuts 2023 global growth, warns major economies to stall

"...For many people 2023 will feel like a recession," said International Monetary Fund economic counsellor Pierre-Olivier Gourinchas.

published on : 11th October 2022
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