BEIJING (Reuters) – International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she should could to push reform at her organization and give emerging economies a bigger say without the support of the United States.
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OTTAWA (Reuters) – The International Monetary Fund (IMF) said Monday Canada’s central bank is likely to hold its main interest rate steady until early 2015, and the bank has limited room to cut rates because of overvalued housing prices and record household debt.
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TORONTO (Reuters) – Economic growth in Canada should accelerate next year as a pick-up in the U.S. recovery boosts exports, but low inflation means the Bank of Canada can wait to raise interest rates until early 2015, the International Monetary Fund said on Wednesday.
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The International Monetary Fund says Ottawa should consider phasing out insuring home mortgages through Canada Mortgage and Housing Corp.
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The International Monetary Fund said the U.S. economy remains at the front and center of the global economic conversation. Now in week two of a partial federal shutdown, the IMF warned, however, that an obstinate political climate was creating uncertainty about the strength of the recovery in the U.S. economy. Oil prices continued to trend lower amid ongoing concerns Washington wouldn’t be able to get its fiscal house order before defaulting on its debt obligations. Apart from the impact of rising U.S. oil production, the IMF warned lower oil prices could leave many oil producers in the Middle East and North Africa in economic trouble.
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The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced economies would fail to make up for a more sluggish expansion in the developing world.
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WASHINGTON (AP) — The International Monetary Fund forecast slower global growth for 2013 and 2014, citing expectations of a more protracted recession in Europe and a slowdown in key developing countries such as China and Brazil.
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AIX-EN-PROVENCE, France (Reuters) – The U.S. federal budget cuts are an inappropriate measure that will weigh on potential growth, IMF chief Christine Lagarde said on Sunday, urging Washington to present “credible” fiscal plans.
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WASHINGTON –The head of the International Monetary Fund said Thursday that the global financial crisis has eased substantially but countries must do more to promote growth and alleviate rampant unemployment.
“We believe we have avoided the worst, and the economic world no longer looks quite as dangerous as it is did,” IMF managing director Christine Lagarde said at the the spring meeting of the IMF and the World Bank here.
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The IMF has reduced its world growth forecast for 2013 to 3.3% from 3.5%, according to the agency’s latest release.
Practically no one was safe.
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