IMF and ADB are hopeful of India but predict a synchronised slowdown by 70% of global economy

The performance of Indian economy in terms of standard economic parameters like GDP, consumption, investment, per capita income, inflation, current account deficit and fiscal deficit can be termed as reasonably good specifically while comparing with the result sheets of other economies, advanced or developing. There are, however, concerns on the sustainability of these indices in […]

Read more

Saudi Arabia needs $80-85 per barrel oil price to balance its 2019 Budget: IMF

OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund (IMF), told Reuters. Saudi Arabia’s officials, including Energy Minister Khalid al-Falih, don’t discuss publicly ‘targeted oil prices’ or a desired […]

Read more

IMF retains India’s FY20 growth forecast at 7.5%; CRISIL predicts a modest recovery at 7.3%

FullSizeRender-1.jpg

The International Monetary Fund (IMF) has retained its growth projection for Indian economy at 7.5 per cent for 2019-20 and said it is likely to accelerate to 7.7 per cent in 2020-21. This comes on a day when China announced that its GDP recorded its lowest growth rate in 28 years at 6.6 per cent […]

Read more

India’s growth seen rebounding in 2018/19, China’s to moderate – IMF

19769755908_c0ae434aa2_o1.jpg

The International Monetary Fund (IMF) forecast India’s economic growth to rebound to 7.4 percent in the current 2018/19 financial year from previous year’s 6.7 percent, as the economy recovers from disruptions related to the currency exchange initiative and the rollout of the new Goods and Services Tax. However, it expects China’s economic growth to moderate […]

Read more

Global economic activity continues to firm up – IMF

Global growth for 2017 is now estimated at 3.7 percent, 0.1 percentage point higher than projected in the fall, the International Monetary Fund (IMF) said in a latest report on the world economy. Shekhar GhoshShekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and […]

Read more

IMF forecasts global growth to rise further in 2018 and 2019; India seen leading the way

IMG_1412.jpg

Global growth for 2017 is now estimated at 3.7 percent, 0.1 percentage point higher than projected in the fall, the International Monetary Fund (IMF) said in a latest report on the world economy. “Upside growth surprises were particularly pronounced in Europe and Asia but broad based, with outturns for both the advanced and the emerging market […]

Read more

Global economy to expand at fastest pace since 2010; IMF says opportunity to secure recovery

The global economy is expected to turn in the best growth in six years, IMF Managing Director Christine Lagarde told the G-20 economists and finance professionals, adding that this offered everybody a major opportunity to secure and expand its recovery. IMF forecasters expect the global economy to expand 3.6 percent this year, the fastest pace […]

Read more

World finance chiefs defend globalisation, despite increasing populism against it

Global finance officials defended their efforts to promote free trade and closer international links against a rising ride of populism around the world and criticism from a Trump administration intent on pursuing its “America First” agenda. Finance ministers from the world’s major economies wrapped up two days of talks with German Finance Minister Wolfang Schaeuble […]

Read more