While Asia is rebounding from last year’s slump caused by the COVID-19 pandemic, there is a divergence between nations benefitting from surging global demand and those reliant on tourism, said Jonathan Ostry, deputy director of the IMF’s Asia and Pacific Department. Source linkContinue Reading
India is on the right track and is innovating on the policy side, but the country needs to capture all the segments of the financial market to fuel growth in the country, according to IMF official Source linkContinue Reading
The International Monetary Fund revised its growth forecast for 2021 up to 4%. Source linkContinue Reading
The International Monetary Fund Deputy Chief Economist, Petya Koeva Brooks, in an interview to PTI on Friday also made a strong case for an additional economic stimulus to address the impact of the pandemic on the country’s economy. Source linkContinue Reading
India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight% Source linkContinue Reading
There is evidence of normalisation of economic activities in India, chief economist of the International Monetary Fund has said Source linkContinue Reading
The Fund’s projection suggests India would again become the world’s fastest-growing large economy Source linkContinue Reading
IMF First Deputy Managing Director Geoffrey Okamoto said that in early April the Fund would update its January forecast for global growth of 5.5% to reflect additional fiscal stimulus spending in US Source linkContinue Reading
Key indicators of market power are on the rise, including price markups over marginal costs, and the concentration of revenues among the four biggest players in a sector, the IMF study said Source linkContinue Reading
The IMF will update its forecasts on the US and global economy early next month at the start of its spring meeting. Source linkContinue Reading