IMF Report On Global Economy

The global flows of goods and capital had leveled off after the global financial crisis of 2008-2009, and a surge in trade restrictions seen in subsequent years

In last month's WEO, IMF cut its forecast for global growth next year to 2.7%, from 2.9% seen in July and 3.8% in Jan, adding that it sees a 25% probability that growth will slow to less than 2%

The cost of borrowing is going up for emerging markets and budget constraints are increasingly making their effects felt

IMF warns that risk is particularly prominent in 2023, and even small shocks could cause economies to stall

Omicron variant is likely to reinforce a downgrade of IMF's outlook on the global economy, Managing Director Kristalina Georgieva said

The IMF's annual External Sector Report showed that the combined current account deficits and surpluses widened to 3.2% of global economic output in 2020 from 2.8% in 2019

IMF Managing Director Christine Georgieva has said that after the worst global recession since the Second World War, the recovery is underway

The IMF projection, 1.3 percentage point lower than its earlier estimates, is less than the five per cent projected by the official advance estimates

She said the World Economic Outlook to be released next week will show downward revisions for 2019 and 2020

Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as MD of IMF

'There is a lot of scope for enhancing revenue administration'

The committee also warned against excessive volatility in exchange rates, saying it may adversely impact economic stability