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The Latest Breaking News from International Monetary Fund

IMF Raises India's Growth Forecast to 6.5% for Next Year

The IMF has raised India's growth forecast to 6.5% for the next financial year, reflecting a positive outlook for the country's economic recovery.

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IMF Warns of China Risk, Revises Up Asia's Growth Forecast

The International Monetary Fund (IMF) has revised up its growth forecast for Asia, but also warns of potential risks stemming from China's economic situation.

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IMF Lowers UK's 2025 Growth Outlook Amid Strong Past Performance

The International Monetary Fund (IMF) has lowered its growth forecast for the UK economy in 2025, citing stronger performance in the past as a reason for t...

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IMF Lowers Argentina's GDP Forecast, Impacts Regional Outlook

The International Monetary Fund (IMF) has lowered its GDP growth forecast for Argentina, impacting the overall economic outlook for Latin America.

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IMF affirms Japan's commitment to flexible exchange rate policy

The International Monetary Fund (IMF) recognizes Japan's dedication to maintaining a flexible exchange rate, a key component in the country's economic stra...

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IMF Expects U.S. and Latin America's GDP to Grow 2.5% This Year, Decelerate in 2024

In its new World Economic Outlook, the organization said that the global economy is approaching a soft landing, but risks remain

Latin Times

IMF Upgrades Global Economic Outlook, Expects Soft Landing

The International Monetary Fund forecasts resilient global economic growth led by the US and lower inflation rates, raising hopes for a soft landing.

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IMF Lifts Global Growth Forecast Citing Unexpected 'Resilience'

The IMF announced Tuesday it has raised its 2024 global growth forecast to 3.1 percent, citing unexpected resilience in major advanced and emerging market economies around the world, including the United States and China.

International Business Times

IMF cautions against UK cutting taxes in upcoming Budget

The country needs the money to invest in public services and get the national debt under control, the International Monetary Fund said

Evening Standard

IMF warns Jeremy Hunt against tax cuts in budget

Lower tax levels may not be possible without extra borrowing or post-election spending reductions, says Washington-based body

The Guardian - UK

IMF warns Hunt against tax cuts; eurozone avoids recession – as it happened

Rolling coverage of the latest economic and financial news, as the eurozone stagnates in the final quarter of 2023

The Guardian - UK

Africa In Debt Spiral As Restructuring Efforts Drag On

While the explosion of debt is throwing a shadow over global economic growth, experts warn that sub-Saharan Africa, where several countries are already in default, is experiencing its worst-ever crisis.

International Business Times

Go In To The Office Or AI Will Replace You, Says PwC's UK Boss

Kevin Ellis said as AI is poised to take on routine tasks traditionally given to younger workers, junior staff should seek promotions by regularly working in the office.

International Business Times UK

In Davos, AI Excitement Persists But Fears Over Managing Risks

Walking around in Davos where the global elites gathered for the World Economic Forum this week, there were two inescapable words on the windows: artificial intelligence.

International Business Times

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AAP

Economy strong but slowdown on horizon, IMF warns

In its latest assessment of the Australian economy, the International Monetary Fund says growth is set to slow, despite more resilience than other nations.

International Business Times UK

United Nations Chief Urges Swift Action to Safeguard Against Unchecked AI Growth

Speaking at the World Economic Forum (WEF) meeting in Davos, Guterres drew parallels between the risks associated with AI and those posed by the climate crisis.

Reason

Javier Milei Tells World Leaders: 'The State Is Not the Solution'

Speaking at the Davos conference, the Argentine president said the key to prosperity lies in free market ideals and capitalism.

International Business Times

IMF Grants Kenya New $941 Million Loan

The International Monetary Fund said it has granted Kenya a new loan of more than $941 million to help buttress the finances of the cash-strapped East African nation.

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International Business Times UK

The Development Of Artificial Intelligence Is Threatening 40% Of Jobs Worldwide

As world leaders discuss new AI regulation laws, an investigation found that the technology is set to affect almost half of the industries on a global scale.

Evening Standard

AI is a threat to 40% of jobs around the world, warns IMF - Tech & Science Daily podcast

Plus! Bolt’s 0-60mph in 3 secs...in e-car

The Hindu

Top news of the day: Wholesale inflation rises to 0.73% in December; human vaccine trials for deadly Nipah virus launched, and more

Top news updates from The Hindu on January 15, 2024

The Guardian - UK

AI will affect 40% of jobs and probably worsen inequality, says IMF head

‘Crucial’ that countries build social safety nets to mitigate impact on workers, says Kristalina Georgieva

The Hindu

AI will impact 40% of jobs globally, says IMF chief

Artificial intelligence presents both risks and opportunities for job security and global growth, according to the IMF chief.

Evening Standard

Artificial intelligence will affect 40% of jobs globally, warns IMF

The International Monetary Fund said nations need to be prepared to harness AI but also lessen its impact on inequality.

International Business Times

IMF Chief Says AI Holds Risks, 'Tremendous Opportunity' For Global Economy

AI will affect 60 percent of jobs in advanced economies, the International Monetary Fund's managing director, Kristalina Georgieva, said in an interview in Washington, shortly before departing for the annual World Economic Forum in Davos, Switzerland.

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