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The Latest Breaking News from International Monetary Fund

Protesters outside IMF, World Bank meeting venues demand urgent climate action

Dozens of protesters demonstrated outside the annual meetings of the International Monetary Fund and the World Bank in Washington D.C. on Thursday, expressing opposition to funding of fossil fuels and demanding urgent action to tackle climate change.

Reuters

IMF meetings marked by push to end Ukraine war, Spain's finance minister says

International Monetary Fund members are calling more strongly for an end to the war in Ukraine, which is having a sharply negative impact on global economic growth, Spanish Finance Minister Nadia Calvino told Reuters on Thursday.

Reuters

Fetco chief condemns Fed policy of 'misguided' hikes

The global economy is on the verge of falling into recession next year as countries have taken the wrong currency management path in response to the US Federal Reserve's aggressive policy rate hikes, a Thai economist warns.

Bangkok Post

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IMF projects Thai growth of 2.8%

The Thai economy is projected to continue its post-pandemic recovery with expansion of 2.8% this year and 3.7% in 2023, according to the International Monetary Fund (IMF).

Bangkok Post

G20 struggles for harmony again, as US-Saudi spat emerges

Washington (AFP) - The G20 closed talks in Washington on Thursday without issuing a joint communique, as a growing US-Saudi feud created new tensions in a group already divided over Russia's invasion of Ukraine.

AFP

Kwasi Kwarteng says he's not resigning as Chancellor despite 'inevitable' U-turn reports

KWASI Kwarteng appeared not to rule out a U-turn on corporation tax amid growing pressure to abandon more elements of the mini-budget that have…

The National (Scotland)

Chancellor says 'let's see' on corporation tax U-turn despite growing pressure

Kwasi Kwarteng could not commit to, nor rule out, a u-turn on yet another policy from the recent mini-budget

Manchester Evening News

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Chancellor says ‘let’s see’ on corporation tax U-turn amid growing pressure

Kwasi Kwarteng has said he is ‘totally focused’ on delivering the tax-cutting plans in the mini-budget

The Independent UK

G20 meets amid Ukraine war, US-Saudi tensions

Washington (AFP) - The G20 held talks in Washington on Thursday, but Russia's presence in the club made any consensus unlikely despite the multiple crises facing the world.

AFP

‘Desperate’ Liz Truss set to U-turn on corporation tax this weekend

‘Don’t prolong the pain’: IMF suggests government should accept swift climbdown

The Independent UK

Kwasi Kwarteng- I am ‘absolutely 100 per cent not going anywhere’

The Chancellor has vowed he is “absolutely 100 per cent not going anywhere” as the Government came under pressure to U-turn over key parts of the mini-budget. Kwasi Kwarteng, who is in Washington to meet with the International Monetary Fund, said his “total focus is on delivering on the mini-budget”.…

Evening Standard

Pressure on Truss and Kwarteng to announce more U-turns as IMF hints at need for 'recalibration of policies'

IMF leaders also had a 'constructive' meeting with Kwarteng

Wales Online

Chancellor Kwasi Kwarteng refuses to rule out corporation tax U-turn amid mini-budget mayhem

Kwasi Kwarteng refused on Thursday to rule out another humiliating U-turn - this time on corporation tax - and stressed he was not about to quit as Chancellor.

Evening Standard

IMF chief urges aggressive fight against soaring inflation

The managing director of the International Monetary Fund urged global policymakers to stop inflation from becoming “a runaway train″ at a time of extraordinary economic turmoil

The Independent UK

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The Independent UK

Expectations of imminent Truss U-turn on corporation tax

Rebuke for Kwasi Kwarteng’s budget from IMF boss in New York

Daily Mirror

Jacob Rees-Mogg slapped down by No10 and top expert for attacking Tories' budget watchdog

A top economist said Jacob Rees-Mogg was half-right about the government's Budget watchdog being inaccurate... because the economy is actually WORSE than it predicted

AFP

G20 to meet under Ukraine war, inflation cloud

Washington (AFP) - A divided G20 holds talks on Thursday under the shadow of multiple crises, from Russia's war in Ukraine to a global economic slowdown, on top of soaring inflation and climate change.

The Street

Biden Tries To Signal Strength As Recession Talk Heats Up

The International Monetary Fund and other experts warn of an economic downturn.

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ABC News

Treasurer Jim Chalmers warns of US recession prior to meeting with G20 counterparts

Treasurer Jim Chalmers acknowledges the "deteriorating global economy and rising inflation" would put pressure on his upcoming budget, ruling out changes to legislated stage 3 tax cuts.

Tribune News Service

War-torn Ukraine needs at least $3 billion a month in 2023, IMF says

Ukraine will need at least $3 billion a month next year to finance its wartime economy, which means allies will have to step up with more support, the head of the International Monetary Fund said.

Reuters

Zelenskiy says increased donor support will help end Russian war sooner

Ukrainian President Volodymyr Zelenskiy said on Wednesday that increased financial support from international donors will help end Russia's devastating war in Ukraine more quickly, citing the need for $38 billion to close next year's estimated budget deficit.

Reuters

Ukraine's Zelenskiy appeals for $55 billion to cover budget gap and reconstruction

Ukrainian President Volodymyr Zelenskiy on Wednesday appealed to international donors to increase their financial support, saying more money was needed to rebuild schools and homes destroyed by months of Russian bombardment.

StockNews.com

5 Stocks Investors Can Count on in a Bear Market

The stock market is expected to remain under pressure as the Fed continues its hawkish stance to fight inflation. Moreover, the International Monetary Fund has recently warned of elevated global financial stability risk. We think fundamentally solid stocks UnitedHealth Group (UNH), Walmart (WMT), AbbVie (ABBV), Coca-Cola Company (KO), and Dollar…

The Guardian - AU

As IMF alarm bells ring, Australia is stuck between inflation and a looming global recession

Limp growth would normally require fiscal stimulus, yet concerns about inflation mean we’re unlikely to see a big-spending budget

AFP

IMF warns against 'costly' tax cuts to fight inflation

Washington (AFP) - Soaring food and energy prices are raising the risk of social unrest, but attempting to tame costs through tax cuts, subsidies and price controls would be too costly, the IMF said Wednesday.

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