The Latest Breaking News from PierreOlivier Gourinchas

The International Monetary Fund is upgrading its economic outlook this year for China, India and Europe while modestly lowering expectations for the United States and Japan

Warning comes as Bank of England policymakers say price growth in service sector could become embedded

In the UK, anxiety over the crisis after Iran’s missile strike on Israel drives down UK shares

Treasurer Jim Chalmers will use talks in Washington to take the temperature of the global economy as he puts the finishing touches on his third federal budget.

The recent oil price spike fueled by rising Middle East tensions has the potential to derail the IMF's "relatively good" outlook for the world economy, its chief economist told AFP. "We are projecting a global economy that is quite resilient for 2024," Pierre-Olivier Gourinchas said in an interview ahead of…

Growth per head will remain flat this year as the effects of high inflation take time to abate

Governments around the world have been on a borrowing spree, and prosperity has suffered.

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

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.

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

The International Monetary Fund warns that the world economy is losing momentum in the face of higher interest rates, the ongoing war in Ukraine and widening geopolitical rifts