International Monetary Fund

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Venezuela Has World’s Largest Oil Reserves

What is wrong with Venezuela? Food riots. Wild inflation. But the country has the world's largest oil reserves, even greater than Saudi Arabia. According to the CIA Factbook, this is ...
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IMF Cuts Euro Area Growth to 1.4% for 2017

The Brexit will cost the euro area dearly next year, according to the International Monetary Fund (IMF). It has cut its forecast for 2017 GDP growth to 1.4% from 1.6%. ...
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Currency

IMF Says US Economy in ‘Good Shape,’ but Faces Challenges

With an unemployment level of 4.7% and 2.4 million new jobs created in 2015, the U.S. economy is "overall, in good shape" according a statement by the International Monetary Fund ...
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If UK Leaves EU, National Relationship Negotiations Could Last Years

The International Monetary Fund (IMF) recently released an examination of the U.K. economy that was upbeat. Tempering its comment was anxiety among IMF experts about the results of a split from the ...
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IMF Calls for More Greek Debt Restructuring

Greece is back in the news. The good news about Greece is that they are not back in the news on the verge of an impending default, nor is Greece ...
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IMF Sees Slowing 2016 and 2017 Global Growth, China Revised Slightly Better

The International Monetary Fund (IMF) has issued an update to its World Economic Outlook. Most of the report centers around even slower global growth in gross domestic product (GDP) for ...
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Greek fishing boats

Can an IMF Bailout Snub and Brexit Vote Finally Force Greece out of the Euro?

It was only a matter of time after all. Europe’s most indebted government is back at it, complaining about bailout conditions and fighting for its next tranche of bailout funds. ...
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Even Slower Global Growth Seen in 2016 IMF Outlook

Get ready for even slower global growth than you previously expected. That is the message from the International Monetary Fund (IMF) in its updated 2016 outlook released on Monday. To ...
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Shanghai

China Risks Trigger IMF Downgrade of Global GDP

The International Monetary Fund (IMF) has cut its forecasts for global gross domestic product improvement to 3.4% this year and 3.6% in 2017. The downgrade is largely due to a ...
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IMF Sees Silver Lining, Paths Ahead During China and Developing Economies Slower Growth

Is it possible that the slowdown of China's expansion is good for the rest of the world? That might not make sense if you just looked at the worst U.S. ...
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yuan

China’s Renminbi Now Officially a Reserve Currency

The International Monetary Fund (IMF) on Monday added China's currency, the renminbi, to the basket of official world reserve currencies. The renminbi, which is denominated in yuan, joins the U.S. ...
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Moody’s Expects Poor Global Growth Through 2017

Moody's expects slack growth in the world's economy for the next two years, which leaves it vulnerable to "shocks" such as those that could cause another financial crisis or recession. ...
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Countries With the Best (and Worst) Jobs

Not only do people the world over rely on their jobs for their livelihood, but economic growth is the result of people working in one occupation or another. Professional lives ...
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China Economy Staggers at 6.9%

For the first time since the Great Recession, China's economy rose less that 7%. In the first three quarters, the number was 6.9%. The figure beat most forecasts but was ...
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global economy

IMF Confirms Slower Global GDP Growth Targets in 2015 and 2016

When Christine Lagarde of the International Monetary Fund (IMF) spoke last week, it had all the hallmarks of a precursor to a downgrade of the IMF's global growth targets. Now ...
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