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International Monetary Fund

General Strike In Athens

Greek Public Sector Workers Protest Amid Economic Crisis

Greek public sector workers walked off the street in a series of protest against reforms under the international bailout.

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JAPAN-BRITAIN-FINANCE-BOE-CARNEY

BoE Warns Over Post Brexit Economic Crisis, Majority Economists Also Presume Same Consequences

Just after two days of IMF cautions, BoE has warned over blink economic outlook in post-Brexit era. Prior to that BoE governor has described Brexit as the biggest domestic financial stability risk. BoE and its governor have drawn criticisms from the pro-Brexit campaigners following clear stance against leaving EU.

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US-ECONOMY-IMF-WORLD-BANK

Capital outflows to push emerging markets into crisis, cautions IMF

International Monetary Fund (IMF) has warned that slower growth rates among emerging markets are causing cash outflows and could cause another bout of crisis. Narrowing differential in growth prospects between advanced and emerging economies may add to the crisis situation again.

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Christine Lagarde Speaks At The China Development Forum

IMF Chief Lagarde Vows To Speedy Conclusion In Greek Bailout Review

In response to a letter from the Greek Prime Minister Alexis Tsipras, Christine Lagarde, the IMF chief, has binned the Wikileaks’ transcript. Since IMF doesn’t act on leaks, she decided to allow the IMF team to resume the postponed bailout review. She has stressed the need for a speedy conclusion of the bailout review just for the sake of the Greek people.

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Key Speakers At Banque de France's Symposium

UK's GDP growth rate remains at 0.5%; IMF cautions about global growth

UK's GDP growth rate was remained unchanged at 0.5 percent for the fourth quarter of 2015. Services sector contributed the most to the GDP growth. Meanwhile, International Monetary Fund (IMF) has cautioned about weakening global growth.

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Gold Sets Third Record

Canada Almost Sold Half of its Gold Reserves

Over the recent weeks, Canada has been seen quietly disposing of its gold reserves, so much that the reserves now stand at 0.62 tons. The decision to sell the yellow metal is said to be issued straight from the Finance Minister, Bill Morneau's office.

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ETHIOPIA-DROUGHT-AID-UN

Public spending propels Africa's fastest growing economy Ethiopia

The east African nation Ethiopia is poised to grow at 8.1 percent in 2016 from 8.7 percent growth in 2015. This makes Ethiopia a fastest growing nation in the world. The government spending on infrastructure projects is mainly driving the economy growth.

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China Daily Life - Economy

Chinese economy at slowest in 25 years

China grew 6.9 percent in 2015 indicating the slowest growth rate in 25 years. The growth rate was 6.8 for the fourth quarter of 2015. The world's second largest country recorded 7.3 percent growth rate in 2014. Investors are cautious about the impact of slowdown in China's economy. IMF forecasts China's economy growth rate at 6.3 percent in 2016 and six percent in 2017. Chinese government has set a target of seven percent growth for 2016.

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Consumer Spending Squeezed As Economy Falters

Inflation in Argentina at historic high 21%; government targets 5% by 2019

Argentina is struggling from soaring inflation, which is hovering at 21 percent. The inflation rate is expected to reach 25 percent in 2016. The government is targeting to bring it down to five percent by 2019. The soaring prices are forcing consumers to pay everything in installments.

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U.S. Dollar and Yuan Notes

Wealthy Chinese men are getting rid of their yuan despite IMF's endorsement

Despite the International Monetary Fund recent inclusion of the yuan or Renminbi in their basket, rich Chinese men are selling their money for other currencies, because they know that China's economy continues to slow down.

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Commodities

US consumer prices drop, complicating Fed rate hike decision

A tame inflation complicates the Federal Reserve's decision whether to raise interest rates this week. Data show that despite many signs of economic improvement, the pace of growth of US consumer prices last month was well below the central bank's target.

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Christine Lagarde

Interest rate hike could harm global economy - IMF

The International Monetary Fund raises concern about the potential fallout of a US rate hike this year. The fund says raising interest rates at this time puts the already fragile global economy at risk. "Monetary policy must stay accommodative to prevent real interest rates from rising prematurely," the IMF said Wednesday in a letter to top central bankers and finance ministers meeting in Turkey this week.

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Capitol Hill

US economy is growing amidst looming global financial crisis

With current economic uncertainty, investors and citizens are asking whether the country will get affected by the looming global financial distress. Latest report by Business Insider shows that despites the turbulence, US economy has grown by 3.7 percent in the second quarter of 2015, and the unemployment rate fell to 5.3 percent this year compared to 6.2 percent last year.

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Brokerage house

Wild swings in China stocks this week

A rocky start for China stock in this new month as their stock market plunge yet again. Based on the report by CNN, Shanghai Composite index fell 4.2% at the opening bell while Shenzhen Composite index opened 5% lower at the same time.

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Yuan notes

China plans to boost lending to support slowing economy - report

China is reportedly planning to cut deposits that banks are required to hold in reserve to counter the effects of a weaker currency.

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