insert_link Business / Economics IMF World Economic Outlook Update https://youtu.be/DB9yEOgE1Iw The IMF sees a runway to a ‘soft landing’ for global growth Pierre-Olivier Gourinchas, head of the Fund’s Research Department said at the launch of the World Economic Outlook (WEO) Tuesday (January 30) in Johannesburg, South Africa. “The global economy continues to display remarkable resilience with inflation declining steadily and growth holding up. The chance of a soft landing as increased. But the pace of expansion remains slow and […] today31 January, 2024
insert_link Opinion Pieces At Davos Forum, Secretary-General Warns of Global Norms Collapsing, Highlights Need to Rebuild Trust, Reform Governance UN Secretary-General António Guterres’ remarks to the World Economic Forum, in Davos, Switzerland: Thank you very much for your warm welcome. It’s good to be back — to be back and to see Davos highlighting the global crisis in trust. I believe this crisis is the direct result of a paradox facing our world. In the face of the serious, even existential threats posed by runaway climate chaos, and the […] today18 January, 2024
insert_link Science & Technology AI to hit 40% of jobs and worsen inequality Almost 40% of jobs around the world could be affected by the rise of artificial intelligence, a trend that is likely to deepen inequality, according to the International Monetary Fund. In a Sunday blog post, IMF chief Kristalina Georgieva called for governments to establish social safety nets and offer retraining programs to counter the impact of AI. CNN reports that Georgieva said the effects were expected to be felt more […] today15 January, 2024
insert_link Business / Economics IMF on G7 and the US debt ceiling https://youtu.be/WOlz3Uh8HCo The IMF warned of negative consequences to the global economy if US leadership is unable to resolve its political impasse over negotiations to extend the debt ceiling, spokesperson Julie Kozack told reporters Thursday in Washington, DC. “We encourage all of the interested parties to come together, reach consensus to urgently resolve the matter. And of course, the reason that we're calling for this is because we are concerned about […] today12 January, 2024
insert_link Africa IMF working with several African countries https://youtu.be/c7ZwwF1-f84 The IMF is working with authorities in several African countries to provide help stabilizing their economies and financial situations spokesperson Julie Kozack told reporters Thursday (March 23) in Washington, DC. Ghana is seeking funding from the Fund with The West African country, struggling with its worst economic crisis in a generation. Ghana secured a staff-level agreement with the IMF in December for a $3 billion loan, but approval is contingent […] today12 January, 2024
insert_link Business / Economics IMF forecasts a ‘soft landing’ https://youtu.be/jlI1BZ81K-w The IMF sees the global economy headed for a ‘soft landing’ scenario but warns that leaders should be preparing for future shocks and challenges, spokesperson Julie Kozack told reporters Thursday in Washington, DC. (Jan. 11) “So we've had a relatively resilient global economy so far. We expect that resilience to continue into 2024. At the same time, inflation is coming down. Labor markets continue to be, uh, resilient. Of […] today12 January, 2024
