Posts Tagged ‘Monetary’

IMF cuts economic growth forecast for South Korea

Citing escalating fiscal woes in the euro zone, the International Monetary Fund (IMF) lowered its growth forecast for the South Korean economy this year. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

Lagarde says IMF will cut global growth forecast

International Monetary Fund Managing Director Christine Lagarde said on Friday that there is a need for a coordinated response between economies as global economic conditions have become a big concern. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

IMF: U.S. should avoid “fiscal cliff” with too steep cuts

The International Monetary Fund warned the U.S. that it is risking a flat economic growth in 2013 if it continues to move towards a “fiscal cliff” characterized by Washington’s current tax and spending plans. An IMF report released Tuesday states that a U.S. annual growth rate of under 1 per cent will be detrimental to […]

Japan grants $60 million loan to IMF

Japan on Tuesday became the largest donor outside Europe when it announced a grant of $ 60 billion to the International Monetary Fund (IMF). The grant is aimed at strengthening a global firewall to deal Europe’s debt crisis. Article © AHN – All Rights Reserved Economy, Business And Finance Stories

IMF lowers growth prediction for Asia

Linda Young – AHN News Writer Singapore (AHN) – International Monetary Fund (IMF) officials have cut forecasts for growth in Asia because of concerns over problems in two of its key export zones. Both the United States and the eurozone are experiencing problems that could mean those zones import less from Asia. The IMF cited […]

‘No decision’ on Strauss-Kahn case – CNN

A source close to the investigation told CNN on Sunday that it is unclear whether the former International Monetary Fund chief will learn this week whether he will be cleared of any or all charges in the case. View full post on Business Stories

Israel’s Fischer in race for top IMF job

JERUSALEM – Bank of Israel Governor Stanley Fischer announced on Saturday he was in the race to become the next head of the International Monetary Fund. View full post on Business Stories

Ireland cuts growth forecasts by half

The country’s finance ministry said GDP growth would be 0.75% rather than 1.75%, a change largely expected after the International Monetary Fund cut growth forecasts View full post on UK Business Stories

China To Set Tight Monetary Policy

Linda Young – AHN News Writer Beijing, China (AHN) – China announced its intent to tighten its monetary policy in 2011 in a shift from relatively loose to a prudent stance, a sign that it might hike interest rates. In 2008, China responded to the global economic policy by loosening its then tight monetary policy. […]