The International Monetary Fund on Tuesday downgraded its 2022 global growth forecast to 4.4% in its World Economic Outlook report. The IMF said it expects global gross domestic product to grow 0.5% less than previously estimated. The revision is largely due to lower growth in the world’s two largest economies: the U.S. and China. Rising Covid-19 cases, supply chain disruptions and higher inflation have hampered the economic recovery. “The global economy enters 2022 in a weaker position than previously expected,” … Continue reading “IMF Cuts 2022 Global Growth With US, China and EU all Downgraded”
In response to the Coronavirus panic effect on world economies the IMF issued a statement Monday that it’s ready to mobilize a $1 trillion loan capacity to fight the virus. This is crucial where emerging markets unable to tap debt markets,
Argentina’s currency the Peso collapsed Monday 9% to an all time low against the US Dollar. Nervous investors continued to dump the Peso carry trade ahead of bond repayments and an IMF meeting in fear of another Argentine Currency Crisis.
The IMF issued its External Sector Report saying U.S. dollar was overvalued by 10 percent to 20 percent, the Euro was 10-20 percent too low for Germany’s fundamentals.
IMF Is out with its U.S. Article IV Press Briefing, its view on the U.S. economy and its prescriptions for improvement. Lower forecasts put the IMF in-line with the Fed.