IMF sharply lowers Germany growth forecast

The International Monetary Fund (IMF) announces at the World Economic Forum in Davos that it has drastically lowered its growth forecast for Germany in 2019, the European country is undergoing the strongest downward revision, with growth now expected to reach 1.3% (-0.6 points). SOUNDBITE

IMF cuts global growth forecasts amid rising risks

Gita Gopinath, IMF chief economist, says the World Economic Outlook cut the global GDP forecast for this year to 3.5 percent from the 3.7 percent projected in October. And for 2020 the estimate was trimmed to 3.6 percent. SOUNDBITE of Gita Gopinath at the World Economic Forum in Davos

Venezuela in crisis: Public salary ‘is not enough’ to live on

As Venezuelan President Nicolas Maduro gets ready to assume a second term, the country continues to struggle with a multitude of issues, including inflation, which the IMF predicts will reach a mind-boggling 10 million percent this year — making it hard to live on just one salary, says a state worker. IMAGES AND SOUNDBITES

Argentine Senate starts debate on 2019 budget, IMF loan

Argentine senators start debating an unpopular austerity budget passed by the lower house last month, which includes an increased loan package from the IMF worth $56 billion to help stabilize the crisis-battered country’s economy and currency. IMAGES

Hundreds protest in Argentina as Senate debates budget

Hundreds in Argentina protest as senators start debating an unpopular austerity budget passed by the lower house last month, which includes an increased loan package from the IMF worth $56 billion to help stabilize the crisis-battered country’s economy and currency. IMAGES

Lagarde ‘horrified’ by Khashoggi case, but Saudi trip unchanged

IMF chief Christine Lagarde said Saturday she was “horrified” by reports about the fate of Saudi dissident Jamal Khashoggi but she still plans to attend an economic meeting in Riyadh this month. FIRST IMAGES

IMF chief defends rate hikes after Trump slams ‘crazy’ Fed

IMF chief Christine Lagarde defends central bank rate hikes, calling them a “necessary development”, after markets plunged in response to US president Donald Trump blasting the Fed for going “crazy” with plans to raise borrowing costs again. SOUNDBITE

General strike paralyses Argentina

A general strike called to reject an austerity budget that Argentine President Mauricio Macri says is needed to secure IMF funds paralyses Buenos Aires. IMAGES

Thousands protest in Argentina ahead of general strike

Tens of thousands of people march in Buenos Aires ahead of a general strike called to reject an austerity budget that Argentine President Mauricio Macri says is needed to secure IMF funds.