IMF: Forecast during virus ‘has become less dire’

The International Monetary Fund and the World Bank hold the first of two days of semiannual meetings in Washington, this time virtually, at a time when the most vulnerable nations need economic relief in the face of the global pandemic. (Oct. 14)

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Tear gas fired at Costa Rica tax protest | AFP

Costa Rican riot police used tear gas on Monday to disperse demonstrators who attacked and threw stones at the officers. Protesters were marching against new taxes included in a proposed agreement that the Costa Rican government intends to take to the IMF in order to shore up the country’s finances.

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World GDP to rise 5.2% in 2021: IMF | AFP

The International Monetary Fund trimmed the global GDP forecast for 2021 to 5.2 percent, IMF chief economist Gita Gopinath says in the latest World Economic Outlook. SOUNDBITE

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IMF says 2020 recession to be less severe, global GDP -4.4% | AFP

The global economic crisis will not be quite as grim as feared this year, but GDP will still contract 4.4 percent, the IMF says in its latest World Economic Outlook. “This upgrade owes to somewhat less dire outcomes in the second quarter, as well as signs of a stronger recovery in the third quarter, offset partially by downgrades in some emerging and developing economies,” IMF chief economist Gita Gopinath says. SOUNDBITE

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IMF downgrades global economic outlook amid virus

The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago. (June 24)

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IMF: Global economy worst year since Depression

Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says. (April 14)

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Coronavirus: IMF sees world economy rebounding 5.8% in 2021 | AFP

Gita Gopinath, the International Monetary Fund’s chief economist, says that if the virus is contained and economies can begin operating again, 2021 should see a rebound of 5.8 percent. [COMPLETES VIDI1QL1IG_EN] SOUNDBITE

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Coronavirus to cut global economy by 3% in 2020: IMF | AFP

“We are projecting global growth in 2020 to fall to minus three percent,” the International Monetary Fund’s chief economist Gita Gopinath says, as the coronavirus pandemic pushes the global economy into a deep recession. SOUNDBITE

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IMF chief warns 170 countries to see drop in per capital income | AFP

IMF chief Kristalina Georgieva warns that “global growth will turn sharply negative in 2020,” with 170 of the International Monetary Fund’s 180 members experiencing a decline in per capita income, due to the global coronavirus pandemic. SOUNDBITE

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World faces ‘worst economic fallout since Great Depression’: IMF’s Georgieva | AFP

“We anticipate the worst economic fallout since the Great Depression,” IMF chief Kristalina Georgieva says in a speech previewing next week’s spring meetings of the IMF and World Bank, as she warns that “global growth will turn sharply negative in 2020,” due to the global coronavirus pandemic. SOUNDBITE

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IMF: Global economy enters recession amid virus

IMF, International Monetary Fund, Managing Director Kristalina Georgieva following a Thursday meeting with G20 Leaders declares a worldwide recession as a result of the coronavirus. (March 27)

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Coronavirus: Global growth to ‘dip below’ last year’s rate says IMF Chief | AFP

“Global growth in 2020 will dip below its last year’s levels,” says International Monetary Fund chief Kristalina Georgieva, “but how far it will fall and how long the impact will be, is still difficult to predict.” Georgieva was speaking after all 189 members of the IMF said they were united in addressing the challenges posed by COVID-19. SOUNDBITE

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IMF trims global GDP estimates 2020-21 but sees improving outlook | AFP

International Monetary Fund Managing Director Kristalina Georgieva says during a press conference in Davos that the IMF has lowered the global growth forecast for 2020 and 2021. SOUNDBITE

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French President Emmanuel Macron holds talks with IMF chief Kristalina Georgieva | AFP

French President Emmanuel Macron holds talks with newly appointed International Monetary Fund managing director Kristalina Georgieva at the Elysee Palace. IMAGES

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European Central Bank | AFP Animรฉ

Updated videographic on the European Central Bank. ECB chief Mario Draghi bows out Monday, passing the baton to former IMF head Christine Lagarde whose first task will be to heal rifts among policymakers.VIDEOGRAPHIC

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Workers clean Quito’s streets after govt and protesters reach deal | AFP

Workers clean the streets of Quito, Ecuador, after President Lenin Moreno and indigenous leaders reached an agreement to end nearly two weeks of violent protests against austerity measures adopted to obtain a multi-billion-dollar loan from the IMF. IMAGES

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Ecuadorians celebrate deal to end deadly unrest | AFP

Ecuadorians hit the streets to celebrate an agreement struck between President Lenin Moreno and indigenous leaders to end nearly two weeks of violent protests against austerity measures put in place to obtain a multi-billion-dollar loan from the IMF. IMAGES

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Ecuador president, protest leaders begin talks to end violence | AFP

Indigenous leaders and Ecuador’s President Lenin Moreno meet face-to-face for talks after nearly two weeks of violent street protests over austerity measures instituted to obtain a multibillion dollar loan from the IMF. IMAGES

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More violent protests in Ecuador over fuel price hike | AFP

Protesters in Ecuador throw projectiles at riot police in a second day of violent protests over a fuel price hike ordered by the government to secure an IMF loan. IMAGES

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Addressing climate crisis requires change in tax system: IMF’s Georgieva | AFP

Addressing the climate crisis will require a change in national tax systems says IMF chief Kristalina Georgieva. SOUNDBITE

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Trade wars could shrink global economy by $700 bn: IMF’s Georgieva | AFP

The managing director of the International Monetary Fund, Kristalina Georgieva warns that “the cumulative losses of trade conflicts could get us to about $700 billion by 2020” in a speech in Washington ahead of IMF-World Bank autumn meetings next week SOUNDBITE

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Global economy suffering ‘synchronized slowdown’: IMF’s Georgieva | AFP

“In 2019, we expect slower growth in nearly 90 percent of the world. … the world economy is now in synchronized slowdown,” says the newly-installed IMF chief Kristalina Georgieva in a speech ahead of IMF-World Bank annual meetings next week. SOUNDBITE

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