IMF cuts UK growth forecast as business confidence dives
The International Monetary Fund has lowered its growth forecast for the UK to 1.7% in 2017, while IHS Markit recorded waning optimism in the UK private sector.
The International Monetary Fund has lowered its growth forecast for the UK to 1.7% in 2017, while IHS Markit recorded waning optimism in the UK private sector.
European markets have signalled their approval for an eleventh-hour EU and IMF deal to provide Greece with another giant loan.
The International Monetary Fund has upgraded its growth forecast for the United Kingdom to 1.5% in 2017 from the 1.1% it was previously forecasting, despite the imminent start of Brexit talks.
Economic activity across the six nations of the Gulf Cooperation Council (GCC) region is expected to slow sharply this year, according to the latest regional economic outlook from the International Monetary Fund (IMF).
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
Banks do derive benefits from negative interest rates, which are a net positive for the economy, said José Viñals director of monetary and capital markets at the IMF.
Asian equities have had a rough three or four years but with long-term, top-down influences unlikely to change it is time to look for equally long-term, bottom-up fund solutions.
Global growth has been “too slow for too long”, according to the International Monetary Fund’s latest World Economic Outlook (WEO).
Advanced economies have become the net receiver of market shocks while China and other emerging markets have turned into the sources, according to an IMF working paper.
The International Monetary Fund has issued bearish commentary on the prospects for economic growth around the world in the near term.
The increasing likelihood of yuan devaluation could derail the global economic recovery, warns Tilney Bestinvest’s Ben Seager-Scott.
The IMF expects inflation to first reach 2% in 2017, later than what the BoJ had been signalling.