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15.04.2022 / 06:53

IMF's Gita Gopinath on why the world needs to prepare for Covid-19 downsides. See details

IMF updating global economic-growth forecasts, as it is set to publish the results in its World Economic Outlook scheduled for April 19. IMF in January said the global economy would expand 4.4% this year, down from an estimate of 4.9% in October.

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IMF downgrades economic growth forecasts for this year

The International Monetary Fund has downgraded its forecasts for global economic growth this year.

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Covid crisis in India warning for in other low- and middle-income countries: IMF

Covid-19 in India is a sign that the worst may be yet to come, the IMF has said that the situation in the country is a warning of the possible events in low- and middle-income nations that have seemingly escaped the pandemic till now.

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Gita Gopinath cautions against tightening of policy support amid pandemic

NEW DELHI : IMF's Chief Economist Gita Gopinath on Thursday said it would be damaging for India to start tightening policy support in the midst of the COVID-19 pandemic and also stressed on reducing wasteful expenditures in the upcoming Budget.Delivering NCAER's '9th C D Deshmukh Lecture' virtually, Gopinath said there is scope for the Indian government to provide more direct support to people."It would be damaging (for India) to start tightening of policy support in the midst of the pandemic," the chief economist of the Washington-based global financial institution said. Noting that India's debt-to-GDP ratio has gone up to 85 per cent, Gopinath said the country's banking sector is vulnerable due to rise in bad loans during the

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IMF projects sharp contraction of 4.5% in Indian economy in 2020, a historic low

WASHINGTON : The IMF on Wednesday projected a sharp contraction of 4.5% for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust 6% growth rate.The International Monetary Fund (IMF) projected the global growth at –4.9% in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast."We are projecting a sharp contraction in 2020 of -4.5 per cent.

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Global economy will bear scars of covid, warns IMF

global economy is recovering more slowly than expected from the coronavirus pandemic and will bear lingering scars from the experience, according to the International Monetary Fund.The IMF is set to release economic growth projections 24 June that “will be, very likely, worse than what we had" in April, even as there remains “profound uncertainty" around the forecasts, Gita Gopinath, the IMF’s chief economist, said in a video recorded 4 June and released Friday as part of the seventh annual Asian Monetary Policy Forum.“One has to be quite concerned about the path of recovery," said Gopinath, citing the depth of the crisis, the need for labour reallocation, the onset of bankruptcies and insolvency issues, and changes in consumer behaviour.

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IMF mulls strategy to give needy nations SDR access

NEW DELHI : After India, the US and other countries opposed an International Monetary Fund (IMF) proposal to issue fresh special drawing rights (SDR) currencies to help countries deal with the economic fallout of the coronavirus pandemic, the multilateral lender is thinking of redistributing existing unused SDRs of rich member-countries to low-income countries in desperate need.IMF chief economist Gita Gopinath said the SDR allocation issue is being discussed and that there is no consensus on it at this point. “Let’s be clear what the SDR can do.

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Downturn will slash $9 trillion from the world economy: IMF'S Gita Gopinath

The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three percent this year, and the crisis could get worse, the International Monetary Fund said Tuesday.

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IMF projects India to be fastest growing major economy

UNITED NATIONS : The International Monetary Fund (IMF) projects India to be the fastest growing major economy this year in a world plunged into a recession by the coronavirus pandemic, despite drastically slashing its growth rate to a paltry 1.9%.

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Coronavirus 'Great Lockdown' to shrink global economy by 3% in 2020: IMF

WASHINGTON : The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression of the 1930s, the International Monetary Fund said on Tuesday.

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IMF forecasts world economy to shrink by 3% this year due to virus

The International Monetary Fund has forecast that the world's economy will shrink by 3% this year as a result of the Covid19 pandemic. It forecasts the Eurozone will contract by 7.5%.

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More than stimulus, virus-affected countries need proactive fiscal policies: IMF's Gita Gopinath

New Delhi: Batting for pump priming of economies across the world, International Monetary Fund chief economist Gita Gopinath on Wednesday said while a substantial fiscal stimulus package will push up the fiscal deficit and debt-to-GDP ratio of economies, lack of proactive fiscal policy by governments could put them in worse place with collapse of economic activity.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0