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IMF projects slower growth rate for India, cuts FY20 forecast to 7%

Releasing the report in Chile's capital Santiago, IMF's Indian-origin Chief Economist Gita Gopinath said the IMF is revising downward its projection for global growth to 3.2 per cent in 2019 and 3.5 per cent in 2020, PTI reported.

Pakistani traders strike over IMF austerity measures

Not all business associations joined the strike, but the move underlines the pressure facing Prime Minister Imran Khan's government, which came to power last year promising millions of new jobs and welfare measures to help the poor.


US hopes meeting is prelude to its Mideast peace plan roll out

Global financial institutions will attend a US-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund (IMF) said on Wednesday.

Looking forward to working with new govt of PM Modi: IMF

Prime Minister Modi on Thursday led his Bharatiya Janata Party to a landmark victory for a second five-year term in office, winning 303 seats in the 543-member Lok Sabha.

IMF's Christine Lagarde expects US and China to reach trade deal

Washington and Beijing have been engaged for the past year in a trade war marked by tariffs on billions of dollars in goods and threats of escalation. The talks are now at a critical point.

Forecast: Cloudy

It’s a delicate year for global economy and for India. And policy response cannot be in form of fiscal easing or another stimulus.


IMF trims India’s FY20 growth forecast to 7.3%

IMF’s forecast for India lower than that of World Bank (7.5%) and ADB (7.2%).

India one of world's fastest-growing large economies: IMF

Responding to a question on India's economic development in the last five years at a fortnightly news conference, IMF communications director Gerry Rice said, "India has of course been one of the world's fastest-growing large economies of late."

Nothing's taboo for new IMF Chief Economist, first woman in job

Gita Gopinath will be expected to recommend practical fixes – at a turbulent moment when the free-market principles promoted by the IMF for decades are under attack.

Indian economy poised to pick up in 2019, says IMF

"India's economy is poised to pick up in 2019, benefiting from lower oil prices and a slower pace of monetary tightening than previously expected, as inflation pressures ease," the IMF said.

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International Monetary Fund Chief Christine Lagarde Convicted

French judges on Monday found IMF chief Christine Lagarde guilty of negligence for failing to challenge a 400 million euro ($417 million) state arbitration payout to a business tycoon in 2008 when she was French finance minister.