South Korea's per capita gross domestic product (GDP) is projected to fall by three notches this year, according to a report released by the International Monetary Fund (IMF).
The dark clouds of uncertainty are still holding over the global economy, but the relief is that it has done better than feared, highlighted Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF).
The International Monetary Fund (IMF) has urged governments across the world to intensify efforts to strengthen private-sector growth, restore fiscal and monetary resilience, and address widening global imbalances amid an era of high economic uncertainty.
Prime Minister Shehbaz Sharif said Pakistan is ready for talks if Afghanistan meets its "justified" conditions after recent border clashes. He praised Qatar's mediation, lauded the army's response, welcomed the Gaza ceasefire, and urged ending Pakistan's reliance on IMF loans through continu
Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India's Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C.
US Treasury Secretary Scott Bessent said he was "optimistic" about trade talks with China and confirmed that "President Trump is a 'go' on that" meeting with Xi Jinping at the APEC summit, despite rising tensions over Beijing's rare earth export restrictions.
Union Minister of Commerce & Industry, Piyush Goyal highlighted on Wednesday the International Monetary Fund's (IMF) recent revision of India's growth estimate, which increased from 6.4% to 6.6% for this year, stating that this upward revision is an indication to India's strengthened
The International Monetary Fund (IMF) on Tuesday revised India's growth forecast for the fiscal year 2025-26 (FY26) upward to 6.6%, a 0.2 percentage point increase from its previous estimate of 6.4%.
"Global growth is forecast at roughly 3 per cent over the medium term - down from 3.7 percent pre-pandemic. Global growth patterns have been changing over the years, notably with China decelerating steadily while India develops into a key growth engine," noted the IMF Chief.
IMF chief Kristalina Georgieva warned that global economic resilience may not last despite growth holding steady at 3 percent amid Trump's tariffs. She cited rising uncertainty, record gold prices, and growing youth discontent, urging fiscal discipline and policy reforms as global challenges
Pakistan's apparent economic recovery, often highlighted by government officials and market analysts, conceals a far grimmer reality for millions of its citizens. While the state asserts growth under the IMF program and the stock market touches record highs, the World Bank's latest assessme