A lengthier recession awaits if we don't take drastic measures to save the economy in a Covid-19 world, writes Mbhazima Shilowa.
High level clouds. Warm.
Nearly half of all jobs in Africa could be lost, the United Nations warns, and income losses are expected to exceed $220 billion in developing countries.
The incoming ECB boss discussed the US president, the trade war, Brexit, and other economic risks and uncertainties during a "60 Minutes" interview.
Trade tensions could push the world economy to grow at its slowest pace since the financial crisis a decade ago, the IMF warned Tuesday.
"Whilst Trump has never been the biggest fan of the IMF, he may very well be now!"
The International Monetary Fund has approved a programme for economic reform in Zimbabwe.
Trade unions have warned against government running up debt which would see the country seeking help from the International Monetary Fund.
The peso, which has shed about half of its value this year, is the worst-performing currency of 2018,
The managing director of the IMF, Christine Lagarde has warned that clouds accumulating on the horizon of the global economy are “getting darker by the day.”
The IMF says not much growth is expected from South Africa in 2018 and 2019 as increased political uncertainty weighs on confidence and investment.
Although having the right policy is necessary in fixing economic problems, it is not the only factor that needs to be considered, says an IMF researcher.
Feedback from the IMF, Moody's and S&P should serve as a wake-up call, says Solly Moeng.
"We have trade tensions, we have other geopolitical forces, we have all these uncertainties around the world."
Namibia’s economy will return to growth in 2020 after contracting for three straight years, but a failure to implement structural reforms could keep the southwest African nation stuck in a low-growth trap, according to the International Monetary Fund.
She will have big shoes to fill, as Mario Draghi's "whatever it takes" policy remains a watershed for central banking and eurozone policy.
Oil fell amid mounting concerns that slowing growth in China, and the global economy in general, will undermine demand for crude.
The International Monetary Fund this week announced plans to expand Argentina's bailout package reached in June, which was already the largest in its history.
Argentina's central bank hiked rates by 15 percentage points – to 60% – on Thursday after the peso continued to slide.
The IMF reached a staff-level agreement Thursday to offer Argentina, which requested aid last month when its currency hit an all-time low, a $50 billion loan as part of a three-year standby program. The credit line seeks to rein in soaring twin defic
The poor economic outlook for commodity producing economies intensifies the need for diversification, according to an IMF researcher.
Policy uncertainty in Nigeria and South Africa is hindering a rebound in growth in the sub-Saharan Africa region.
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