WASHINGTON—Two principal economists painted very different pictures Thursday of what the global economy will look like in the coming years. Kristalina Georgieva, managing director of the International Monetary Fund, told an audience at Georgetown University on Thursday that the IMF is once again lowering its projections for global economic growth in 2023, projecting world economic…
IMF Warns of Higher Recession Risk and Darker Global Outlook
October 6, 2022
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Business & Marketseconomic policieseconomyGeorgievaglobalIMFinflationInternationalMarketsOutlookrecessionUSWorld
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Global Recession Can Be Avoided With Right Fiscal Policies: IMF’s Georgieva
October 4, 2022
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Business & Marketseconomic policieseconomyEuropeGeorgievaIMFinflationInternationalMarketsrecessionRussia-Ukraine WarWorld
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RIYADH—Global recession can be avoided if governments’ fiscal policies were consistent with monetary policy tightening, but likely there would be countries falling into recession next year, the International Monetary Fund’s managing director said on Monday. In the context of monetary policy tightening, fiscal policy cannot stay idle because the cost of living crisis is hitting…
IMF Chief Georgieva Says Data-Rigging Scandal Won’t Hamper IMF-World Bank Cooperation
WASHINGTON—International Monetary Fund chief Kristalina Georgieva on Wednesday distanced herself and the fund from a data-rigging scandal involving her former employer, the World Bank, but said she did not expect the saga to hamper decades of close collaboration between the two institutions. Georgieva, who was cleared of wrongdoing in the matter by the IMF’s executive…
Analysis: World Bank, IMF Face Long-Term Damage After Data Rigging Scandal
October 5, 2021
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Asia & PacificBusiness & EconomyChinaData Rigging ScandalGeorgievaIMFInternationalInternational RelationsWorldWorld Bank
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WASHINGTON—Regardless of whether International Monetary Fund (IMF) chief Kristalina Georgieva was to blame for changes to World Bank data in 2017 that benefited China, the scandal has dented the research reputations of both institutions, former staff, government officials and outside experts say. The damage from the data-rigging scandal that forced the World Bank to discontinue…
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