The International Monetary Fund Mission Chief of Australia has said the Australian economy remains a global “success story” despite the recent setbacks from widespread lockdowns. Based in Washington D.C., Harald Finger told The Australian that he expected a contraction in the September quarter. But he believed it would be quickly followed by a “quick bounce-back”…
Concerns Surround IMF Plan to Flood World With Liquidity
July 13, 2021
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News Analysis A controversial plan to boost global liquidity means the days of the U.S. dollar being the undisputed king of the international monetary system may be coming to a close, experts told The Epoch Times. Losing that status could contribute to a serious crisis for the United States involving a dramatic loss of economic…
The IMF’s Message to the World: We Are All China Now
Commentary The Chinese Communist Party’s (CCP’s) decision to ban bitcoin should have surprised absolutely no one. Imagine if turkeys ruled the world. Would anyone be surprised if they decided to ban Thanksgiving dinner? Of course not. As a decentralized, digital asset, Bitcoin posed a direct threat to Beijing’s own digital currency, the e-CNY. In reality, Bitcoin is much more than…
The International Monetary Fund Shows the Jobless Recovery
Commentary The International Monetary Fund (IMF) has published its April outlook for the global economy. It has been hailed by most commentators due to the strong upgrade in GDP recovery. The report states that “global growth is projected at 6 percent in 2021, moderating to 4.4 percent in 2022. … The upward revision reflects additional…
IMF Forecasts Australian Economy to Bounce Back
Australia is predicted to outperform all major advanced economies this year after forecasts from the International Monetary Fund (IMF) World Economic Outlook noted the Australia’s economy would grow by 4.5 percent in 2021 and 2.8 percent in 2022, after contracting by 2.4 percent in 2020. The world economy is forecast to grow by 6 percent in…
World’s Poorest Nations Face ‘COVID-19 Debt Trap’
April 7, 2021
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WASHINGTON—The world averted a systemic debt crisis amid the pandemic. However, the poorest developing countries continue to face significant debt problems, raising global worries over multiplying debt traps by creditors like China. Addressing the rising risk of a systemic debt crisis in developing countries is one of the key themes at this week’s virtual spring meeting of…
Days Before Coup, IMF Sent Burma $350 Million in Emergency Aid; No Precedent for Refund
WASHINGTON—The International Monetary Fund sent $350 million in cash to the Burma (also known as Myanmar) government two weeks ago, part of a no-strings-attached emergency aid package to help the country battle the coronavirus pandemic. Days later, military leaders seized power and detained elected leader Aung San Suu Kyi and other elected officials, in what…
‘Complacency’ Permeating Markets on Continued Monetary Support: IMF
WASHINGTON—A “sense of complacency” is permeating markets as investors, betting on continued accommodative monetary policy, are stretching asset prices, risking a sudden market correction, the International Monetary Fund (IMF) warned on Wednesday. The rollout of COVID-19 vaccines has boosted expectations of a global recovery and helped prompt a surge in asset prices, despite rising infections…
IMF: ‘Complacency’ Permeating Markets on Continued Monetary Support
WASHINGTON—A “sense of complacency” is permeating markets as investors, betting on continued accommodative monetary policy, are stretching asset prices, risking a sudden market correction, the International Monetary Fund (IMF) warned on Jan. 27. The rollout of COVID-19 vaccines has boosted expectations of a global recovery and helped prompt a surge in asset prices, despite rising…
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