Showing 1 - 6 of 6
Will India be a new economic superpower?
Oped, Published on 11/08/2023
» In March 1985, the Wall Street Journal showered India's new prime minister, Rajiv Gandhi, with its highest praise. In an editorial titled "Rajiv Reagan", the newspaper compared the 40-year-old Gandhi to "another famous tax cutter we know", and declared that deregulation and tax cuts had triggered a "minor revolution" in India.
IMF resists a return to still-struggling Greece
AFP, Published on 17/01/2016
» WASHINGTON - The Europeans want it and Athens is resigned to its presence, but the International Monetary Fund has still not decided whether it will participate in the third financial bailout for Greece, and continues to set out its conditions.
IMF’s apology subverts own status
News, Published on 17/06/2014
» ‘Do I have to go on my knees?’ the International Monetary Fund (IMF)’s managing director, Christine Lagarde, asked the BBC’s Andrew Marr. Ms Lagarde was apologising for the IMF’s poor forecasting of the United Kingdom’s recent economic performance, and, more seriously, for the fund’s longer-standing criticism of the fiscal austerity pursued by Prime Minister David Cameron’s government.
European bank's OMT faces test
News, Published on 14/02/2014
» The German Constitutional Court's recent decision to refer the complaint against the European Central Bank's so-called "outright monetary transactions" to the European Court of Justice (ECJ) leaves the scheme's fate uncertain. What is clear is that the economics behind OMT are flawed — and so are the politics.
Lost decade caused by miscalculation
News, Published on 16/12/2013
» As 2013 comes to an end, it looks like the world economy will remain stuck in low gear. For those reading the tea leaves of global recovery, the third-quarter GDP numbers offer no solace. While the United States is ahead of the pack, some of its gains could soon be lost, as accumulating inventories begin eroding profits. Despite glimmers of hope, the eurozone and Japan are struggling to cross the 1% threshold for annual economic growth. And the major emerging economies are all slowing, with Russia practically at a standstill.
Misreading of global economy hurts
News, Published on 03/06/2013
» In April 2010, the International Monetary Fund's World Economic Outlook (WEO) offered an optimistic assessment of the global economy, describing a multi-speed recovery strong enough to support roughly 4.5% annual GDP growth for the foreseeable future _ a higher pace than during the bubble years of 2000-2007. But, since then, the IMF has steadily pared its economic projections. Indeed, this year's expected GDP growth rate of 3.3% _ which was revised downward in the most recent WEO _ will probably not be met.