The ongoing discussion between International Monetary Fund (IMF) and Sri Lanka, to help mitigate the economic situation will conclude on May 24, local media reported on Saturday. Speaking at a virtual IMF briefing on Thursday, IMF Spokesman Gerry Rice said the technical discussions between Sri Lanka and the IMF on […]
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Global economy to grow by 5.5 pc in 2021: IMF
The International Monetary Fund (IMF) has said that the global economy is projected to grow by 5.5 percent in 2021 and 4.2 percent in 2022. Although recent vaccine approvals have raised hopes of a turnaround in the pandemic later this year, renewed waves and new variants of the virus pose concerns for the […]
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India’s growth slowdown is a drag on the world, says IMF chief economist Gita Gopinath
The International Monetary Fund (IMF) on Monday slashed India’s growth forecast by 1.3 percentage points to 4.8% for 2019-20, prompting the agency to also trim its global growth estimates as a result. IMF chief economist Gita Gopinath said growth in India slowed sharply “owing to stress in the non-bank financial […]