WASHINGTON, Oct 13 — Economic growth in poorer countries will likely lag pre-pandemic expectations for years, given gaps in vaccination rates, revenue growth and the ability to borrow, the International Monetary Fund said in its Fiscal Monitor report released today.
About 90 per cent of that increase came from advanced economies, plus China, with emerging and developing economies far less able to access financial markets for their spending needs, and also more vulnerable to possible interest rate rises, Vitor Gaspar, the IMF’s head of fiscal policy, told Reuters in an interview.
The pandemic has exacerbated the “already considerable” financing gaps facing low-income countries before the crisis, Gaspar said, adding that emerging and developing economies were also more vulnerable to changes in global interest rates.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IMF says economic policymakers need to juggle continued support, risks | Malay MailWASHINGTON, Oct 12 — Policymakers worldwide are entering a tricky phase of the pandemic recovery and should take care to provide continued economic support without promoting instability in financial markets, the International Monetary Fund warned today. Nearly 20 months into the global pandemic,...
Source: malaymail - 🏆 1. / 86 Read more »
IMF warns supply snarls slowing global recovery | Malay MailWASHINGTON, Oct 13 — Worldwide supply chain disruptions are driving price increases and draining momentum out of economies recovering from the Covid-19 pandemic, the IMF warned yesterday. The ongoing hit from the pandemic and the failure to distribute vaccines worldwide is worsening the economic...
Source: malaymail - 🏆 1. / 86 Read more »
Energy prices should retreat by early 2022, says IMF official | Malay MailWASHINGTON, Oct 13 — Rising energy prices are weighing on households but the recent spike is unlikely to fuel a 1970s-style oil crisis and should retreat early next year, IMF chief economist Gita Gopinath told AFP yesterday. Energy prices collapsed last year amid the shutdowns imposed to contain...
Source: malaymail - 🏆 1. / 86 Read more »
IMF cuts global growth outlook as supply bottlenecks hobble Covid pandemic recovery | Malay MailWASHINGTON, Oct 12 — Persistent supply chain disruptions and pricing pressures are constraining the global economy’s recovery from the Covid-19 pandemic, the International Monetary Fund said today as it cut growth outlooks for the United States and other major industrial powers. In its World...
Source: malaymail - 🏆 1. / 86 Read more »
IMF takes data integrity ‘incredibly seriously,’ chief economist says | Malay MailWASHINGTON, Oct 12 — The International Monetary Fund takes data integrity “incredibly seriously” and has a robust system to ensure the credibility of its data and forecasts, but is always looking for ways to improve, its chief economist, Gita Gopinath, said today. Gopinath referenced the IMF... Dajal deception currency vs real knowledge
Source: malaymail - 🏆 1. / 86 Read more »
China has ability to address Evergrande situation, still risks remain, says IMF | Malay MailNEW YORK, Oct 12 — China has the ability to address the issues linked to China Evergrande Group’s indebtedness, although there is a risk of the property developer’s pain escalating to cause broader financial stress, the IMF said in a report and comments released today. Evergrande, with more...
Source: malaymail - 🏆 1. / 86 Read more »