Jim Rickards, Senior Managing Director at Tangent Capital, explains how the new bank differs from the World Bank and the International Monetary Fund.» Read More
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow 1.7 percent in 2014, even more slowly than it predicted a month ago, as weakness in the first quarter offsets an expected pick-up in the second half of the year.
WASHINGTON— U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter. That's below last year's 1.9 percent pace and would be the slowest annual rate since the recession ended in June 2009.
WASHINGTON, July 23- The International Monetary Fund on Wednesday said it expects the U.S. economy to grow even more slowly this year than it predicted a month ago due to weakness in the first quarter. The IMF said the world's largest economy should grow 1.7 percent in 2014, below its June prediction of 2 percent growth.
IMF SAYS ECONOMIC ACTIVITY TO ACCELERATE FOR REST OF THE YEAR, KEEPS 2015 FORECAST AT 3 PCT.
IMF SAYS FED CAN KEEP POLICY RATES AT ZERO FOR LONGER THAN MID-2015 IF INFLATION STAYS SUBDUED, SEES GRADUAL RATE NORMALIZATION.
OUTPUT GAP IS CLOSE TO 4 PCT AT END-2013, COULD TAKE UNTIL 2018 TO CLOSE.
IMF CUTS U.S. 2014 GROWTH FORECAST TO 1.7 PCT FROM JUNE FORECAST OF 2 PCT DUE TO FIRST-QUARTER GROWTH REVISION.
IMF SAYS RISKS TO OUTLOOK INCLUDE SLOWER GROWTH IN EMERGING MARKETS, OIL PRICE SPIKES TIED TO UKRAINE OR IRAQ, EARLIER THAN EXPECTED U.S.
SANTIAGO, July 22- The International Monetary Fund on Tuesday projected Chile's economic growth will pick up pace in 2015 and broadly welcomed President Michelle Bachelet's ambitious tax and education reforms. Chile's economy grew by 4.1 percent last year.
*Economists say Germany's fundamentals still solid. BERLIN/ FRANKFURT, July 21- The German economy probably stagnated in the second quarter in the face of political tensions abroad, the Bundesbank said on Monday, but chances are its recovery will not be held up for long by conflicts on the rim of Europe.
KIEV, July 18- The International Monetary Fund expects to decide within weeks on issuing the second tranche of a $17- billion bailout to Ukraine, whose economy is likely to contract by 6.5 percent this year, its Kiev mission chief said on Friday.
BRASILIA, July 16- The International Monetary Fund on Wednesday congratulated the five BRICS countries for creating a new reserves fund that intends to challenge Western dominance in the global lender.
PUTIN SAYS IMF CASH FOR UKRAINE HAS ENDED UP IN PRIVATE BANKS OF UKRAINIAN BILLIONAIRES.
WASHINGTON— Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.
WASHINGTON— The Federal Reserve's new No. 2 official says regulators must continue to work to end the need for the government to bail out big banks in a crisis. Fischer, a former official of the International Monetary Fund and a head of the Bank of Israel, said regulators "need to be vigilant" in trying to prevent the next crisis— "and there will one."
AIX-EN-PROVENCE, France- Christine LaGarde, chief of the International Monetary Fund, indicates that the IMF may trim the Fund's growth forecasts, although she says that global economic activity should get stronger in the year's second half and accelerate in 2015..
AIX-EN-PROVENCE, France, July 6- Global economic activity should strengthen in the second half of this year and accelerate in 2015 although momentum could be weaker than expected, IMF chief Christine Lagarde said on Sunday, adding that the Fund did not expect a sharp slowdown in China.
AIX-EN-PROVENCE, France, July 6- Global economic activity should accelerate in 2015 after being gloomy at the start of 2014, IMF chief Christine Lagarde said on Sunday, adding that the Fund saw no brutal slowdown in China.
Federal Reserve Chair Janet Yellen discusses if macroprudential policies are the best way to maintain financial stability. Yellen says monetary policy is not completely off the table as a measure to be used when excesses are developing.
Jim Tankersley, economic policy correspondent at The Washington Post, says the Fed chairman, Janet Yellen, is unlikely to give any indication that the central bank is deviating from its path.