by AIP Online Bureau | Jul 26, 2022 | Eco/Invest/Demography, International News
Pierre-Olivier Gourinchas,Chief Economist,IMF “The outlook has darkened significantly since April. The world may soon be teetering on the edge of a global recession, only two years after the last one,” IMF Chief Economist Pierre-Olivier Gourinchas told a...
by AIP Online Bureau | Apr 13, 2022 | Eco/Invest/Demography, International News, Pandemic, Policy
In a joint statement, the leaders of the four institutions warned that the war in Ukraine was adding to existing pressures from the COVID-19 crisis, climate change and increased fragility and conflict, threatening millions of people worldwide The World Bank,...
by AIP Online Bureau | Mar 27, 2022 | Eco/Invest/Demography, International News, Policy
Saying that the country was hit hard by the COVID-19 pandemic, the report highlighted that the country was highly vulnerable to external shocks owing to inadequate foreign currency reserves and high risks to public debt sustainability, exacerbated by the ‘Easter...
by AIP Online Bureau | Mar 14, 2022 | Eco/Invest/Demography, International News
Kristalina Georgieva, Managing Director,International Monetary Fund The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was “not systemically relevant,” Russia may default on its debts in the wake...
by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, International News, Risk Management
“Price shocks will have an impact worldwide, especially on poor households for whom food and fuel are a higher proportion of expenses,” the IMF said. “Should the conflict escalate, the economic damage would be all the more devastating. The sanctions on Russia will...
