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DAVID LAWDER
World Bank sees resilient global growth in 2026 despite tariffs, but fading dynamismThe World Bank forecasts a slight improvement in global GDP growth for 2026, driven by stronger-than-expected performance in advanced econo...- Developing countries' record $1.4 trillion debt service bill squeezes budgetsDeveloping countries spent $1.4 trillion servicing foreign debts in 2023, with interest costs reaching a 20-year high. The squeeze strained...
- Steven Mnuchin won't rejoin Trump administration, but has advice on sanctions, debtFormer Treasury Secretary Steven Mnuchin has announced he will not be returning to the Trump administration but is open to advising his suc...
- China's stimulus measures not enough, Yellen and IMF chief economist sayChina's stimulus measures are not expected to significantly boost domestic demand, according to U.S. Treasury Secretary Janet Yellen and IM...
- IMF's Gopinath says high U.S. demand fueling growth, higher interest ratesGita Gopinath urges the U.S. to boost revenues to tackle deficits, fueling global growth but risking debt escalation, higher interest rates...
- IMF sees some signs of China stabilization; reforms can boost medium-term growthChief spokesperson Julie Kozack told a regular news briefing that the IMF continues to believe that China can achieve around 5% growth this...
- IMF says global debt fell as share of GDP in 2022, may resume rising trendThe International Monetary Fund (IMF) has reported that global debt as a percentage of economic output declined for the second consecutive ...
- Yellen says Fitch downgrade 'entirely unwarranted' amid US economic strengthU.S. Treasury Secretary Janet Yellen on Wednesday voiced more objections to Fitch Ratings' downgrade of the main U.S. credit rating, callin...
- IMF: India's rice restrictions could fuel food price inflationIndia's move to restrict exports of certain types of rice could help exacerbate food price inflation and should be reversed, International ...
- IMF says dollar's rise hit emerging markets harder than advanced economiesThe International Monetary Fund's annual External Sector Report shows the impact of last year's US dollar rise on emerging markets and smal...
- US Trade Rep Tai exchanges objections with China's commerce minister in Detroit meetingWang's meetings with Tai in Detroit and with U.S. Commerce Secretary Gina Raimondo in Washington on Thursday marked the first cabinet-level...
- Asian Development Bank boosts climate financing goal to $100 billion through 2030Asian Development Bank President Masatsugu Asakawa said that the fight against climate change will be won or lost in Asia & the Pacific and...
- White House urges more countries to sign 15% global corporate tax pledgeThe deal will help create momentum for President Joe Biden's push to increase corporate tax rates at home, while helping to raise revenue n...
- Steven Mnuchin cuts funding to Fed's pandemic lending programmesUS Treasury secretary Steven Mnuchin on Friday defended his decision to end several of the Federal Reserve’s key pandemic lending programme...
- US, China 'on the cusp' of possible end to trade war: Mike PompeoIn Beijing, Zhang Yesui, spokesman for China's parliament, said that China and countries around the world welcomed "substantive progress" i...
- Trade wars cost U.S., China billions of dollars each in 2018The U.S. and Chinese economies each lose about $2.9 billion annually due to Beijing's tariffs on soybeans, corn, wheat and sorghum alone, s...
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