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With tensions escalating in West Asia, the International Monetary Fund on Tuesday said it is closely tracking the situation but cautioned that it is “too early to assess the economic impact on the region and the global economy,” as disruptions to trade and energy markets intensify.In a statement, the IMF said it has “observed disruptions…
New Delhi: The impact of AI on the labour market will be like a “tsunami” and can create havoc in financial markets, International Monetary Fund chief Kristalina Georgieva said on Friday, while estimating that it can lift global growth by 0.8%.The IMF managing director estimated that nearly 40% of jobs in emerging markets and 60%…
IMF MD Kristalina Georgieva IMF managing director Kristalina Georgieva said that artificial intelligence can fulfil India’s ambition of Viksit Bharat while boosting global growth by 0.8%.Speaking at the AI Impact Summit, Georgieva cited research by the International Monetary Fund and said that AI could accelerate growth significantly across the world. ‘Crucial Role For India In…
India is set to lead global economic growth by 2026, surpassing the US, according to IMF data. Elon Musk highlighted this seismic shift, noting India and China will drive over 43% of worldwide expansion. This surge, fueled by domestic strength and manufacturing, signals a changing global economic landscape beyond traditional Western markets. Elon Musk dropped…
Kristalina Georgieva, Managing Director of the International Monetary Fund, attends the Annual Meeting of the World Economic Forum in Davos, Switzerland, Friday, Jan. 23, 2026. (AP Photo/Markus Schreiber) Kristalina Georgieva the managing director of International Monetary Fund has issued a warning that artificial intelligence could transform or eliminate up to 60% of jobs in advanced…
NEW DELHI: The IMF on Monday raised India’s GDP growth estimates for 2025-26 to 7.3% from the earlier projection of 6.6% due to strong third and fourth quarter expansion. The latest estimate is slightly below the 7.4% growth projected by the country’s statistics office for the current fiscal year that ends in March and matches…
Global growth is projected to stay resilient at 3.3% in 2026 and 3.2% in 2027, broadly matching the estimated 3.3% outturn in 2025, according to the latest World Economic Outlook Update released by International Monetary Fund. The forecast noted a slight upward revision for 2026 and no change for 2027 compared with October 2025 projections.Beneath…
The International Monetary Fund (IMF) has raised India’s growth outlook for 2025 to 7.3 per cent, citing better-than-expected corporate earnings in the third quarter and strong momentum heading into the fourth, while also signalling that the global economy has largely absorbed the immediate impact of tariff-related shocks.In its latest World Economic Outlook, the IMF raised…
The International Monetary Fund has highlighted India’s position in world economy, saying that New Delhi continues to play a crucial role in driving global economic growth, with recent indicators pointing to stronger-than-expected performance. Addressing reporters during a media briefing on Thursday, IMF spokesperson Julie Kozack said that India has emerged as one of the world’s…
US Treasury Secretary Scott Bessent (File photo) US Treasury Secretary Scott Bessent hinted at possible easing of sanctions on Venezuela’s oil exports in the next week, after the arrest of Venezuela President Nicolas Maduro by US forces. The US Treasury is also scheduled to hold discussions with the heads of the International Monetary Fund and…
