IMF Warns Biden"s Fiscal Profligacy Poses "Significant Risks" To Global Economy "In Great Election Year"

The world economy is on track to be back to its pre-pandemic level by the middle of the year thanks to the $1.9 trillion fiscal stimulus package, the OECD said on Tuesday......»»

The IMF says global lockdowns will see the global economy contract 3% this year, but warns the damage could yet be much worse. Julian Satterthwaite reports......»»

The United Nations is forecasting that the global economy will expand by more than 3 percent this year and next year — but it warns that increasing risks could trigger "a shock to investment and trade" and a sharp drop to 1.8 percent growth in 2019......»»

Britain risks a bigger hit to its economy than during the global financial crisis a decade ago if it leaves the European Union in a "disorderly" manner in March next year, the Bank of England warned on Wednesday. David Pollard reports......»»

Copper inventories are falling low just as the global economic reopening gets under way, according to BofA. “If scrap supply doesn't come through, stocks would deplete by 2024,” the bank’s commodity strategists warn......»»

The Biden White House is slated to release its first big fiscal policy document soon, but critics wonder if it will raise more questions than it will answer......»»

Carson Block: The 'Stonk' Bubble Poses Significant Global Risks Authored by Carson Block of Muddy Waters, published originally in FT The .....»»

U.S. Treasury yields rise Thursday amid anticipation that the Biden administration would press forward with significant additional fiscal spending measures to help the economy recover from the coronavirus pandemic......»»

As the world faces the worst depression since the Great Depression of the 1930s, with the global economy expected to contract by 3% this year, it’s worth reminding ourselves that humanity has survived numerous economic crises in the past......»»

The global economy will see massive shifts post-coronavirus, providing great opportunities......»»

Forecasting that this year would be the.....»»

The International Monetary Fund forecast that the global economy would recover partially next year from the “Great Lockdown” of 2020, but the economists at the international financial institution didn’t sound entirely convinced......»»

The International Monetary Fund forecast that the global economy would recover partially next year from the “Great Lockdown” of 2020, but the economists at the international financial institution didn’t sound entirely convinced......»»

The global economy will experience the worst downturn since the Great Depression this year but could see a "partial recovery" in 2021 if the coronavirus pandemic eases after June, said Kristalina Georgieva, the managing director of the International Monet.....»»

Reuters The US economy risks a brutal depression unless the government relaxes banking rules and boosts liquidity in markets, Tom Barrack warned in a Medium post on Sunday. The real estate billionaire and Trump ally predicted that "al.....»»

Credit Suisse sharply lowered its forecast for Mexico's economic performance this year and now expects a 4.0% contraction, citing "significant downside risks," according to a note sent to the bank's clients on Tuesday......»»

The OECD has warned that the global economy is facing its biggest threat since the financial crisis.  Global growth is expected to fall as low as 1.5% this year, halving the OECD's previous 2020 projection from last .....»»

The world’s top economic leaders warned on Saturday that an international tax fight between the United States and Europe poses a new threat to the global economy if a resolution is not reached this year. .....»»

China’s coronavirus epidemic will likely cut 0.1% from global economic growth, and drag down growth for China’s economy to 5.6% this year, the International Monetary Fund said on Saturday......»»

Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday......»»