IMF urges China to accelerate reforms for consolidating economic growth
June 14, 2017 15:14 ISTThe IMF insisted on the importance of favouring private consumption growth to boost the economy, rather than investment.
The IMF insisted on the importance of favouring private consumption growth to boost the economy, rather than investment.
The International Monetary Fund (IMF) today said that with a growth forecast of 6.6 per cent for 2017, China’s GDP continues to decelerate as it transitions from an export and investment based economy to one based on domestic consumption.
Indian economy is expected to rebound to 7.2 per cent growth in the financial year 2017-18 and in the 2018-19 fiscal, it is likely to grow at 7.7 percent, the International Monetary Fund (IMF) said on Monday.
The Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight per cent, the International Monetary Fund has said.
Asserting that a strong India-China partnership is important for the world, the International Monetary Fund has said that maintaining openness to trade is very important, especially for Asia.
The International Monetary Fund (IMF) on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent the next year.
The International Monetary Fund chief said that she was impressed with the other reforms that the Indian government has undertaken including the one on bankruptcy
Expressing grave concern over China’s credit boom which has more than doubled in less than a decade, the International Monetary Fund (IMF) has termed it “dangerous” for the world’s second largest economy.
In February, the Central Statistics Office (CSO) estimated that India's GDP growth for the full fiscal 2016-17, at 7.1 per cent, which marked a sharp fall from the 7.9 per cent recorded for the fiscal 2015-16.
The International Monetary Fund (IMF) chief Christine Lagarde on Wednesday said that after six years of "disappointing" growth, the world economy is finally witnessing a cheerful "spring".
The government’s mega attempt to flush out unaccounted wealth, or "black money", has been likened to a vacuum cleaner – one that “sucked in the cash” and "adversely affected" consumption. “You've heard about so-called 'helicop
IMF has projected India's growth to slow to 6.6 per cent in 2016-17 fiscal due to the strains that have emerged in the economy as a result of temporary disruptions caused by demonetisation.
The IMF has said India's demonetisation would have limited impact on Nepal as it projected a 5.5 percent growth rate for the Himalayan country in the current fiscal year.
Cutting India’s growth rate by one percentage point due to the "temporary negative consumption shock" of demonetisation, the International Monetary Fund (IMF) predicted it to be 6.6 per cent for the current fiscal year.
Christine Lagarde will remain head of the International Monetary Fund despite her conviction Monday of negligence in a case dating to her tenure as France's finance minister. The IMF's executive board quickly met after the
A special French court has found IMF chief Christine Lagarde guilty of criminal negligence in a long-running arbitration case.
IMF Managing Director Christine Lagarde has said that India's national income will increase by 27 per cent if the participation of women in the workforce matches the level of men.
The International Monetary Fund (IMF) has welcomed India’s efforts to fight corruption through the currency control measures announced this week.
Asserting that India has shown that progress on reforms could "ignite" business investment, the IMF today said the adoption of goods and services tax is poised to boost the country's medium-term growth. "India's strong reform
The International Monetary Fund (IMF) on Tuesday maintained its forecast for global growth in 2016 at 3.1 per cent, saying the subpar trend will continue without determined policy action.
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