The planned fiscal stimulus, large tax cuts and increased government spending will also temporarily boost domestic demand and imports, leading to a higher U.S. trade deficit, said Obstfeld, one of the world's leading experts on international economics. Therefore, "trade policies don't have major...
The two countries, as the world's two largest economies, have "joint responsibilities" for the global economy and global institutions, and thus "we should manage those (differences) in a prudent manner," Allen said. "The results are clear. Everyone loses in a trade war," said Georgieva. ...
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The International Monetary Fund (IMF) has forecast the global growth of 3.7% for this and the next year, per the latest World Economic outlook. The forecast fell by 0.2 percentage points from the April report, which estimated global growth at the rate of 3.9% for these two years(see:all ...
IMF gold sales, or even talk of IMF gold sales, will tend to be a factor that the mainstream financial media and the paper gold establishment (World Gold Council and LBMA) will try to milk in order to conjure up caution in gold markets that there is an ‘overhang’ of physical go...
That is one of the major reasons why last October, the IMF and World Bank launched the Bali Fintech Agenda. The agenda lays out key principles — from developing financial markets to safeguarding financial integrity — that can help each nation as it strives for greater financial inclusion. It...
The won has gained 1.8 percent against the dollar so far this year and was trading close to a near six-year high set last week. The IMF said South Korea's current account surplus was estimated to be around 3-4 percent more than the norm. South Korea's current account surplus shot up...
America is being lobbied by poorer members in Africa, Latin America and elsewhere to retain her. She has won plaudits for responding nimbly to the pandemic and retooling the world’s lender of last resort to address threats such as climate change. Yet US hawks now depict her as irredeemably...
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America remains a reluctant member of other bodies, such as the World Trade Organization and the World Health Organization. But US-China rivalry has essentially disabled both. In the case of the WTO, which China joined in 2001 on favourable terms, the US has refused to fill appellate vacancies...