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A senior IMF economist added pressure on Britain's finance minister George Osborne on Saturday to slow the pace of his deficit-cutting program to take into account the country's under-performance on growth.David Lipton, first deputy managing director of the IMF, told Sky News television that the Fund would be raising the issue with the British government."The Fund's view is clear. The UK economy has turned out to be somewhat weaker than had been foreseen, so our view is that the pace of consolidation ought to be reconsidered, and we'll want to come and have some discussions over that," he said.Lipton's comments echo similar views expressed by the most senior people in the IMF this past week, including Managing Director Christine Lagarde and Chief Economist Olivier Blanchard.Osborne, in Washington for the Fund's twice-yearly meetings, initially dismissed Blanchard's comments as "one voice", but it has since become clear that he was putting forward a view shared by those at the top of th...
The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that ...
The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that ...
The IMF cut its global growth forecast on Tuesday for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills w...
The International Monetary Fund on Tuesday revised down its projections for global growth for this year and next, citing lower growth prospects and higher risks. The...
The International Monetary Fund Tuesday raised its outlook for global economic growth to 3.5% for the year, but warned that while prospects have improved in recent m...
The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be "very large" as negotiations between bondholde...
The global economy is slowing this year, the International Monetary Fund said Tuesday, cutting its forecasts for growth and warning of a deeper downturn if Europe do...
Alarmed by the sovereign debt crisis in Europe, the International Monetary Fund downgraded its global economic forecast on Tuesday, warning inaction in the beleaguer...
The International Monetary Fund's chief economist cautioned on Wednesday against exacting tough austerity measures too quickly and instead favors a longer process as...
The Greek cabinet was expected to outline major public sector layoffs, more spending cuts and tax increases on Wednesday to secure a bailout instalment crucial to av...
By David LawderSpreading fears about a Greek debt default and contagion to larger economies in the euro zone have raised alarm in the United States and among emergin...
Europe needs to "get its act together" and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of sev...
On Tuesday, gold ( NYSEARCA:GLD ) futures for June delivery, the most active contract, gained $26.30 to close at $1,387.40 per ounce, while silver ( NYSEARCA:SLV ) f...
The U.S. economy would likely grow as much as 2 percentage points higher this year if the government were not tightening fiscal policy, a top International Monetary...
As western economies hit another pothole in their stuttering post-crisis recoveries, pressure to step up economic policy intervention to tackle entrenched unemployme...
The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the...
Talk of a global currency war in the wake of the Bank of Japan's new policy steps is inappropriate, said Olivier Blanchard, the chief economist of the International ...
Global financial markets may not be pricing in enough risk about the prospects for the world economy, said Olivier Blanchard, the chief economist of the Internationa...
The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's de...
