The International Monetary Fund slashed this year's economic forecast for Asia, reflecting a sharper-than-expected contraction in countries like India, a sign the coronavirus pandemic continues to take a heavy toll on the region.

World Business Watch: IMF cuts Asia's growth forecast; Pandemic-driven risks for Asian nations

IMF Chief Economist Gita Gopinath has predicted a deep global recession. The IMF has recommended that countries with high debt should tax the rich. Palki Sharma Upadhyay tells you what's driving IMF's recommendations.

Gravitas: Why IMF wants countries to tax the rich

Finance Minister Nirmala Sitharaman said the International Monetary Fund's debt restructuring programme should aim at helping the countries overcome the fiscal stress caused by the coronavirus pandemic.

IMF's debt restructuring should help countries overcome fiscal stress: Nirmala Sitharaman

IMF's world economic outlook says that the impact of COVID-19 is less severe than expected on the global economy. However, the pandemic would leave deep and enduring scars caused by job losses and weaker investment. WION spoke to IMF Chief Economist Gita Gopinath to know the broader picture of the biggest economic crisis the world is facing now.

WION exclusive with IMF Chief Economist Gita Gopinath: COVID-19 impact on global economy

IMF has said that India's gross domestic product (GDP) is expected to contract by 10.3% due to the impact of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic.

IMF's biannual world economic outlook: India's GDP to contract

The International Monetary Fund (IMF) assesses that most countries in the world will return to pre-coronavirus pandemic GDP levels by 2020, IMF Chief Economist Gita Gopinath said during a virtual briefing on Tuesday.

GDP in most countries to recover to pre-pandemic levels by 2022: IMF

Global growth will collapse 4.4 percent this year, less than previously expected, the IMF said Tuesday, though the outlook is beset by uncertainty amid the ongoing pandemic.

IMF Chief speaks on economic impact of the coronavirus pandemic

After taking a hit in the first two quarters due to the COVID-19 outbreak, China's economy is expected to see a recovery this year, an International Monetary Fund (IMF) official has said.

China's economy to rebound, IMF predicts major growth

The International Monetary Fund (IMF) on Tuesday projected that Indian economy, severely hit by the coronavirus pandemic shall contract by a massive 10.3 per cent this year.

Coronavirus impact: IMF projects India’s GDP to contract 10.3% in 2020

The U.S. Treasury will press countries to keep up coronavirus stimulus during International Monetary Fund and World Bank annual meetings next week and urge China to fully participate in debt relief for poor countries, a senior Treasury official said.

US Treasury to push COVID stimulus, China debt participation at IMF meeting

Georgieva told an online London School of Economics event that the IMF will make a small upward revision to its global economic output forecasts next week

'Economic fallout of pandemic not as bad as feared', says IMF Chief Kristalina Georgieva

The global downturn caused by the coronavirus pandemic offers an opportunity for governments to implement new policies that could simultaneously address climate change and boost the economy, the IMF said Wednesday.

Pandemic downturn offers path to address climate change: IMF

Prime Minister Narendra Modi's call for an "Aatmanirbhar Bharat" (self-reliant India) is an important initiative, the International Monetary Fund (IMF) said on Thursday.

Modi's 'Aatmanirbhar Bharat' important initiative: IMF

The IMF on Thursday said that there is a need for another stimulus in India, especially expenditures on health, food and income support for vulnerable households, and support for businesses in view of the COVID-19 pandemic.

Further fiscal stimulus warranted in India, says IMF

Most oil rigs around the world are temporarily idle and the situation could soon turn permanent. Oil consumption has dropped as lines at fuel pumps remain thin amid travel restrictions due to the virus worldwide.

Pandemic effect: Oil rigs face closure worldwide amid shift towards clean energy

India's concerted efforts to strengthen the business climate and encourage investment in trade have helped attract investment, but the country needs further economic reforms to ensure sustainable and more inclusive growth, according to the IMF.

India needs further economic reforms to attract more investment: IMF

A top IMF official has said that there is room for more fiscal support in India in the near term, particularly for vulnerable households and SMEs, given the severity of the country's economic situation due to the COVID-19 pandemic.

Economic impact of COVID-19 in India has been substantial: IMF

The economies of countries in the Gulf Cooperation Council (GCC) will shrink by 7.6 per cent this year following the coronavirus outbreak

IMF expects Gulf economies to shrink by 7.6% in 2020

Shiny skyscrapers and sprawling shopping malls in Gulf countries may become remnants of a prosperous past. The pandemic and low oil prices have turned the rich oasis into a mirage. Now, the IMF expects a steep economic slump in 2020. WION's Palki Sharma tells you more.

Gravitas: Oil Not Gulf's Golden Goose Anymore

The International Monetary Fund (IMF) has revised down its forecast for the global economy amid mounting COVID-19 fallout.

IMF revises down world Economic Outlook forecast

Hit by the coronavirus pandemic the Gulf Cooperation Council popularly known as GCC will see their economies shrink by 7.6%. Watch report.

Gulf economies to shrink: IMF revises down economic outlook

The International Monetary Fund has updated its world economic outlook and a forecast for India is grim. Watch report.

IMF: Indian economy to contract 4.5% in 2020

The International Monetary Fund has said the global economy will take a $12tn (£9.6tn) hit from the Covid-19 pandemic after slashing its already gloomy growth projections for the UK and other developed countries in 2020.

IMF Chief Economist Gita Gopinath briefs on global economy; Projects growth at -4.9% in 2020

The Imran Khan govt used Coronavirus relief money on self-promotion and to pay electricity bills, now the International Monetary Fund has asked Pakistan to freeze all non-development expenditures including the military budget.

Gravitas: IMF tells Pakistan to freeze defence expenditure

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