I.M.F. to Lower Global Outlook as Recession Risks Rise The head of the International Monetary Fund, Kristalina Georgieva, painted a dark picture of the global economy.
In Global Slowdown, China Holds Sway Over Countries’ Fates The lender of choice for many nations over the past decade, Beijing now has the power to cut them off, lend more or forgive some of their debts.
A Strong Dollar Is Wreaking Havoc on Emerging Markets. A Debt Crisis Could Be Next. Low-income countries, like Ghana and Pakistan, were already struggling during the pandemic. The dollar’s strength is adding to their woes.
Businesses Brace for Currency Chaos in Asia A 1997 financial catastrophe casts a long shadow in countries that are seeing the value of their money plunge to record lows.
Britain’s Gamble on Tax Cuts has Economists Warning of Past Mistakes The International Monetary Fund is just one of the many voices that have criticized a plan to cut rates for high earners.