How bad is the crisis in Sri Lanka? And what lies ahead for the island nation?
Both institutions aren’t designed to handle the multiple global crises they now face,including fallout from Russia’s war in Ukraine,the COVID-19 pandemic and climate change,Janet Yellen says.
Australia has recorded one of the largest increases in debt with an ongoing structural budget deficit,says the IMF. Neither side of politics has a repair plan.
The IMF warns four crises could make the economic outlook even worse:escalating war;more Russian sanctions;new COVID variants or a lengthy Chinese downturn.
The Ukraine crisis represents another shock to a world economy that was just emerging from the pandemic,and it’s compounding global supply chain disruptions and inflation headwinds.
The International Monetary Fund says a global approach to cryptocurrencies will be needed to protect consumers,investors and countries.
Sydney and Melbourne home buyers face tougher lending standards within months as house prices in the two largest Australian cities rise hundreds of dollars every day.
The International Monetary Fund has joined the OECD,Labor and many economists in saying it’s time for a formal review of the Reserve Bank and its operations.
Australian regulators have been urged to cool the booming housing market,with the IMF warning a property price correction would pose a significant risk to the nation’s economic stability.
IMF Australia mission chief Harald Finger says given Australia is not using a carbon price to drive down greenhouse gases,it should toughen the rules around industrial emissions.
The world’s biggest money manager is calling for big changes for the 77-year-old institutions.