Rich must pay for Covid borrowing binge, says IMF as global debts soar

The rich must pay for Covid borrowing binge, says IMF as global debts hit a record £64 TRILLION By James Salmon for the Daily Mail Published: 21:54 BST, 14 October 2020 | Updated: 21:54 BST, 14 October 2020 The wealthy should pay higher taxes to help deal with a Covid borrowing binge that has pushed … Read more

IMF warns Covid will cause ‘lasting damage’ to living standards

The £21trillion cost of Covid: IMF warns the pandemic will cause ‘lasting damage’ to living standards worldwide By James Salmon for the Daily Mail Published: 22:04 BST, 13 October 2020 | Updated: 23:05 BST, 13 October 2020 The Covid crisis will blow a £21trillion hole in the world economy and inflict ‘lasting damage’ on living … Read more

IMF warns Covid will cause ‘lasting damage’ to living standards

The £21trillion cost of Covid: IMF warns the pandemic will cause ‘lasting damage’ to living standards worldwide By James Salmon for the Daily Mail Published: 22:04 BST, 13 October 2020 | Updated: 22:04 BST, 13 October 2020 The Covid crisis will blow a £21trillion hole in the world economy and inflict ‘lasting damage’ on living … Read more

Chancellor asks IMF to bail out poor countries

Rishi Sunak set to press International Monetary Fund to ease debt burden on poorest countries hit by coronavirus By Dan Atkinson, Financial Mail on Sunday Published: 21:51 BST, 10 October 2020 | Updated: 21:51 BST, 10 October 2020 Rishi Sunak is set to press the International Monetary Fund to ease the debt burden on the … Read more

Another Covid crash is on the way, IMF warns investors

Another Covid crash is on the way, IMF warns investors amid fears markets are becoming increasingly detached from reality By James Salmon for the Daily Mail Published: 21:50 BST, 25 June 2020 | Updated: 00:00 BST, 26 June 2020 Investors should brace themselves for another coronavirus crash, the International Monetary Fund has warned. Shares have … Read more

IMF says global economic carnage in coronavirus pandemic will be much worse than expected

The International Monetary Fund has laid out the unprecedented economic devastation caused by the coronavirus pandemic, sharply lowering its forecast for global growth this year. The IMF said on Wednesday that this ‘crisis like no other’ would send the global GDP plunging by 4.9 percent this year and wipe out an astonishing $12 trillion over two years.  … Read more

IMF says global economic carnage in coronavirus pandemic will be much worse than expected

The International Monetary Fund has laid out the unprecedented economic devastation caused by the coronavirus pandemic, sharply lowering its forecast for global growth this year. The IMF said on Wednesday that this ‘crisis like no other’ would send the global GDP plunging by 4.9 percent this year and wipe out an astonishing $12 trillion over two years.  … Read more

Global slump will be WORSE than feared: IMF warns of huge hit to jobs 

Global slump will be WORSE than feared: IMF warns of catastrophic hit to jobs with £10TRILLION set to be wiped off the global economy By James Salmon for the Daily Mail Published: 21:50 BST, 24 June 2020 | Updated: 22:05 BST, 24 June 2020 The coronavirus crisis is set to wipe £10trillion off the global … Read more

ALEX BRUMMER: IMF boss Kristalina Georgieva fails political test

ALEX BRUMMER: IMF boss Kristalina Georgieva revisiting Brexit during coronavirus crisis suggests she hasn’t quite washed away her EU past By Alex Brummer for the Daily Mail Published: 22:30 BST, 16 April 2020 | Updated: 22:37 BST, 16 April 2020 The International Monetary Fund deserves credit for not holding back on highlighting the stunning £7 … Read more

IMF warns countries including UK facing ‘massive’ rise in debt due to Covid-19 outbreak

IMF warns countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak By Ruth Sunderland for the Daily Mail Published: 22:06 BST, 15 April 2020 | Updated: 22:36 BST, 15 April 2020 Countries including the UK are facing a ‘massive’ rise in debt due to the Covid-19 outbreak, the … Read more