IMF cuts China growth forecast to 4.4% this year, reflecting spreading Covid-19 lockdowns and pressure from war in Ukraine
Fund’s second China downgrade this year reflects spreading Covid-19 lockdowns and pressure from war in Ukraine
As Shanghai remains locked down amid China’s biggest Covid-19 outbreak, residents are taking to social media to vent about a shortage of food or they're bartering with neighbors. Anxiety and hunger are prompting many to question Beijing’s pandemic strategy. Photo: Chinatopix Via APThe International Monetary Fund further slashed its growth forecast for China this year to 4.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Taiwan says COVID vaccine talks held up on China sales dealTalks on Taiwan buying the child version of the Pfizer /BioNTech COVID-19 vaccine have stalled as Pfizer does not have the right to sell it, and BioNTech and its Chinese partner do not make it, a Taiwan minister said on Monday.
Read more »
IMF says Russia's war in Ukraine will 'severely set back' global economyThe International Monetary Fund has slashed its expectations for global economic growth over the next two years because of Russia's invasion of Ukraine, comparing the ripple effects from the conflict to an 'earthquake.'
Read more »
IMF Lowers Growth for 2022 and 2023, Cites Risks to Ukraine Conflict, InflationThe IMF cited the war in Ukraine as “economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and to add to inflation.” Get your market update from RichardSnowFX here:
Read more »
Crisis-hit Sri Lanka requests rapid financial assistance from IMFSri Lanka asks the International Monetary Fund for rapid financial assistance and the global lender could consider it after initial reluctance, an aide to the country's Finance Minister Ali Sabry says
Read more »
IMF Says Capital Control Powers Should Include CryptoCapital control measures should cover crypto, IMFnews said as it warns of a loophole in Russia sanctions. jackschickler reports
Read more »
'Impractical' to Move Russian Rubles into Crypto Because of Low Liquidity, IMF Concedes | CoinMarketCapNonetheless, the institution says the crypto ecosystem could still be used to sidestep economic sanctions — especially if due diligence checks are inadequate, or anonymizing tools are used.
Read more »