The nomination of Christine Lagarde as European Central Bank president on Tuesday (2 July) has thrust the International Monetary Fund into an early, unanticipated search for a new leader amid a raging trade war that has darkened the outlook for global growth.
The International Monetary Fund has lowered its forecast for economic growth in the global economy as the trade conflict between the USA and China becomes a real threat. But the situation in Europe is not exactly rosy either. EURACTIV Germany’s media partner WirtschaftsWoche reports.
The International Monetary Fund warned on Tuesday (9 October) of a further slowing in eurozone's economic growth, which was forecast at 2% this year, due to persistent uncertainty over Brexit and low productivity. EURACTIV’s partner efe-epa reports.
The European Stability Mechanism (ESM) – the eurozone's bailout fund – should ultimately be turned into a European version of the International Monetary Fund IMF, according to the head of eurozone finance ministers.
The International Monetary Fund has highlighted the positive effect of public spending on refugees on European GDP, but has also recommended that employers pay them less than the minimum wage. EURACTIV France reports.
The United States has urged countries to think twice before signing up to a new China-led Asian development bank that Washington sees as a rival to the World Bank, after Germany, France and Italy followed Britain in saying they would join.