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Tag Archives: Gita Gopinath

IMF warns of further downside risks for global economy

Davos, Switzerland | Xinhua | The International Monetary Fund (IMF) on Tuesday warned of further headwinds for the global economy and spiralling inflation around the world due to the conflict in Ukraine, while voicing that China will remain an engine of growth after the “near-term headwinds”. “We are seeing additional weaknesses …

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IMF revises down 2021 global economy forecast to 5.9 pct

Washington, U.S. | Xinhua | The International Monetary Fund (IMF) on Tuesday projected that the global economy would grow by 5.9 percent in 2021, down by 0.1 percentage points from July’s forecast, according to the latest World Economic Outlook. “The global recovery continues but momentum has weakened, hobbled by the pandemic,” …

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COMMENT: Flexible exchange rates

Why currency depreciation doesn’t always allow exports to decline relative to a producer’s imports COMMENT | GITA GOPINATH | In 1953, Milton Friedman published an essay called `The Case for Flexible Exchange Rates’, arguing that they cushion an economy from internal and external shocks by bringing about just the right price …

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The IMF’s next test

By Gita Gopinath Is it prepared to provide “forward guidance” on how it will tackle potential disruptions in financial markets? This October, central bankers, policymakers, private-sector executives, academics, and representatives of civil-society organisations will convene in Washington, DC, for the annual joint meeting of the International Monetary Fund and the …

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