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The Europe Conversation

Focus on EU single market to boost competitiveness, says Kristalina Georgieva

Three things are holding Europe back: the absence of a capital markets union, investments not going to the most productive firms and energy costs, the managing director of the IMF told Euronews.

Economy

What Europe can learn from the US about growth, reveals IMF report

A slowdown in productivity growth in Europe has became one of the key reasons behind a widening per capita income gap with the United States, according to the IMF's latest productivity report.

Markets

What key factors could keep the euro under pressure for some time?

The euro extended its losses against other major currencies within the G-10 group, with the EUR/USD pair dropping below the pivotal 1.08 level on Tuesday. The single currency may remain weak for some time.

Business

US-Europe economic growth divergences to widen further, IMF warns

The IMF warns of widening US-Europe growth divergences, calling for increased public investment in Europe. While US growth forecasts have been upgraded, the eurozone faces downgrades, with key economies like Germany and Italy struggling to keep pace.

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Europe News

MEP scrutiny of Commissioners-designate: A democratic tool or a scam?

What is the real power of MEPs to scrutinise the financial interests of European Commissioners-designate? Radio Schuman talks to MEP Manon Aubry (The Left/France).

Business

Europe must unite to avoid financial crisis, IMF's Georgieva says

International Monetary Fund Managing Director Kristalina Georgieva speaks to Euronews after meeting with German Chancellor Olaf Scholz as she begins her second term.

Economy

IMF World Economic Outlook: More interest rate cuts on the cards?

Policymakers must act now to revitalise growth prospects, says the IMF.

Economy

IMF's roadmap for Europe: More green investment and market integration

The IMF recommends Europe implement strategic macroeconomic policies, structural reforms, and increased green investment to address challenges such as reduced fiscal buffers, an ageing population, and low productivity growth.

Economy

Euroviews. Europeans should bet on modernising the World Bank and IMF

In this decisive year for climate finance, the moment is now for strengthening the World Bank and IMF’s capacity to provide climate finance to developing countries, David McNair and Ameer Chughtai write.

Earth News

Climate action will boost energy security in Europe by 8% by 2030, IMF

IMF's study focuses on security of supply and resilience of countries' economies.

Economy

IMF upbeat on China's economic forecast but warns reform still needed

The projections come as Beijing powers ahead with recovery efforts to lift itself from a prolonged property crisis.

Markets

Markets round-up: Escalating Middle East tensions deepen weekly slump

Global markets are poised for a third consecutive weekly decline as tensions rise in the Middle East. Investors are flocking to safe-haven assets, especially gold and silver, amplifying their surge as a safety destination.

Economy

Eurozone growth set to rebound as ECB cuts interest rates, IMF says

IMF expects the Eurozone to recover from 2023's 0.4% growth, with projected rises to 0.8% in 2024 and 1.5% in 2025. Inflation decline allows central banks to consider rate cuts, but Middle East tensions threaten to hike oil prices and shipping costs, potentially dampening the economic outlook.

Economy

Famous names petition G20 in call for debt and climate crisis reform

More than 100 signatories, including a number of celebrities, send an open letter to the G20 asking for reform to the global financial system.

Economy

IMF: Emerging European economies need high interest rates for longer

Inflation is proving more stubborn in central, eastern and southeastern Europe, says the International Monetary Fund, meaning a soft landing must be handled carefully.

Europe News

European finance ministers back Georgieva for second IMF term

The international organisation’s Managing Director had faced competition from the likes of Ireland’s Paschal Donohoe after a scandal involving Chinese business rankings.

World

Is gender parity the key to economic prosperity? The IMF says 'yes'

Why does the world need more women in the labour market and managerial positions? Kristalina Georgieva, the International Monetary Fund's Managing Director, shares her thoughts on the Global Conversation.

Economy

IMF: Global growth will be stronger than expected in 2024 at 3.1%

The International Monetary Fund (IMF) raised its forecast for global growth, projecting 3.1% in 2024. However, Europe's prospects are not as positive.

Work

AI to impact 40% of jobs around the world, IMF chief says

Kristalina Georgieva said now is the time to act to create a set of policies ensuring the impact of AI is beneficial not detrimental to humanity.

Business

Greece hailed again as global economic 'country of the year'

The Economist rated Greece as the top-performing economy in 2023. Euronews Business breaks down the study and considers how the rest of Europe performed last year.