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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.

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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.

Tunisia

Euroviews. Tunisia must break free from reliance on short-term economic fixes

Tunis' political decision to mobilise resources for escalating expenditures without addressing the need to curb spending, downsize the government, and reduce the state's economic footprint is a looming disaster, Sadok Rouai writes.

Economy

How are European firms exposed to China’s struggling property sector?

A number of European companies have been facing tremors as the Chinese property sector teeters on the brink of collapse.

Economy

Europe at risk of a renewed inflation shock from the Israel Hamas war

The International Monetary Fund (IMF) has warned that the conflict in the Middle East between Hamas and Israel could drive up inflation as central banks continue the battle to bring it down.

Focus

Morocco sets ambitious tourism targets as it bounces back from quake

Morocco proved its resilience during the devastating earthquake in September. Now, the country is looking to sustainably expand its tourism sector ahead of the 2030 FIFA World Cup.

Economy

British economy creeps forward

The UK’s GDP grew slightly in August, driven by the services sector.

Economy

IMF worries about China's financial stability due to property crisis

At the ongoing World Bank-IMF annual meetings in Morocco, IMF officials urged Chinese authorities to intervene as an unprecedented property crisis rocks the world's second-largest economy.

Economy

The global economy 'is limping along, not sprinting' - IMF report

The global economy continues to recover, but GDP growth is going to slow down over the next two years, the IMF has said in its latest economic outlook.

Economy

Morocco welcomes IMF-World Bank meeting a following deadly earthquake

Less than a two-hour drive from where families sleep in tents and earthquake rubble remain in piles, the world's most powerful financial institutions are gathering for a week of discussions on economic challenges during times of war, inequality and climate change.

Economy

IMF: Private sector needs to shoulder most of the climate investment burden

Developing countries need $2 trillion in annual climate investments - IMF says the majority has to come from the private sector.

Economy

Austerity measures undermine human rights, new report says

Austerity measures linked to IMF loans are eroding human rights across the globe, according to a human rights NGO.

Tunisia

Euroviews. How to fix Tunisia’s economic misery with a fair and bold IMF program

Economic reforms are inherently political, but they should be designed to address the concerns and aspirations of the population impacted by them, Timothy Kaldas and Ayoub Menzli write.

Economy

Germany expected to be only major economy not to grow this year

According to the latest figures from the International Monetary Fund, Germany's GDP is forecast to drop 0.3% this year while other countries continue to grow.