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Citing Russia’s war, IMF cuts global growth forecast
The International Monetary Fund downgraded the outlook for the world economy this year and next.
US, DC settle final lawsuit after 2002 World Bank protests
WASHINGTON — District of Columbia and U.S. authorities have settled the final lawsuit related to the arrests of hundreds of protesters during a 2002 demonstration against the World Bank. The Washington Post reports that authorities agreed to pay $2.8 million to four former George Washington University students and their attorneys without admitting wrongdoing. The District […]
LAC Group hired by IMF
LAC Group, of Rockville, which provides information curation services, announced it has been awarded a contract by the International Monetary Fund to provide library services for the IMF and World Bank joint library network, along with archives, records management and library staff augmentation services. The IMF Library Network holds approximately 380,000 printed volumes, and LAC […]
IMF: U.S. growth resumes, but year will be weak
U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
IMF sees improved U.S. economy, but watch weather
The U.S. economy is poised to accelerate after a dismal start to the year even though the job market won't return to full employment until 2017.
IMF says nations should attack income inequality
The International Monetary Fund warned Thursday that wide income inequality can slow economic growth and is proposing ways to reduce it.
IMF: U.S. debt default would shake global economy
WASHINGTON — A U.S. debt default in the event that a politically divided Congress fails to raise the federal borrowing limit would imperil the entire global economic recovery, a senior International Monetary Fund official warned Wednesday. But Jose Vinals, the IMF’s financial counselor, said he sees the actual risk of such a default as very […]
IMF forecasts slower global growth in 2013-14
WASHINGTON — The International Monetary Fund said Tuesday that it sees slower global growth in 2013 and 2014 than it did just three months ago, citing expectations of a slowdown in key developing countries such as China and Brazil and a more protracted recession in Europe. The international lending agency released an update of its […]
Strauss-Khan, hotel maid settle N.Y. lawsuit over abuse claims
NEW YORK — Former International Monetary Fund leader Dominique Strauss-Kahn and a hotel maid settled her lawsuit Monday over sexual assault allegations that sank his political career and spurred scrutiny of his dealings with women on two continents. State Supreme Court Justice Douglas McKeon announced that after lengthy negotiations in the suit brought by Nafissatou […]
IMF chief urges further debt reduction
BERLIN — The head of the International Monetary Fund says the world’s leading economies must continue to cut government spending despite an overall situation of only “tepid growth.” Christine Lagarde said Tuesday in Berlin that those governments “have to continue fiscal consolidation at a sensible pace” and implement the necessary structural reforms to improve their[...]
IMF offers bleak assessment of stalled recovery
TOKYO — Plagued by uncertainty and fresh setbacks, the world economy has weakened further and will grow more slowly over the next year, the International Monetary Fund says in its latest forecast. Advanced economies are risking recession, the international lending organization said in a quarterly update of its World Economic Outlook, and the malaise is […]
D.C. police chief could be called in IMF case
WASHINGTON — D.C. Police Chief Cathy Lanier may be asked to testify in a lawsuit stemming from mass arrests of hundreds of protesters 10 years ago, according to a federal judge overseeing the case. U.S. Magistrate John Facciola said in a written order that he wants to hold a hearing, likely early next month, and […]
