AI’s Promise for the Global Economy

AI is general-purpose technology that has applications across the entire economy, by sector and type of work. This is important, because only general-purpose technologies can produce an economy-wide ... Read More

IMF's Gourinchas says right for US to cut rates though inflation risk not gone

The imminent rate cuts planned by the U.S. Federal Reserve are "in line" with International Monetary Fund advice that has put a premium on ensuring inflation was controlled but now sees risks shifting ... Read More

How do Economic Growth and Food Inflation Affect Food Insecurity?

During the global recession of 2020 food insecurity increased substantially in many countries around the world. Fortunately, the surge in food insecurity quickly came to a halt as the world economy ... Read More

Harris to Double Down on Consumer Issues Amid Improving Outlook on Inflation and the Economy

In a speech Wednesday in North Carolina, Donald Trump painted a picture of a U.S. economy that ... “There’s no evidence really that we're seeing a big issue with inflation,” says David ... Read More

U.S. Slows a Little but Global Economy Proves Resilient

The U.S. has slowed slightly this month, but other parts of the global economy are showing surprising signs of resilience in the face of still-high ... fell slightly to 54.1 in August from 54.3 ... Read More

Who Caused the Recent Wave of Inflation?

A study from The Federal Reserve Bank of San Francisco claims that most of the price inflation that plagued the US economy over the past few years was due to ... Read More

CBK taps IMF assistance to improve economic forecasting

The Central Bank of Kenya has enrolled the assistance of the International Monetary Fund (IMF) to improve its ... firms on selected economic indicators including inflation, economic growth ... Read More

IMF says Argentina improving but results not expected this year

According to the World Economic Outlook released Tuesday by the International Monetary Fund (IMF), Argentina's inflation in 2024 ... directors agreed last Feb. 1 to extend the agreement with ... Read More

Harris Pulls Ahead of Trump on Economy as Markets Prepare for New Inflation Data

Harris bests Trump by a slim margin of 1 ... inflation to continue to subside,” said Sarah House, senior economist, and Aubrey George, economic analyst, at Wells Fargo Economics. “Labor costs ... Read More

Russia raises main economic forecasts, sees higher year-end inflation

A sharper rise in capital investment is one of many improvements to Russia's 2024 economic outlook, new economy ministry forecasts showed, though stubbornly accelerating inflation may blunt the impact ... Read More

Australian Inflation Rate: Economy Grows At Sluggish Pace

The IMF, meanwhile, has trimmed Australia’s economic growth outlook to 1 ... no cost-of-living package for low-income earners or pensioners, out of fear of stoking inflation. “We know people ... Read More

IMF's Gourinchas Says Right for US to Cut Rates Though Inflation Risk Not Gone

"Inflation has been improving and ... service-sector prices are still rising and that the Fed will have to calibrate the pace and extent of rate cuts with incoming economic data. Read More