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The Latest Breaking News from International Monetary Fund

Economist Eswar Prasad warns a ‘motley group’ of middle powers can’t stop the ‘doom loop’ threatening the global economy

Prasad, author of “The Doom Loop,” worries that the forces behind globalization are fueling instability—and that global business is making things worse.

Fortune

Before countries can reap AI’s benefits, they’ll have to figure out how to pay for its deployment

Countries might have to choose between taking on more short-term risk or missing out on future AI-driven growth.

Fortune

Ukraine war briefing: IMF approves $8.1bn loan for Kyiv

Fund says loan will resolve Ukrainian balance of payments problem while boosting reconstruction and growth prospects. What we know on day 1,465

The Guardian - AU

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Trump claims America is ‘winning so much.’ The IMF agrees, adding that Trump’s trade policies are the only thing holding it back from even more

The best time to chip away at the national debt and balance the budget is now, when the economy is strong, says the IMF. Trump’s trade tariffs are making that difficult.

Fortune

Poland beats Spain on income as Tusk claims ‘European elite’ status

Poland's per capita income calculated in purchasing power parity (PPP) has overtaken Spain as it edges closer to UK levels.

Euronews

IMF says it is releasing $2.3 billion to Egypt after reforms help to stabilize the economy

The IMF is letting Egypt tap about $2.3 billion more from its loan program after it says reforms are steadying the economy

The Independent UK

4 years on, Russia's Ukraine 'blitz' drags on: How the conflict redefined warfare, shattered Europe

On 24 February 2022, Russian forces crossed into Ukraine on the orders of President Vladimir Putin. What was expected by many to be a swift military operation has become one of the longest and most consequential wars of the 21st century.

The Times of India

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'Trade deficits distinct from BOP deficits': Gita Gopinath backs Neal Katyal on Trump’s 15% tariff move

Former IMF chief economist Gita Gopinath has backed Indian-American lawyer Neal Katyal in questioning US President Donald Trump’s decision to impose a 15 per cent global tariff.

The Times of India

Pakistan poverty explodes, inequality at 27-year high as economic crisis deepens

Pakistan's poverty has surged to an 11-year high of 29%, with 70 million people now in extreme poverty. Income inequality has also reached a 27-year peak of 32.7. These increases are attributed to IMF stabilization policies, natural disasters, and weak growth, leading to a 12% fall in real household income…

The Times of India

A headache is already brewing for Kevin Warsh at the Fed, as minutes show some members don’t just resist a cut, but are open to a hike

“While Warsh may enter with a perceived dovish bias, he will first need to demonstrate that his views are anchored in economic fundamentals rather than politics.”

Fortune

Uzbekistan’s reserves climb to $75bn, gold dominates at 85%

Foreign reserves are well above IMF adequacy benchmarks, enough for 17 months of imports and four times short-term external debt. Authorities are keeping a gold-heavy mix while slowly adding US Treasuries and foreign deposits.

Euronews

Analysis: Will Big Tech's colossal AI spending crush Europe's data sovereignty?

Big Tech companies are going all in on AI development, raising their projected capital expenditure to over $700bn (€590bn) this year, an increase of roughly 75% compared to 2025.

Euronews

One tax still off the table as treasurer weighs reform

The International Monetary Fund report is calling for a hike in the GST and other tax changes, while praising the handling of Australia's economy.

AAP

The Russian economy is finally stagnating. What does it mean for the war – and for Putin?

A wartime boom in Russia has given way to sluggish growth, tax hikes and squeezed public services. Will it affect the conflict in Ukraine?

The Guardian - UK

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Times Life

Is India Overtaking the US in Economic Influence? Elon Musk Thinks So

When Elon Musk commented “The balance of power is changing” on a chart comparing global economic growth, it triggered a sharp global reaction. The question many began asking was simple yet provocative: Is India now economically stronger than the United States? The short answer is nuanced. India has not overtaken…

MyLifeXP

Why Elon Musk Says the World’s Economic Power Is Quietly Moving to India

When Elon Musk wrote four simple words, “The balance of power is changing,” he reflected a deep and measurable global transition. According to IMF projections for 2026, India is set to contribute a larger share to global economic growth than the United States. This shift is not sudden or symbolic.…

Fortune

China's export-led growth is looking more and more unsustainable while a real estate crash and reeling consumers fuel deflationary spiral

"China’s growth model is becoming increasingly difficult to sustain."

Radio France Internationale

Africa poised to outgrow Asia for first time amid youth boom

Africa’s growth could outpace Asia’s for the first time in 2026, figures from the International Monetary Fund (IMF) suggest, as the continent’s population continues to rise fast.

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Fortune

BRICS could become a new pillar of global governance—if its rapid growth doesn't erode its newfound clout

Enlargement may look pretty on paper, but BRICS needs ground rules, enforcement, and even just a common message.

The Times of India

'Feel ashamed begging for money': Shehbaz Sharif, Asim Munir 'quitely' visited countries to save Pakistan's economy

Pakistan's prime minister Shehbaz Sharif revealed a difficult truth. He and Army Chief Asim Munir sought billions in loans from friendly nations. This was done quietly to bridge the country's external financing gap. Sharif acknowledged the compromises involved in seeking such aid. China was a key supporter. Pakistan has a…

Fortune

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

TechRadar

'You shouldn't worry as much about AI taking your job as you should worry about someone who's very good using AI taking your job': Cisco CEO says effects of AI will cause "carnage" in the jobs market

Cisco CEO says "carnage" will hit future labor markets, IMF MD likens AI to a "tsunami" that will change how we see work.

Fortune

AI productivity gains are making the rich richer, and they'll wipe out jobs—but the IMF chief sees a silver lining for low-wage workers

Kristalina Georgieva sees an economic spillover effect brewing.

Fortune

An AI ‘tsunami’ is coming for young workers, IMF chief warns

Kristalina Georgieva is worried about Gen Z and the middle class: “This is moving so fast, and yet we don’t know how to make it safe [and] inclusive.”

The Guardian - UK

Young will suffer most when AI ‘tsunami’ hits jobs, says head of IMF

Kristalina Georgieva says research suggests 60% of jobs in advanced economies will be affected, with many entry-level roles wiped out

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