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- China could see a sharp recovery in economic growth from the second quarter onwards based on current infection trends after the dismantling of most COVID-19 restrictions, IMF Deputy Managing Director Gita Gopinath said on Wednesday. Speaking to Reuters on the sidelines of the World Economic Forum in Davos, Gopinath also reiterated the Fund's calls for nations to avoid a descent into protectionism. She hailed China's reopening as a positive sign, alongside indications it was ready to re-engage with the world.
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US inflation hasn't 'turned the corner yet' so the Fed should stick with interest-rate hikes, a top IMF official says
Gita Gopinath, a top IMF official, told the FT the Fed should pursue its interest rate hikes until there was a "very definite, durable decline in inflation."Thanks for your feedback!
U.S. inflation battle is not yet won, says top IMF official: ‘It’s clear we haven’t turned the corner yet’
The IMF’s second-in-command is backing the Fed in its fight against inflation, advising Jerome Powell to “stay the course” with rate hikes.Thanks for your feedback!
Forget peak U.S. interest rates for a minute, markets already want to know when the Federal Reserve will start making cuts -- later this year, if money market futures are to be believed. Any upcoming data, therefore, should be viewed in the context of that debate and the pushback investors are likely to get from Fed officials. Indeed, minutes from the Fed's December meeting, released on Wednesday, cautioned against expectations for late-year rate cuts that traders have priced in.Thanks for your feedback!
The IMF's second-in-command said inflation has not "turned the corner yet" and Fed was correct to emphasize it would “maintain restrictive monetary policy.”Thanks for your feedback!
Inflation in the United States has not "turned the corner yet" and it is too early for the Federal Reserve to declare victory in the fight on rising prices, a top IMF official said in an interview with the Financial Times on Thursday. Gita Gopinath, a deputy managing director of the Fund, urged the U.S. central bank to press ahead with rate rises this year. She said it was important for the Fed to "maintain restrictive monetary policy" until a "very definite, durable decline in inflation" wasThanks for your feedback!
Gita Gopinath, a deputy managing director of the Fund, urged the U.S. central bank to press ahead with rate rises this year. She said it was important for the Fed to "maintain restrictive monetary policy" until a "very definite, durable decline in inflation" was evident in wages and industries not related to food or energy. "If you see the indicators in the labour market and if you look at very sticky components of inflation like services inflation, I think it's clear that we haven't turned thThanks for your feedback!
Demand for goods produced in China has dropped in recent months, threatening to cut global economic growth and complicate attempts to combat global inflation.Thanks for your feedback!
The economic outlook for China is darker than had been expected, said Gita Gopinath, the No. 2 official at the International Monetary Fund on Tuesday.Thanks for your feedback!
The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector to restore confidence and reduce risks from a global economic slowdown and high energy prices. In a statement following virtual meetings for its annual review of China's economic policies, the IMF said it was maintaining GDP growth forecasts issued in October. "Although the zero-COVID strategy has become nimbler over time, the combination ofThanks for your feedback!
The biggest challenge facing central bankers now is bringing inflation down, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday, as her deputy warned of the growing risk of economic fragmentation. Georgieva told a conference in Washington that policymakers should adopt targeted measures to alleviate rising food and fuel prices, while avoiding steps that could fuel inflation or sidetrack monetary policy. First Deputy Managing Director Gita Gopinath, speaking atThanks for your feedback!