El Salvador will reportedly dial back its bitcoin ambitions to secure a loan from the IMF
Crypto-friendly El Salvador could end a mandate requiring businesses to accept bitcoin as payment, sources told The Financial Times.
IMF
The IMF just raised its growth forecast for the US economy this year — but expects a slowdown in 2025
The International Monetary Fund projected US growth of 2.8% this year, falling to 2.2% in 2025, but upgraded other countries' forecasts on AI demand.
Global government borrowing is set to top $100 trillion — and shows no signs of slowing down
Broader support for more public spending, resistance to tax hikes, and spending pressures have driven public debt to record levels, the IMF said.
'Plenty of reasons to worry': A former IMF official shares 5 reasons the chances of a recession are 'very high' — and warns the Fed should have cut rates already
"If just one or two of those risks trigger, it could be really tough," says AEI's Desmond Lachman.
The IMF slams the US with urgent warnings over its debt, deficits, and trade barriers
While the IMF touted "remarkable" US growth, Washington needs to urgently address stability issues in its economy, it said.
The IMF's chief is sounding the alarm, says the AI revolution is striking the job market 'like a tsunami'
"We have very little time to get people ready for it, businesses ready for it," said IMF chief Kristalina Georgieva.
The US's blowout debt burden is one piece of a global problem, IMF warns
"Loose fiscal policy in the United States exerts upward pressure on global interest rates and the dollar," the IMF's Vitor Gaspar said.
Welcome to the 'tepid twenties,' a decade of sluggish growth and rising debt, IMF chief says
"Inflation is not fully defeated. Fiscal buffers have been depleted. And debt is up," Kristalina Georgieva said in a speech.
Huge growth in an 'opaque' corner of global finance could be a risk to broader market stability, IMF warns
"The migration of this lending from regulated banks and more transparent public markets to the more opaque world of private credit creates potential risks."
China's housing bust is happening at 'a historically rapid pace' only seen in the worst collapses of the last 3 decades
Housing starts have plunged by more than 60% compared to pre-pandemic levels and more pain is still to come, researchers at the IMF said.
The US economy is crushing it compared to other rich countries
US economic growth beat expectations in the fourth quarter, and it's outpacing most of the world's wealthiest countries.
Vladimir Putin's war with Ukraine is boosting Russia's economy, IMF says
The IMF now expects Russia's GDP to more than double to 2.6% this year and flagged "high military spending" as one factor driving the expansion.
US commercial real estate is suffering one of the steepest price declines in at least half a century, IMF warns
US commercial real estate is undergoing a striking level of price decline, the International Monetary Fund says.
AI will be bad news for plenty of workers, warns IMF chief
Kristalina Georgieva told the World Economic Forum in Davos about the risks of AI, which could also lead to more layoffs this year.
AI will affect about 40% of global jobs: IMF
"In most scenarios, AI will likely worsen overall inequality," said IMF Managing Director Kristalina Georgieva.
The dollar's dominance is continuing to slip
IMF data showed the greenback's share of global central bank reserves dipped to 59.2% in the third quarter from 59.4% in the prior quarter.
Taking dollarization to the next level: Here's a look at countries using the greenback as local currency
Argentina's election of dollarization candidate Javier Milei puts it a step closer to adopting the greenback, joining these other countries.
China and the US risk entering a 'new cold war' as trade and investment ties strain, IMF official says
The world's two biggest economies could diverge further in the coming years, but it would be in the best interest of both to maintain ties, she said.
The Pakistani rupee has plunged after soaring as the world's top performing currency. What happened?
After a brief spike last month, Pakistan's rupee is on track to be the worst performing Asian currency this year.
Argentina used Chinese yuan for part of its payment to the IMF as US dollars remain scarce
To meet maturity payments on its $44 billion debt deal with the IMF, Argentina has previously tapped its currency swap line with China.