Category: World Bank

Warsh Vows Price Stability as A.I. Delivers ‘Shock’ to Economy

The New York Times – Business:
The Federal Reserve chairman said technological change was complicating the outlook for central banks as policymakers grapple with persistent inflation risks.
I.M.F. Warns Mideast War Will Widen Gap Between Rich and Poor Countries

The New York Times – Business:
Persistent conflicts, high energy costs and technological upheavals will slow global growth and raise prices, the organization forecast.
World Bank Courts Private Financing Amid Global Debt Burden

The New York Times – Business:
The World Bank president, Ajay Banga, has worked to make the development institution a magnet for private capital as donor nations face budget constraints.
Hoarding Is Driving Energy Prices Higher Everywhere

The New York Times – Business:
As wealthy nations scramble to secure stocks of oil, the result is higher prices for all and shortages in vulnerable countries.
Bessent Questions the Cause of Climate Change and Its Economic Toll

The New York Times – Business:
The Treasury secretary said it is “difficult to deconstruct” the reasons for global warming, which he described as a belief of the “elite.”
I.M.F. Says Iran War Will Drag Global Growth Lower

The New York Times – Business:
Kristalina Georgieva, the head of the International Monetary Fund, said the war in the Middle East could lead to another bout of inflation and higher interest rates.
As Debt Piles Up, Countries See Fiscal Relief as Political Leverage

With developing nations crushed by unaffordable borrowing and Washington on the sidelines, some leaders are brokering debt forgiveness deals.
World Bank Forecast Underscores Cost of U.S. Trade War

Along with a sharply downgraded projection for global output this year, it urged a “course correction” on trade to help preserve living standards.
Global Economic Leaders Gathering in U.S. Confront Trump’s New World Order

The I.M.F. and World Bank are holding their spring meetings as President Trump’s trade war upends the global economy.
For Syria’s Economy, the Way Forward Starts With Sanctions Relief

Years of strife ruined the energy sector, battered the currency and strangled growth. The West must ease financial controls to help the economy, experts say.
Steven Madden C.E.O. Says It Is Moving Production Out of China

The prospect of higher tariffs under President-elect Trump spurred the company to accelerate its plan to shift where its shoes are made.
I.M.F. Says Inflation Fight Is Largely Over but Warns of New Threats

The International Monetary Fund said protectionism and new trade wars could weigh on growth.