Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the 2024 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington DC, United States...
Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world's busiest shopping districts.Nikada | E+ | Getty ImagesThe International Monetary Fund on Tuesday slightly raised its global growth forecast, saying the economy had proven "surprisingly resilient"...
U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024.Elizabeth Frantz | ReutersThe U.S. economy could be headed for stormy waters in 2025 if the Federal Reserve does not...
Container ships from international trunk lines, including those from Europe, Africa, India, Pakistan, and Southeast Asia, are loading and unloading containers at the container terminal of the Qianwan Port Area of Qingdao Port in Qingdao, China, on April 4, 2024. Nurphoto | Getty ImagesThe World Trade Organization on Wednesday said...
Mohamed Aly El-Erian, chief economic advisor for Allianz SE. Bloomberg | Getty ImagesThe U.S. Federal Reserve has become too data dependent and has lost sight of its overall strategy, Mohamed El-Erian, chief economic adviser at Allianz, said Friday.The economist told CNBC that a longer-term, more strategic outlook could see policymakers...
Terry Vine | Getty ImagesFalling fertility rates are set to spark a transformational demographic shift over the next 25 years, with major implications for the global economy, according to a new study.By 2050, three-quarters of countries are forecast to fall below the population replacement birth rate of 2.1 babies...
Mannequins display men's suits inside a Hugo Boss showroom.Bloomberg | Bloomberg | Getty ImagesShares of Hugo Boss plunged 18%, before paring losses slightly Thursday, after warning that it may fail to meet its 2025 sales target amid weakening consumer demand.The German high-end fashion brand was on course for its...
Supply chain disruptions are causing a production backlog at the world's largest truckmaker, Daimler Trucks.Bloomberg | Getty ImagesShares of Daimler Truck hit a fresh all-time high Friday, spiking more than 13.5% in early deals, after posting record full-year profit and announcing a 2 billion euro ($2.16 billion) share buyback...
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty ImagesThe Bank of England is likely to hold interest rates higher for longer before slashing them sharply more than expected in the second...
Pro-EU demonstrators protest outside Parliament against Brexit on the fourth anniversary of Britain's official departure from the European Union in London, United Kingdom on January 31, 2024.Future Publishing | Getty ImagesLONDON — Post-Brexit Britain has "significantly underperformed" other advanced economies since the 2016 EU referendum, according to new analysis...