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IMF says China's focus on short-term targets puts mid-term growth at risk

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BEIJING China's short-term growth outlook has strengthened but there is growing risk of a sharp medium-term adjustment due to reliance on stimulus to meet targets and a credit-expansion path that may be "dangerous", the International Monetary Fund said on Tuesday.

Hot and cold: Euro zone grows but inflation slows

BRUSSELS Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation figures could throw cold water on ECB plans to start tightening policy.

Budget 2017, Business, Economy, 31 Jul 2017

IMF says dollar overvalued; euro, yen, yuan broadly in line with fundamentals

WASHINGTON The International Monetary Fund on Friday said that the U.S. dollar was overvalued by 10 percent to 20 percent, based on U.S. near-term economic fundamentals, while it viewed valuations of the euro, Japan's yen, and China's yuan as broadly in line with fundamentals.

Budget 2017, Business, Economy, 28 Jul 2017

Global Economy: Hot and cold - Euro zone grows but inflation slows

BRUSSELS Data in the coming week should confirm the euro zone economy is running hot, after the IMF upgraded growth forecasts and Greece returned to the debt market, although inflation figures could throw cold water on ECB plans to start tightening policy.

Economy, Budget 2017, Business, 28 Jul 2017

IMF sees negligible rise in costs from moving London clearing after Brexit

BRUSSELS The International Monetary Fund said on Tuesday that it foresaw only a modest increase in transaction costs if clearing and other financial activities are moved from the City of London to the European Union after Brexit.

Budget 2017, Business, 25 Jul 2017

IMF says ECB should maintain stimulus, calls for end are 'premature'

BRUSSELS The European Central Bank should maintain a "firmly accommodative" monetary policy for an "extended period", the International Monetary Fund said on Tuesday, as it forecast inflation remaining below target.

Budget 2017, Business, 25 Jul 2017

IMF keeps global growth forecasts; China, eurozone revised higher

KUALA LUMPUR The International Monetary Fund on Monday kept its growth forecasts for the world economy unchanged for this year and next, although it slightly revised up growth expectations for the eurozone and China.

Economy, Budget 2017, Business, 24 Jul 2017

New Sri Lanka tax bill aims to widen tax net, cut indirect taxes

COLOMBO Sri Lanka's new tax bill, demanded by the IMF as a condition for a third tranche of aid disbursed this week, will seek to ensure that all citizens pay direct taxes and cut indirect taxes, top finance ministry officials said on Friday.

IMF sees trouble ahead for emerging Europe

DUBROVNIK, Croatia Emerging Europe is facing increasing economic stresses that threaten to unwind some of the political progress made over the of past decades, a top International Monetary Fund official said on Tuesday.

Budget 2017, Business, Economy, 11 Jul 2017

WTO, IMF, World Bank chiefs call for G20 trade openness

GENEVA The heads of the World Trade Organization, World Bank and International Monetary Fund called on Thursday for G20 leaders to agree actions to reinvigorate trade and support workers.

Budget 2017, Business, 06 Jul 2017