Displaying items by tag: IMF
IMF reports global economic growth remains stagnant
According to the International Monetary Fund, the global economy continues to show remarkable resilience to growth, as inflation remains steady and is not declining nearly as fast as it increased.
IMF: Inflation in El Salvador is expected to reach 1.7 points by 2024 and 2025
The International Monetary Fund, in its latest update of data regarding world inflation, places El Salvador in an inflationary decrease of 1.7 points, being the lowest in Central America.
IMF forecasts national economic growth of 3%.
The International Monetary Fund (IMF) has adjusted its growth estimates for El Salvador and now expects the country's economy to grow 3% by the end of 2024, reflecting the current dynamism of the salvadoran economy and approaching the 3.5% to 4.0% range projected by the Banco Central de Reserva.
IMF puts bitcoin as a "key element" in its negotiations with El Salvador
According to a report by EFE news agency, the International Monetary Fund (IMF) said thursday that addressing the risks derived from bitcoin, the official currency in El Salvador, is a "key element" of the talks it is having with the government of salvadoran President Nayib Bukele for an economic agreement.
Economic growth in Latin America and the Caribbean of 1.9% in 2024 and 2.5% in 2025 according to the IMF
The International Monetary Fund (IMF) in its latest economic projections report 2024 places Latin America and the Caribbean with a growth of 1.9% in 2024, and an increase of up to 2.5% in 2025, which implies a reduction for 2024 of 0.6 percentage points with respect to the report's projection in 2023.
World debt and its abysmal increase in 2024
Global public debt is expected to reach a staggering US$97.1 trillion by the end of this year, a significant increase over the pre-pandemic level.
Inflation outlook remains high according to IMF
Near-term inflation expectations rose sharply in many economies amid the post-pandemic economic recovery and large cost shocks in 2022 (from surprise energy and commodity price hikes and supply chain disruptions).
The country is in a low growth and labor productivity trap
In the first presentation of the Economist Week 2023, which is called "Economic Productivity in El Salvador", the President of the Colegio de Profesionales en Ciencias Económicas (COLPROCE), Oscar Cabrera, explained that El Salvador is in a trap of low growth and low levels of labor productivity.
Fiscal policy can facilitate the task of central banks in Latin America: IMF
According to International Monetary Fund (IMF) projections, growth in Latin America will slow from a remarkable 4% in 2022 to 1.6% this year.
El Salvador must reestablish financial stability buffers: IMF
According to the International Monetary Fund (IMF), explained in its mission inside the salvadoran nation that the country's banking sector remains healthy, but timely measures are required to reestablish financial stability buffers.