“We are seeing the materialization of the threats that we talked about in April,” Pierre Olivier Gourinchas, director of the IMF’s research department, told reporters in Washington. According to him, not having time to recover from the pandemic, the global economy is
The world economy will grow less than expected this year, mainly due to a slowdown in the world’s two biggest economies i.e. the United States and China, while global inflation will be higher and more persistent, according to the latest forecasts from
When Janet Yellen, the US Treasury Secretary, suggested in April this year that it was time to impose a global corporate tax on multinationals to end the ‘race to the bottom’, very few would have said that matters would move ahead with
