Quarter of a million people could lose their jobs by 2027 as UK ‘flirts with recession’ The job market will endure its ‘biggest hit since the pandemic’ The Independent UK · Apr 19
The explosion of U.S. debt is wiping out the 'safety premium' of Treasury bonds, and time is running out for an orderly fiscal solution, IMF warns “In other words, Treasuries now offer a higher yield than the synthetic-dollar equivalents for hedged G10 sovereign bonds.” Fortune · Apr 19
Charting the Global Economy: IMF trims world growth projections The International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has caused a significant oil price shock. The IMF also anticipates higher inflation due to rising energy and food costs. The Economic Times · Apr 19
Which European countries will be the richest by 2030? IMF projections show significant increases in GDP per capita in euro terms across Europe by 2030, but the rankings do not change significantly in terms of purchasing power. Euronews · Apr 19
Reeves rightly fears the bond market, but she can afford to ditch one unhelpful rule The chancellor has wisely vowed to drive down the annual deficit, but long-term defence investment must not be delayed The Guardian - UK · Apr 18
Central bank bosses enlist for war game to gauge threat of Lehman-style bust Finance chiefs to join exercise in Washington designed to assess how they would handle collapse of significant bank The Guardian - UK · Apr 18
‘It’s a twilight zone’: Iran war casts deep shadows over IMF gathering in Washington Rachel Reeves joins global finance chiefs in highlighting how households and businesses are feeling the pain of higher energy prices The Guardian - UK · Apr 18
Euro Zone Inflation Risks Escalate As ECB Signals Persistent Price Pressures The European Central Bank is facing renewed scrutiny over its inflation outlook as new signals point to lingering price pressures across services and energy-sensitive sectors. International Business Times · Apr 17
Rachel Reeves to raise windfall tax on low-carbon electricity generators Chancellor aims to curb households’ rising bills as she consults on reforms to weaken link between gas and electricity prices The Guardian - UK · Apr 17
IMF, World Bank Resume Contact With Venezuela In Further Recognition Of Interim Government The International Monetary Fund (IMF) and the World Bank announced they resumed engagement with Venezuela, a development that could pave the way for the country to receive international funding the first time in several years. International Business Times · Apr 17
Venezuela and EU set out roadmap for renewed ties amid political thaw Following talks in the Venezuelan parliament, Caracas and the EU have agreed on a new cooperation agenda. The shift aligns with a broader economic pivot, as the nation resumes ties with the IMF and the World Bank. Euronews · Apr 17
The IMF enjoys preferred creditor status: why it shouldn’t be the judge when it comes to other lenders The International Monetary Fund (IMF) should not be an arbiter of discussions about which other multilateral financial institutions should qualify for preferred creditor status. This is because the IMF is a direct beneficiary of the creditor hierarchy policy. The Conversation · Apr 17
Stock Index Futures Gain on Hopes for U.S.-Iran Deal, Netflix Sinks on Disappointing Guidance June S&P 500 E-Mini futures (ESM26) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.20% this morning as investors take on more risk amid mounting speculation that a deal to end the war between the U.S. and Iran is drawing closer. Barchart · Apr 17
Cuts to overseas aid will worsen shocks to global economy, David Miliband says Exclusive: Former UK foreign secretary says poor and rich countries alike will be hit amid humanitarian crisis sparked by Iran war The Guardian - UK · Apr 17
The Guardian - AU · Apr 17 Ukraine war briefing: €90bn EU loan for Ukraine to be released in second quarter EU economy commissioner says Iran war is feeding Russia’s war machine; Trump condemns massive strikes on Ukraine. What we know on day 1,514
Fortune · Apr 16 A world going broke: IMF says America's $39 trillion national debt is actually a global problem—and AI may be the only rescue Global public debt is barreling toward 100% of world GDP, the fund warned Wednesday. Governments everywhere are spending money they don’t have.
The Guardian - UK · Apr 16 Rachel Reeves warns other budgets may be cut to lift defence spending Chancellor says she is ‘working through a range of options’ to boost the armed forces but does not want to put up taxes
The Guardian - AU · Apr 16 Wall Street seems to have decided the recession risk is over. Can the Australian market do the same? Experts say US market ‘may have run ahead of itself’ while ASX 200’s more modest recovery is due in part to Australia’s reliance on fuel imports
International Business Times · Apr 16 IMF Warns Rising War Costs Are Forcing Governments Into Tough Budget Trade-offs Budgets around the world are under renewed strain as defense needs climb faster than revenues in several major economies, IMF data shows.
Euronews · Apr 16 S&P 500 and Nasdaq hit new all-time highs despite Iran war effects The S&P 500 and the Nasdaq closed at record highs on Wednesday despite the Iran war dragging on, the Strait of Hormuz remaining largely blocked and global economic growth forecasts being cut amid rising inflation.
The Independent UK · Apr 16 Bank of England chief warns of ‘difficult judgements’ around changes to interest rates Rates sit at 3.75% but a vote is incoming at the end of April
Evening Standard · Apr 16 Bank will not rush into moving rates despite ‘big energy shock’, says Bailey The Bank of England boss said the energy shock will push up prices across the world.
Times Life · Apr 16 India Is No Longer In The Top 5, But Experts Still See A Top 3 Economy Ahead That sounds like a setback, but the actual story is more complex than a simple “India fell behind.” The ranking is based on nominal GDP in US dollars, not domestic purchasing power or local-currency growth. So a country can keep growing at home and still fall in the global table…
The Guardian - UK · Apr 16 IMF chief Georgieva warns ‘everyone will feel the impact’ of energy price shock, as UK growth beats forecasts – as it happened There will be flight cancellations ‘soon’ if oil supplies are not restored in coming weeks, says head of IEA
The Conversation · Apr 16 The Middle East crisis has exposed NZ to a global fertiliser shock. Where is its plan? New Zealand and Australia like to think of themselves as food powerhouses.