US RESCUE PACKAGE WOULD INCREASE GROWTH IN US ECONOMY BY 2% POINTS NEXT YEAR: IMF OFFICIAL

Highlights

• A US rescue package on the order of previous $2.2 trillion CARES ACT would increase growth in the world’s biggest economy by two percentage points next year, over the 3.1 percent GDP rise currently forecasted said Gita Gopinath

• As per the latest ...

Amid economic slowdown, IMF calls for urgent action by India

On Monday, the International Monetary Fund (IMF) said that to reverse the economic slowdown of an economy that has been one of the engines of global growth, the Government of India must take steps quickly.

In the annual review, the IMF stated that falling tax revenue with declining inve...