Free Trial
USDCAD TECHS

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

MNI: IMF Tells G20 Things Are Getting Worse, Keep Tightening

(MNI) OTTAWA

Europe and China appear more vulnerable in fourth quarter, IMF tells G20 leaders.

The IMF said G20 leaders should keep tightening fiscal and monetary policy to get inflation back under control even as the global economy shows more signs of tilting into recession.

"Recent high-frequency indicators confirm that the outlook is gloomier," than a month ago when the IMF cut its 2023 growth forecast to 2.7% and said nations accounting for a third of global output will contract this year or next. The blog post by Tryggvi Gudmundsson also said Europe especially is showing weakness in the fourth quarter and China is struggling with Covid restrictions and troubles in real estate.

Keep reading...Show less
173 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

The IMF said G20 leaders should keep tightening fiscal and monetary policy to get inflation back under control even as the global economy shows more signs of tilting into recession.

"Recent high-frequency indicators confirm that the outlook is gloomier," than a month ago when the IMF cut its 2023 growth forecast to 2.7% and said nations accounting for a third of global output will contract this year or next. The blog post by Tryggvi Gudmundsson also said Europe especially is showing weakness in the fourth quarter and China is struggling with Covid restrictions and troubles in real estate.