CHENGDU, CHINA: Finance ministers from the world's biggest economies warned of global uncertainty from Britain's looming departure from the European Union, as they gathered in China on Sunday (Jul 24). Just three months ago, G20 government representatives and central bank chiefs … [Read more...] about G20 nations warn of Brexit risk to global growth
Global growth fund
Inequality, low wages weaken global growth: IMF official
A hollowing out of the middle class in advanced economies like the U.S., amid weak wage growth and rising inequality, is holding back global growth, a senior IMF official said Monday. Tao Zhang, the International Monetary Fund's deputy managing director, said the … [Read more...] about Inequality, low wages weaken global growth: IMF official
IMF cuts global growth forecast, warns of stagnation risk
The Fund, whose spring meetings along with the World Bank will be held in Washington this week, forecast that the global economy would grow at 3.2 percent in 2016 compared to its previous forecast of 3.4 percent in January. In its latest World Economic Outlook, the Fund warned of … [Read more...] about IMF cuts global growth forecast, warns of stagnation risk
Growth Fund II LP raises almost US$40 million
HCM CITY (Biz Hub) — The SSI Asset Management Company announced on Monday it had raised US$39.4 million for its DAIWA-SSIAM Vietnam Growth Fund II L.P from both foreign and local investors. A portion also came from the Saigon Securities Inc. and Japan's Daiwa Corporate … [Read more...] about Growth Fund II LP raises almost US$40 million
IMF head warns of weaker global growth
The head of the International Monetary Fund has warned global growth is likely to be weaker this year than last. Christine Lagarde also said she expected there would be only a modest acceleration in 2016. And she warned there could be an economic "vicious cycle" caused by … [Read more...] about IMF head warns of weaker global growth