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IMF cuts 2017, 2018 Philippine GDP forecasts

Aug 09, 2017 - 2:25 PM

The multilateral lender cuts its Philippine economic growth forecast to 6 6 for 2017 and 6 8 for 2018 but remains optimistic about the country s economy

REMAINS OPTIMISTIC. Despite a downgrade in forecasts, International Monetary Fund says it is still 'very optimistic about growth in the Philippines.' Rappler file photo

Greece, creditors look to debt relief after provisional fiscal deal

May 02, 2017 - 12:39 PM

3rd UPDATE Greece reaches a preliminary deal with its creditors that should pave the way for long awaited debt relief talks the Greek finance minister says

A woman stands by European Union and Greek flags in central Athens on April 21, 2017. Louisa Gouliamaki/AFP

IMF's Lagarde 'optimistic' about U.S. economy

Feb 12, 2017 - 7:25 PM

Christine Lagarde predicts tax reform and more investment in infrastructure are both likely under US President Donald Trump

International Monetary Fund (IMF) managing director Christine Lagarde attends a session at the Congress centre on the second day of the World Economic Forum, on January 18, 2017 in Davos. With the world's elite holding its breath until Donald Trump becomes the next US president, outgoing Vice-President Joe Biden addresses the World Economic Forum in Davos / AFP PHOTO / FABRICE COFFRINI

IMF says Greece debt 'explosive' in long term

Jan 28, 2017 - 10:49 AM

The pessimistic report though in keeping with the fund s repeated statements on the topic makes it more unlikely the IMF stays on the sidelines of any new European loan deal for Greece

A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. File photo by Jim Lo Scalzo/EPA

IMF chief Lagarde found guilty over French tycoon payment

Dec 19, 2016 - 11:07 PM

UPDATED A French court finds IMF head Christine Lagarde guilty of negligence over a massive state payout to a tycoon when she was French finance minister but she will continue to lead the fund

CHRISTINE LAGARDE. This file photo taken on December 12, 2016 in the courtroom at the Paris courthouse shows IMF chief Christine Lagarde next to a Gendarme prior to the start of her trial before the Court of Justice of the Republic, a special tribunal used to try ministers. Photo by Martin Bureau/ AFP

EU, IMF 'going in circles' on Greek debt relief

Dec 04, 2016 - 3:21 PM

Eurozone finance ministers meet Monday December 5 as far apart as ever on the debt relief measures demanded by the International Monetary Fund IMF for it to back their bailout program for Greece

A man withdraws cash from an ATM machine in Athens on July 19, 2016. Kostis Ntantamis/AFP

Debt mountain, weak banks imperil global economy – IMF

Oct 06, 2016 - 7:00 PM

High debt levels are costly as they often end up in financial recessions that are deeper and longer than normal recessions warns IMF Fiscal Affairs Department chief Vitor Gaspar

A man withdraws cash from an ATM machine in Athens on July 19, 2016.  The European Union and Greece hope to reach a deal on the crisis-hit country's debt mountain by the end of the year, EU economic affairs chief Pierre Moscovici said on July 18. An upcoming review of the Greek bailout in the autumn will include bad bank loans and a labour relations overhaul likely to cause social unrest. / AFP PHOTO / Kostis Ntantamis

World powers 'misuse' World Bank, IMF – BRICS bank exec

Oct 06, 2016 - 4:40 PM

The BRICS would not have gone so far as to create their own development bank if they were fully satisfied with the existing institutions says Paulo Nogueira Batista vice president and chief risk officer at the New Development Bank

This IMF handout photo shows International Monetary Fund Managing Director Christine Lagarde (C) joins John Chambers (R), Chairman of the Board, Cisco Systems; Leila Janah (2nd R) Founder and CEO of Sama and Laxmi; Ray Kurzweil (2nd L), author, inventor and futurist and Hilda Moraa (L), Founder, Weza Tele and Fintech as they talk at a Seminar on Technology, Innovation, and Inclusive Growth at the 2016 IMF/World Bank Annual Meetings October 5, 2016 at the IMF Atrium Headquarters in Washington, DC. / AFP PHOTO / IMF / STEPHEN JAFFE / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / IMF/STEPHEN JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

IMF warns of protectionist threat to global growth

Oct 05, 2016 - 11:30 AM

The International Monetary Fund cuts its economic outlook for the United States but upgrades those for Japan and the eurozone

This IMF handout photo shows International Monetary Fund Economic Counsellor Maurice Obstfeld as he answers questions during the World Economic Outlook Press Conference at the IMF Headquarters during the 2016 IMF/World Bank Annual Meetings October 4, 201 in Washington, DC. / AFP PHOTO / IMF / Stephen Jaffe / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /IMF/Stephen JAFFE" - NO MARKETING NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS

IMF's Lagarde warns G20 to avoid 'low-growth trap'

Sep 02, 2016 - 12:00 AM

UPDATED Not since the early 1990s has the world economy been so weak for such a long time says the International Monetary Fund s Christine Lagarde

International Monetary Fund Managing Director Christine Lagarde speaks at the Center for Global Development in Washington, DC, July14, 2016, marking the 15th anniversary of the Center. / AFP PHOTO / JIM WATSON

New Greek bailout finds IMF in a political bind

Aug 02, 2016 - 3:00 PM

If the International Monetary Fund bails Greece out again some will surely see Europe s hand pulling the strings

epaselect epaselect epa04845996 An old man stands outside a shop selling Greek and European flags in central Athens, Greece 14 July 2015. Greece's deal with its creditors keeps the country in the European Union, Prime Minister Alexis Tsipras said after eurozone leaders agreed to a new bailout programme. EPA/YANNIS KOLESIDIS

Internal auditor hits IMF handling of 2010 Greece bailout

Jul 28, 2016 - 11:24 PM

An independent probe into the IMF s handling of European bailouts finds that it bent its rules and was vulnerable to political pressure as it embarked on the ill fated 2010 Greece rescue

A file photo dated May 18, 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. Jim Lo Scalzo/EPA

Brexit is risk to global growth, says G20

Jul 24, 2016 - 1:10 PM

3rd UPDATE But G20 finance chiefs say their countries are well positioned to proactively address the potential economic and financial consequences of Britain s decision

epa05438652 G20 Finance Ministers and Central Bank Governors pose for a group photo during a conference in Chengdu, Sichuan Province, China, 24 July 2016. Finance Ministers and Central Bank Governors of the 20 most developed economies met in the southwestern city of Chengdu ahead of a G20 leaders meeting in September hosted by China. EPA/NG HAN GUAN/POOL

Brexit to drag on global growth through 2017 – IMF

Jul 19, 2016 - 10:50 PM

The International Monetary Fund now predicts global economic growth to be 3 1 this year and 3 4 in 2017

epaselect epa05387297 An investor looks at an electronic screen showing stock market movements at a securities brokerage house in Beijing, China, 24 June 2016. Chinese mainland markets traded lower, with the Shanghai composite down 0.95 percent and the Shenzhen composite down 0.10 percent in reaction to the British EU referendum. Britons in a referendum on 23 June have voted by a narrow margin to leave the European Union (EU). Media reports on early 24 June indicate that 51.9 per cent voted in favour of leaving the EU while 48.1 per cent voted for remaining in. EPA/HOW HWEE YOUNG

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

At start of 2nd term, Brexit crisis challenges IMF's Lagarde anew

Jul 07, 2016 - 8:45 PM

UPDATED The EU has to do a lot more to explain what it does what it means for people says International Monetary Fund chief Christine Lagarde

CHRISTINE LAGARDE. International Monetary Fund Managing Director Christine Lagarde at the Michel Camdessus Central Banking Lecture, at the IMF Headquarters in Washington, DC., USA, June 24, 2016. File photo by Stephen Jaffe/EPA

Emergency measure that feeds Greek crisis

Jul 03, 2016 - 12:35 PM

Overall the Greek economy which had begun growing again at the end of 2014 shrinks by 1 4 in the first quarter of 2016

Employees of the Greek largest retail chain, Marinopoulos, Carrefour's franchise partner in Greece and some Balkan countries, march towards the company's building after breaking into the company's premises in Southern Athens on June 29, 2016 after the company filed for protection from its creditors, under the threat of confiscations. Marinopoulos, Greece’s biggest supermarket chain, is on the verge of bankruptcy. Photo by Louisa Gouliamaki/ AFP

IMF warns the US over high poverty, inequality

Jun 23, 2016 - 1:00 PM

The International Monetary Fund lowers its outlook for economic growth in the United States where 46 7 million people are living in poverty

epa04263269 A homeless man, who did not want to identified, sits on a sidewalk in New York, New York, USA, 16 June 2014. A report released earlier this year showed that nearly half of of the city's population is living near poverty levels. EPA/JUSTIN LANE

IMF: Oil exporters must do more to balance budgets

Jun 09, 2016 - 3:40 PM

The International Monetary Fund says deep structural reforms are needed to create jobs for the growing labor force

epa05329527 (L-R) Bahraini Foreign Minister Sheikh Khalid bin Ahmed al-Khalifa, Kuwait's Foreign Minister Sheikh Sabah al Khalid al Sabah, Saudi Arabian Foreign Minister Adel al-Jubeir, Russian Foreign Minister Sergei Lavrov, Oman's Foreign Minister Yusuf bin Alawi bin Abdullah, Qatar's Foreign Minister Mohammed bin Abdulrahman bin Jassim al-Thani, UAE Minister of State for Foreign Affairs Anwar Gargash and Secretary-General of the Gulf Cooperation Council (GCC) Abdullatif bin Rashid Al Zayani pose during the family photo of the 4th meeting of the strategic dialogue Russia-Cooperation Council for the Arab States of the Gulf, or the Gulf Cooperation Council (GCC), in Moscow, Russia, 26 May 2016. EPA/SERGEI ILNITSKY

IMF says not recanting on neoliberalism, austerity

Jun 03, 2016 - 2:30 PM

Maurice Obstfeld the International Monetary Fund s top economist says an article by 3 other IMF economists was widely misinterpreted

IMF economists question faith in neoliberal doctrine

Jun 01, 2016 - 11:05 AM

Instead of delivering growth some neoliberal policies have increased inequality says 3 economists from the International Monetary Fund

epa04824587 (FILE) A file photo dated 18 May 2011 showing the logo of the International Monetary Fund (IMF) at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. Greece will not make the 1.6-billion-euro (1.8-billion-dollar) repayment due 30 June 2015 to the International Monetary Fund unless it strikes a deal in the coming hours with its creditors, Prime Minister Alexis Tsipras said in Athens as the deadline loomed. He implied that his left-wing government would resign if Greeks vote 'yes' in a planned 05 July referendum on a renegotiated bailout. The Greek vote is widely seen as deciding whether the near-bankrupt country stays in the eurozone. No country has left the currency bloc since its founding in 1999. EPA/JIM LO SCALZO

IMF: Greece still at long-term risk despite bailout deal

May 26, 2016 - 2:45 PM

The International Monetary Fund says it cannot add its loans to the bailout as long as there s still no detailed debt relief plan

epa04848890 The Greek flag is binded up with a parcel string to illustrate the topic 'bailout package' in Kaufbeuren, Germany, 16 July 2015. With the ECB having already said 16 July 2015 that it left its benchmark refinancing rate on hold at an historic low of 0.05 per cent, ECB has decided to boost emergency aid - namely the Emergency Liquidity Assistance (ELA) scheme - to Greece's crisis-hit banks after the parliament in Athens agreed overnight to a round of tough reforms. EPA/KARL-JOSEF HILDENBRAND

Greece in debt relief 'breakthrough' with eurozone, IMF

May 25, 2016 - 8:59 AM

UPDATED Analysts warn however that the details of the crucial deal are sketchy

An European Union and Greek flags fly in central Athens on July 4, 2015. Louisa Gouliamaki/AFP/File

IMF: Greece needs 'unconditional' debt relief from EU creditors

May 24, 2016 - 12:50 PM

The International Monetary Fund says creditors should fix interest rates on Greek debt at no more than 1 5

epa05323683 Demonstrators stage a rally in front of the Greek Parliament during a protest in Athens, Greece, 22 May 2016. The demonstration was called by trade unions to oppose an omnibus bill tabled by the government that includes the prior actions required by Greece's lenders to close the program review. EPA/ORESTIS PANAGIOTOU

Greek parliament approves new austerity measures to unlock bailout cash

May 23, 2016 - 12:48 AM

UPDATED The 7 000 page bill that raises the sales tax cap and introduces a contingency mechanism to slash spending further in case of budget overruns is passed thanks to the Syriza led coalition government s slim majority

G7 warns over global economy as currency row flares

May 22, 2016 - 7:00 AM

G7 finance ministers also oppose Britain s possible exit from the European Union as well as vow to clamp down on terrorist financing

epa05318873 Japanese Finance Minister Taro Aso (C) chairs the session one meeting of the G7 Finance Ministers and Central Bank Governors meeting at Akiu in Sendai, Miyai Prefecture, northern Japan, 20 May 2016. The G7 meeting is held 20 and 21 May 2016. EPA/KIMIMASA MAYAMA / POOL

Currency wars, fiscal stimulus rift in focus at G7 meeting

May 18, 2016 - 1:45 PM

Japan believes large scale stimulus spending is the way to spur global growth but Germany and Britain are not keen on the idea

epa04391995 A Tokyo money dealer is waiting for sell calls during trade in Tokyo, Japan, 09 September 2014, as the US dollar rises to the 106 yen low range, more than one yen from the previous day. Japanese finance minister Taro Aso showed on 09 September his concern about recent sharp currency moves of the US dollar, which is hitting the highest level in six years against the Japanese yen. EPA/KIMIMASA MAYAMA

IMF: Iran at 'pivotal moment' to rejoin global economy

May 18, 2016 - 11:30 AM

The IMF s David Lipton urges Tehran to take key steps including measures against money laundering and terror financing

epa05124621 Iranians go shopping at Tehrans old Bazaar, the place where the main economy trades take place, in Tehran, Iran, 25 January 2016. Reports state that Iranian officials expected the Iranian economy to grow on an average of eight percent over the coming five years following the lifting of sanctions against Iran. EPA/ABEDIN TAHERKENAREH

IMF's Lagarde unleashes stark UK economy Brexit warning

May 14, 2016 - 3:00 PM

Frankly in the very vast majority of what we have seen we haven t seen anything that is positive says Christine Lagarde

epa05303505 Christine Lagarde, Managing director of the International Monetary Fund (IMF), speaks during a joint news conference with Britain's Chancellor of the Exchequer George Osborne (unseen), at the H.M. Treasury in London, Britain, 13 May 2016. The IMF capped a week of warnings by heavy-hitting supporters of Britain staying in the European Union, all unanimous in their view of the dire consequences of a so-called Brexit. EPA/LUKE MACGREGOR / POOL

Philippine economy to top ASEAN-5 in 2016 – IMF

May 03, 2016 - 6:15 PM

Continued strong domestic demand will help the country offset risks from a volatile global market says the International Monetary Fund

China, Japan growth to slow sharply in 2016, IMF warns

May 03, 2016 - 5:00 PM

But overall economic growth in Asia will remain strong thanks to government stimulus measures lower commodity prices and low unemployment

epa05278074 A butcher works at his stall in a wet market in Shenzhen, Guangdong Province, China, 21 April 2016, in a photo issued 26 April 2016. China's economy growth slowed to 6.7 per cent in the first quarter of the year compared to the same period last year, Gross Domestic Product (GDP) figures released by the government showed on 14 April, EPA/FREDDY CHAN

IMF urges Gulf states to adapt to lower oil prices

Apr 25, 2016 - 5:45 PM

Given falling revenues from oil exports the International Monetary Fund says affected countries must cut spending and implement other measures

A lone gas flame is seen in the desert at Khurais oil field, about 160 km from Riyadh, Kingdom of Saudi Arabia, 23 June 2008. A top executive at Saudi Aramco said that the company's plans are on track for its Khurais project south of Riyadh which puts put 1.2 million barrels per day (bpd), Gulf Daily News reported. A statement said the project is valued at $10 billion and would be on time giving another major boost to capacity from the Khursaniyah oil field. The processing facility will handle oil from the Abu Jifan and Mazalij fields, as well as Khurais. EPA/ALI HAIDER

IMF, World Bank, UN, OECD unite to fight tax evasion

Apr 20, 2016 - 3:25 PM

The 4 organizations announce a joint platform for collaboration on tax issues

epa05259321 International Monetary Fund (IMF) Managing Director Christine Lagarde (R), Spanish Economy and Competitiveness Minister Luis de Guindos (2-R), French Finance Minister Michel Sapin (3-R), German Finance Minister Wolfgang Schaeuble (C), British Chancellor of the Exchequer George Osborne (3-L), Italian Finance Minister Pier Carlo Padoan (2-L), and OECD chief Jose Angel Gurria (L) participate in a press conference of the G5 Ministers of Finance and the Secretary General of the OECD 'Joint action against tax fraud and money laundering - transparency at the global level' at IMF Headquarters in Washington, DC, USA, 14 April 2016. The IMF/World Bank Spring meetings will take place in Washington, DC, on 15-17 April 2016. EPA/SHAWN THEW

IMF chief urges transparency to stop corporate tax avoidance

Apr 18, 2016 - 6:15 PM

Christine Lagarde says developing countries who rely the most on corporate income tax lose out to multinational firms

epa05264648 A handout photograph made available by the International Monetary Fund (IMF) showing International Monetary Fund Managing Director Christine Lagarde participates in the Fiscal Forum 2016 seminar at the IMF/World Bank Spring Meetings at the IMF Headquarters in Washington, DC, USA, 17 April 2016 The Spring meetings of the IMF and the World Bank Group take place in Washington, DC, between 15-17 April 2016. EPA/STEPHEN JAFFE / IMF / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Economic slump worries as IMF, World Bank pledge action

Apr 17, 2016 - 5:05 PM

International Monetary Fund Managing Director Christine Lagarde: Clearly the question is how much is going to get done?

epa05262305 A handout photograph made available by the International Monetary Fund (IMF) showing International Monetary Fund (IMF) Managing Director Christine Lagarde (C) speaking to members of the International Monetary and Financial Committee (IMFC) at the IMF Headquarters in Washington, DC., USA, 16 April 2016 The Spring meetings of the IMF and the World Bank Group take place in Washington, DC, between 15-17 April 2016. EPA/STEPHEN JAFFE / IMF / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Greece says 'close' to deal with creditors

Apr 13, 2016 - 8:44 AM

Greece says it is very close to clinching a deal with its international creditors despite a suspension in a tough round of talks on the country s latest reforms

European Union and Greek flags fly in central Athens on July 4, 2015. Louisa Gouliamaki/AFP

Worried IMF cuts world growth forecast, warns over Brexit

Apr 12, 2016 - 9:17 PM

UPDATED The IMF says economic activity has been too slow for too long and calls for immediate action to shore up growth

A file photo dated 18 May 2011 showing the sign of the International Monetary Fund at the entrance of the Headquarters of the IMF, also known as building HQ2, in Washington, DC, USA. Jim Lo Scalzo/EPA

IN PHOTOS: Kanye West, Wiz Khalifa thrill PH crowd at Paradise International Music Festival

Apr 11, 2016 - 11:33 AM

Paradise International Music Festival headliners Kanye West and Wiz Khalifa play amazing sets alongside Austin Mahone 4th Impact Up Dharma Down Rudimental Itchyworms and more

Photos by Stephen Lavoie/Rappler

LOOK: Kanye West arrives in Manila

Apr 09, 2016 - 9:38 AM

The rapper is in Manila for Paradise International Music Festival where he is headliner alongside Wiz Khalifa

KANYE WEST. The rapper arrives in Manila for Paradise International Music Festival. Screengrab from Twitter/@ParadiseIMF

[Playlist] Paradise IMF: Watch these amazing live performances from the acts

Apr 08, 2016 - 3:40 PM

You may have heard their amazing tracks but how are the acts of Paradise International Music Festival live? Watch some videos of their live performances here

KANYE AND WIZ. Rappers Kanye West and Wiz Khalifa headline the first-ever Paradise International Music Festival. Photos by Ferdy Damman (Kanye West), Steve C Mitchell (Wiz Khalifa)/EPA

Global recovery 'too weak, too fragile' – IMF chief

Apr 05, 2016 - 11:00 PM

Christine Lagarde hints the International Monetary Fund will cut its global growth forecast for the year amid increasing risks

epa05244579 International Monetary Fund (IMF) Managing Director Christine Lagarde attends during a conference at the House of Finance of the university in Frankfurt, Germany, 05 April 2016. IMF Director Lagarde is holding a lecture in Frankfurt on 05 April with welcome remarks by Bundesbank president Weidmann. EPA/BORIS ROESSLER

IMF chief says Greece plan 'good distance away' amid leaks row

Apr 04, 2016 - 1:00 PM

The IMF conducts its negotiations in good faith not by way of threats and we do not communicate through leaks says Christine Lagarde

epa05237608 International Monetary Fund (IMF) President Christine Lagarde attends the Seminar on International Financial Questions at the French Economy and Finance Ministry in Paris, France, 31 March 2016. EPA/ETIENNE LAURENT

IMF urges innovation to battle global growth slowdown

Apr 01, 2016 - 6:15 AM

The International Monetary Fund says businesses in advanced economies should invest 40 more in research and development on average

epa05161713 A Chinese investor uses mobile phone to check the share prices at a securities brokerage house in Beijing, China, 15 February 2016. Chinese stock market opened lower on 15 February which is the first trading day after Chinese Spring Festival holidays that the benchmark Shanghai Composite Index down 2.84 percent at 2,684.96 points and the Shenzhen index opened 2.98 percent lower at 9,385.52 points. EPA/WU HONG

Wiz Khalifa to perform at Paradise International Music Festival

Mar 21, 2016 - 8:09 PM

Wiz Khalifa joins the Paradise IMF line up led by Kanye West Afrojack Rudimental Austin Mahone and more

File photo by Steve C Mitchell/EPA

Asia reforms key for global economic growth – IMF chief

Mar 12, 2016 - 6:11 PM

Christine Lagarde says Asian countries must put structural reforms in place strengthen the business environment and develop bond markets across the region

epa05207284 International Monetary Fund Managing Director Christine Lagarde gives the opening remarks at the 'Advancing Asia, Investing for the Future' conference atteded by Prime Minister of India Narendra Modi and India’s Finance Minister Arun Jaitley (both not pictured) at the Taj Palace Hotel in New Delhi, India, 12 March 2016. The three-days conference is held from 11 to 13 March. Photo by Rajat Gupta/EPA

IMF ups call for action against global economic slide

Mar 09, 2016 - 6:00 PM

The International Monetary Fund urges leaders to expand fiscal stimulus and structural reforms

epa05197283 A photo made available 06 March 2016 shows workers working on top of a building under construction in Beirut, Lebanon, 05 March 2016. The Lebanese real estate sector has been affected negatively by the lingering political and security situation in Lebanon, the ongoing war in Syria, as well as the decreasing number of foreigners who invest in Lebanon which resulted in the solidification of property sales transactions in about 14.5 percent. EPA/WAEL HAMZEH

Improving efficiency in infra key to PH growth – economist

Mar 02, 2016 - 4:38 PM

An IMF economist says the Philippines could see significant growth if it ensures better public investment efficiency

IMF warns G20: World economy 'highly vulnerable'

Feb 25, 2016 - 2:00 PM

The International Monetary Fund says growth is hampered by market turbulence and geopolitical conflicts

epa05176875 (FILE) A file photo dated 01 February 2013 shows dark clouds above London's financial heart, Canary Wharf, in London, Britain. A group of more than 100 leaders of major businesses on 23 February 2016 backed Prime Minister David Cameron's campaign for Britain to remain in the European Union, saying a British exit, or Brexit, would 'deter investment and threaten jobs.' 'Business needs unrestricted access to the European market of 500 million people in order to continue to grow, invest and create jobs,' the business leaders said in a letter published in the Times. 'We believe that leaving the EU would deter investment, threaten jobs and put the economy at risk,' the letter read. The nearly 200 signatories included top executives from 36 companies listed on London's FTSE 100 index. EPA/ANDY RAIN

IMF chief sees 'tepid' growth for world economy

Feb 24, 2016 - 1:01 PM

Christine Lagarde also says oil exporters are facing a completely new reality

International Monetary Fund chief, Christine Lagarde speaks on the opening day of the Global Women's Forum on February 23, 2016, in Dubai. The world economy is going through a "tepid" recovery, Lagarde said during the women's forum, adding that growth in advanced economies should be higher.   / AFP / KARIM SAHIB

PH outlook bright despite China slowdown – IMF

Feb 23, 2016 - 8:57 PM

The IMF predicts that the future will be in services and the Philippines is well suited for the shift