Global politics

IMF sees debt soaring over 200 percent

The International Monetary Fund estimates that years of efforts to contain Greece's national debt will go to waste due to the coronavirus pandemic, as it projects the country's dues will soar to 200.8 percent of gross domestic product this year, with a primary budget deficit at 5.1 percent of GDP after five years of primary surpluses, according to the Fund's Fiscal Monitor report released on We

On Europe

Now that everyone is talking about a "war" amid the coronavirus epidemic, it's time to remember what the European project meant after the last real war.

Europe has guaranteed peace and prosperity for more than half a century, eventually healing the wounds of the Cold War as well.

Kristalina Georgieva: We Expect the Worst Economic Fallout Since Great Depression

The global coronavirus pandemic is causing an unprecedented economic crisis and will require a massive response to secure a recovery, IMF chief Kristalina Georgieva said on Thursday, BGNES reports.

She warned that "global growth will turn sharply negative in 2020," with 170 of the International Monetary Fund's 180 members experiencing a decline in per capita income.

IMF: Turkey not seeking financial help amid coronavirus

While non-EU emerging countries in Central and Eastern Europe are seeking IMF assistance in the wake of the coronavirus outbreak, neither Turkey nor Russia have done so, the director of the fund's European department said on March 31.

The IMF is now facing simultaneous requests for assistance from the largest number of countries in its history, Poul Thomsen stressed.

Editorial: An age of uncertainty

The markets despise uncertainty and that truth was reflected yesterday in the huge losses on stock market boards globally.

The reactions of investors are often exaggerated but this time they are not unfounded.

The coronavirus epidemic arose just as the global economy had reached a critical juncture.

IMF Chief Kristalina Georgieva: The Coronavirus may Damage Global Growth

She said the full impact of the spreading disease that has already killed more than 1,600 people would depend on how quickly it was contained.

"I advise everybody not to jump to premature conclusions. There is still a great deal of uncertainty. We operate with scenarios, not yet with projections, ask me in 10 days," Georgieva said.

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