Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Debt burden on the US crosses $400 trillion, claims report by a private financial institution

Washington: A private financial institution issued a sensational warning that the total debt burden in the US economy is 20 times the Gross Domestic Product (GDP) of the United States and the number has reached nearly $400 trillion. A few months ago, the US treasury department had released information that the national borrowing is to […]

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US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

US-China Trade war-a big blow to the global economy in 2020, warns the International Monetary Fund

Washington/ Beijing: The ongoing trade war between US-China is no longer a mere threat to the global trade war crisis. The impact of this war on the economy is already visible,’ saying, so the International Monetary Fund has predicted a decline in the global economy next year by 0.8 %. For the second time in […]

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Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Pakistan lashed by IMF, faces the imposition of heavy fines from World Bank, asked to pay $ 5.9 billion in fines

Washington/Islamabad: After reprimanded by the International Monetary Fund (IMF) in the last week, there is a new financial crisis that haunts Pakistan. The senior arbitrator from the World Bank has ordered the Pakistan government to deposit a fine of whopping USD 5.975 billion. An international mining company had filed a case with the World Bank, […]

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Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Big tech firms likely to disrupt the world’s financial system, warns chief of IMF

Tokyo: Managing Director and Chairman of the International Monetary Fund(IMF), Christine Lagarde issued a sensational warning saying, “A few companies in the world have a humongous amount of data. These companies can gain control over the economic transactions through artificial intelligence and other technologies and significant disruption to the world’s financial system.” The warning issued […]

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Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Shadows of global recession darken further, against the background of decline in manufacturing sector and US-China trade war

Washington/London: The trade war between the United States and China is intensifying by the day, and even the global investors and big corporates have not been able to asses the effects properly. The economists have claimed that over the last few months, the manufacturing sector in Europe as well as Asia, is taking a major […]

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China provided a loan of USD 6.5 billion to Pakistan in fiscal 2018-19, Pakistan accepts under pressure from the IMF

China provided a loan of USD 6.5 billion to Pakistan in fiscal 2018-19, Pakistan accepts under pressure from the IMF

Islamabad/Beijing: It is being exposed that Pakistan has accepted many insulting terms, to receive a bailout package for its economy, heading towards bankruptcy. Bowing in front of these conditions, Pakistan has revealed the information that it has borrowed funds from China. It is revealed that Pakistan has borrowed nearly USD 6.5 billion from China, in […]

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US-China trade war threatens global economy: International Monetary Fund

US-China trade war threatens global economy: International Monetary Fund

Washington: ‘The International Monetary Fund feels that the trade tensions should be resolved to the satisfaction of everyone. It assumes significance against the background of the currently raging US-China trade war, as it has threatened the global economy,’ the IMF chief Christine Lagarde warned. At the same time, she cautioned both, the United States and […]

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The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

The Iranian economy will collapse due to the new US sanctions, warns the International Monetary Fund

Dubai: Deterrent effects of the US sanctions are apparent in the Iranian economy. The crisis in the Iranian economy will continue for the second consecutive year and by this year-end inflation will reach 40%, warned the International Monetary Fund (IMF). IMF has claimed in its annual report that the harsh US sanctions against the Iranian […]

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World Bank and International Monetary Fund launch experimental Cryptocurrency

World Bank and International Monetary Fund launch experimental Cryptocurrency

Washington: The world is moving from currency to cryptocurrency. The economists are claiming that cryptocurrency will be the future of the world. Reports of some countries moving towards cryptocurrency, also have been published. It has also been revealed that leading financial institutions and banks are seriously considering the use of cryptocurrency. But now the World […]

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