Trade war will push the world into recession, warns Deutsche Bank

Trade war will push the world into recession, warns Deutsche Bank

Berlin: Germany’s ‘Deutsche Bank’ has warned that the aggressive policies adopted by US President Donald Trump will push the world in a deep abyss of recession. Before this, the World Trade Organisation and the International Monetory Fund have also expressed concern about global recession that could trigger due to the US President’s policies. The Deutsche […]

Read More »

Pakistan economy heading towards bankruptcy: International Monitory Fund

Pakistan economy heading towards bankruptcy: International Monitory Fund

Washington/Islamabad: Pakistan who already has a tarnished image because of an unstable government, policy to aid the terrorists, increased violence and human rights violation seems to be in for another jolt. The International Monitory Fund (IMF) has expressed concerns over the Pakistani economy and given indications that the economy is heading towards bankruptcy. It has […]

Read More »

Spiralling levels of debt may trigger global economic crisis, warns outgoing German finance minister

Spiralling levels of debt may trigger global economic crisis, warns outgoing German finance minister

Berlin: The outgoing German Finance Minister, Wolfgang Schaeuble, gave serious indications saying that the Central Banks like the European Reserve Bank and the US Federal Reserve have been attempting to inject trillions of dollars into the financial markets. Their attempts are giving rise to the formation of ‘new bubbles‘ which in itself is an invitation […]

Read More »

China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

China’s ‘One Belt One Road’ project is a danger to the world economy, warn economists.

Beijing : Economists have warned that Chinese President Xi Jinping’s ambitious ‘One Belt One Road’ Project is posing a danger to  the global financial system. Government banks of China are trying to raise funds to be issued as loans to the deprived and potentially dangerous countries. Economist Xu Chenggang and Bjorn Conrad have raised their […]

Read More »

The head of the International Monetary Fund will be in Beijing in the next ten years

The head of the International Monetary Fund will be in Beijing in the next ten years

Washington : Christine Lagarde, managing director of the IMF (International Monetary Fund) envisioned that if Chinese economy continues to grow at the same pace, there is a possibility that within a decade the headquarters of the ‘International Monetary Fund’ could be based in Beijing instead of Washington D.C, It is being claimed that over the next few years […]

Read More »

Unless the economy improves, China’s GDP could see a drop of 3% : IMF

Unless the economy improves, China’s GDP could see a drop of 3% : IMF

Beijing :Increasing debt, high dependence on government policies and financial aids, over-capacity production in the industrial sector are some of the factors that may have a negative impact on China’s economy; according to International Monetary Fund (IMF) report. IMF has indicated that if suitable economic developments are not done, China’s GDP could see a drop […]

Read More »

EU may collapse any time: IMF

EU may collapse any time: IMF

Washington: The International Monetary Fund (IMF) has cautioned that post ‘Brexit’, the EU may face financial anarchy; and circumstances may lead to the fall in the Euro. If efforts are not made to resolve the conflict, then the current situation of political instability may worsen, owing to which the EU may collapse any time. The IMF had […]

Read More »