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IMF cuts growth outlook, warns of potential global recession if Iran war worsens

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

By David Lawder WASHINGTON, April 14 (Reuters) - The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of recession if the conflict worsens and oil stays above $

BoE's Greene says war impact may unfold slowly, but inflation risks are paramount

BoE's Greene says war impact may unfold slowly, but inflation risks are paramount

By William Schomberg WASHINGTON, April 14 (Reuters) - Bank of England interest rate-setter Megan Greene said on Tuesday it could take months to see how much long-lasting damage is caused to Britain's economy by the energy price spike, but she expects new price pressures to be a bigger risk than a

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

Finance ministers, stung by hit to economies, call for full Iran war ceasefire

By William Schomberg WASHINGTON, April 15 (Reuters) - Finance ministers from almost a dozen countries led by Britain called on the U.S., Israel and Iran to implement their ceasefire in full on Wednesday and said the conflict would weigh on the global economy and markets even if it was resolved soon.

Long Iran war may require painful central bank tightening, IMF chief economist says

Long Iran war may require painful central bank tightening, IMF chief economist says

By David Lawder WASHINGTON, April 14 (Reuters) - Central banks may need to inflict much more economic pain to control inflation fueled by a long Middle East war than they did to control the spike in prices after the pandemic, the International Monetary Fund's chief economist said.

Exclusive-Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time

Exclusive-Fed's Musalem says oil shock likely to keep core inflation near 3%, rates on hold for some time

WASHINGTON, April 15 (Reuters) - High oil prices are likely to keep underlying inflation nearly a percentage point above the Federal Reserve's 2% target for the rest of this year, with the U.S. central bank likely needing to leave interest rates unchanged, St.

IMF expects pace of Japan's interest rate hikes to speed up slightly

IMF expects pace of Japan's interest rate hikes to speed up slightly

By Leika Kihara April 14 (Reuters) - The International Monetary Fund said on Tuesday it expected the Bank of Japan to raise interest rates gradually, but at a slightly faster pace than projected six months ago.

Asian shares scale six-week peak on hopes for US-Iran peace talks

Asian shares scale six-week peak on hopes for US-Iran peace talks

By Stella Qiu SYDNEY, April 15 (Reuters) - Asian stocks tracked Wall Street higher on Wednesday as hopes for a resumption of U.S.-Iran peace talks pushed oil prices lower, while the dollar steadied after seven days of losses.

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

The Latest: Israel and Lebanon hold rare talks as US-Iran standoff deepens

Lebanon and Israel are holding their first direct talks in decades

Analysis-Protracted Iran war narrows BOJ's rate hike options

Analysis-Protracted Iran war narrows BOJ's rate hike options

By Leika Kihara TOKYO, April 13 (Reuters) - Once seen as a strong possibility, a Bank of Japan rate hike in April is turning into a fainter prospect as fading hopes of an end to the Middle East conflict keep markets volatile and muddle the outlook for a fragile economy.

Iran war weighs on global economy as IMF meeting starts

Iran war weighs on global economy as IMF meeting starts

By Mark John LONDON, April 13 (Reuters) - Alarm over the impact of the Iran war on the global economy grew on Monday with more countries announcing emergency support measures to combat rising energy costs, while others appealed for international support.

BOJ's Ueda calls for vigilance against impact of Middle East war

BOJ's Ueda calls for vigilance against impact of Middle East war

By Leika Kihara TOKYO, April 13 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Monday economic and price developments were moving roughly in line with the bank's forecasts, but called for vigilance to the impact of escalating conflict in the Middle East.

Argentina's inflation to cool less than expected, still on track for 9-year low in 2026: Reuters poll

Argentina's inflation to cool less than expected, still on track for 9-year low in 2026: Reuters poll

By Gabriel Burin BUENOS AIRES, April 13 (Reuters) - Argentina's consumer price inflation is set to cool this year by less than previously expected even as economic growth expectations have remained steady, a Reuters poll of economists showed on Monday.