Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Russia’s economy ‘in for very tough times’ despite improved outlook: IMF

Kristalina Georgieva, Managing Director of the International Monetary Fund, at a press conference at IMF headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund warned that the Russian economy still faces significant headwinds despite the Washington-based institution’s recent growth upgrade. Russia’s economy has…

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IMF warns British government against more tax cuts

IMF warns British government against more tax cuts

British Finance Minister Jeremy Hunt said earlier this month that Britain would not fall into recession this year. Hannah Mckay | Reuters LONDON – The British government should not introduce further tax cuts this year, the International Monetary Fund said on Tuesday, as its chief economist argued that the government budget needs the money for…

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