IMF chief economist Gita Gopinath  cited a striking divergence of financial markets from the real economy

The International Monetary Fund will likely forecast a worse contraction in the global economy than previously estimated for 2020 and sees “profound u(...)

IMF managing director Kristalina Georgieva: “With the crisis still spreading, the outlook is worse than our already pessimistic projection.”

The global economic outlook has darkened further since the IMF forecast last month that it would suffer the worst blow since the 1930s as a result of (...)

An IMF spokesman said the fund was looking at actions that could be taken quickly

The International Monetary Fund is to provide immediate debt relief to 25 member countries under its Catastrophe Containment and Relief Trust (CCRT) t(...)

Customers in Tesco in Rush stand on two-metre markers when queuing for the checkouts. The British supermarket chain this week said it would take a €1 billion hit from the costs of dealing with the pandemic. Photograph: Alan Betson/The Irish Times

The human and economic toll of the coronavirus pandemic all over the world would scarcely have been believed just a few short months ago, but with eac(...)

The International Monetary Fund in Washington, DC. Photograph: Olivier Douliery/AFP via Getty Images

The pandemic sweeping the world will turn global economic growth “sharply negative” in 2020, triggering the worst fallout since the 1930s Great Depres(...)

Minister for Finance Paschal Donohoe: ‘It is, of course, impossible, at this stage, to accurately predict the economic cost of the outbreak.’

Minister for Finance Paschal Donohoe has signalled that the Government’s economic forecasts will be cut next month as the coronavirus outbreak is pred(...)

The IMF now expects 2020 growth to come in below last year’s rate. Photograph: Getty

The International Monetary Fund’s managing director, Kristalina Georgieva, has said the organisation it is preparing to cut its global growth forecast(...)

Workers from a disinfection service company sanitize a street in front of a branch of the Shincheonji Church of Jesus the Temple of the Tabernacle of the Testimony where a woman known as “Patient 31” attended a service in Daegu, South Korea. Photograph: Yonhap/Reuters

The coronavirus has infected hundreds of people in Chinese prisons, authorities said on Friday, contributing to a jump in reported cases beyond the e(...)

US president Donald Trump arrives to hold a news conference at the 50th World Economic Forum   in Davos. Photograph:  Jonathan Ernst/Reuters

The organisers may have made sure that they wouldn’t bump into each other but the worlds of Swedish teen eco-warrior Greta Thunberg and Donald Trump, (...)

Cadbury’s moon landing recreation: one small step for chocolate-makers, one sweet treat for mankind. Photograph: Jacob King/PA

Image of the week: Chocolate moon Tomorrow marks 50 years since Neil Armstrong beat Buzz Aldrin by about 20 minutes to become the first man on the mo(...)

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