A Chinese man works at Yanxiang Electronic Science and Technology, a private enterprise in the northern city of Tianjin. Photograph: Guang Niu/Reuters

China’s economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt (...)

Mario Draghi, president of the European Central Bank. the bank’s chief task has been to maintain a stable inflation rate in the euro zone, defined as close to but below 2 per cent.

Too much inflation is a bad thing, and can risk spiralling out of control. But too little inflation – price changes at or near zero – makes legacy deb(...)

IMF chief economist Olivier Blanchard: “Advanced economies are still confronted with high levels of public and private debt, which act as brakes on the recovery.”  Photograph: EPA/Alex Cruz

The International Monetary Fund has downgraded its outlook for global growth, blaming a “weak first quarter” in which the US economy contracted and “(...)

 International Monetary Fund managing director Christine Lagarde speaks at the National Press Club  in the US earlier this month. Photograph:  Stephen Jaffe/IMF via Getty Images

The International Monetary Fund raised its global growth forecasts for the first time in nearly two years today amid rising demand and inventories in (...)

US president Barack Obama waves goodbye at the end of his news conference at the White House Briefing Room in Washington yesterday.

US president Barack Obama turned up the political pressure on Republicans yesterday, saying he would be willing to negotiate on budget issues only aft(...)

Olivier Blanchard, chief economist of the IMF, speaks at a world economic outlook news conference yesterday. Photographer: Andrew Harrer/Bloomberg

and The world faces years of sluggish growth unless leading economies undertake difficult economic reforms, the International Monetary Fund warned (...)

Turmoil in emerging markets this summer has forced the International Monetary Fund into a humbling series of U-turns over its global assessments. In a(...)

IMF chief economist Olivier Blanchard: “I think we’re going to move from negative growth this year to positive growth next year.” Photograph: AP Photo/Ibrahim Usta

The International Monetary Fund has slashed its growth forecasts for 2013 and 2014 as it warned of a slowdown in key emerging markets and a more protr(...)

Paris Plage, the artificial beach provided in central Paris in summertime. Photograph: Reuters/Philippe Wojazer

When a bank holiday falls on Tuesday or Thursday, French employees take the Monday or Friday off as well. The practice is known as a (...)

Riga, Lavia

The idea that suffering is good for both the soul and the economy is widely held. To “austerians”, a financial crisis is a mark of moral turpit(...)

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