#imf

#imf

This week the IMF released an update to its World Economic Outlook, titled Global Economy: Steady amid Divergent Forces and, seriously, in what fricking world are they living? It was yet another example of international groups, governments and parts of the media sane-washing the utter crisis we all exist in because Donald Trump is an egomaniacal bully with the impulses of a spoiled toddler.

Argentina's markets have tumbled, with the peso currency at a historic low, after a heavy defeat for President Javier Milei's party at the hands of the Peronist opposition at local elections stoked worries about the government's ability to implement its economic reform agenda. On Monday, the peso was last down almost 5 percent against the US dollar at 1,434 per greenback while the benchmark stock index fell 10.5 percent, and an index of Argentine stocks traded on United States exchanges lost more than 15 percent.

From Africa to Asia to Latin America, billions go hungry while creditors profit. Sri Lanka is undergoing one of the most complex economic recoveries in its history. The country's financial collapse in 2022 was precipitated by a toxic mix of unsustainable borrowing, poor fiscal management, and external shocks. Mass protests erupted under the banner of Aragalaya, a broad-based citizens' movement demanding accountability, economic justice, and an end to political corruption.

Gita Gopinath, the first woman to serve as chief economist at the IMF, is leaving her position to return to Harvard University, marking a significant transition.

Reeves will emphasize that the UK must advocate for free trade, arguing it is in the best interests of both the UK and the global economy, especially under the current economic turbulence.