The International Monetary Fund (IMF) warns that the global economy is splitting into rival blocs​​​​​​​, threatening a repeat of the Cold War.

The International Monetary Fund on Tuesday cut its global growth forecast for 2023 amid colliding pressures from the war in Ukraine, high energy and food prices, inflation and sharply higher interest rates, warning that conditions could worsen significantly next year.

IMF chief Kristalina Georgieva warns of "darkening" outlook for global economy and rising risks of recession.

Here are Press TV's latest top stories, 1600 GMT, October 6, 2022

The bad economic news in Europe has reached a level where both the IMF and WTO have warned that a worldwide recession is looming.

Here are Press TV's latest top stories at 02:00 GMT, July 27, 2022.

Russia’s economy is doing better than expected despite Western sanctions imposed on Moscow, the IMF said a new report.

The United States has only a slim chance of avoiding an economic downturn given the many risks it faces, the IMF said on Tuesday.

Here are Press TV's latest top stories at 17:00 GMT, July 26, 2022.

China is growing presence and engagements in the strategic Indian Ocean region, much to the concern and anxiety of its arch-foe India.