The International Monetary Fund (IMF) has warned that a Russian gas embargo could heavily impact central Europe, causing deep recessions in Hungary, Slovakia, the Czech Republic, and Italy.

The European Commission has cut the EU’s economic growth forecasts as war-triggered inflation surges.

The International Monetary Fund (IMF) has warned that Europe could plunge into recession as a result of the disruptions in natural gas supply triggered by the ongoing war in Ukraine.

The IMF says the US’s economy might need to go through a period of recession if it wants to fight inflation.

Somali politicians have voted for a new president despite explosions near a heavily fortified airport hangar.

Britain's economy is teetering on the brink of recession amid soaring inflation, a leading statistical body warns.

The Pakistani rupee has plunged to an all-time low due to the US dollar’s continued upward spiral against the currency amid political uncertainty in the South Asian country.

Months of lengthy blackouts, record inflation and acute food and fuel shortages have spread public discontent in Sri Lanka.

The IMF estimates Iran’s economic growth in 2021 was 4% while expecting a 3% growth for 2022.

A number of Republican lawmakers have called on the US Department of Treasury to block Russia from exchanging the $17 billion in International Monetary Fund (IMF) reserves it received last year and oppose any further such IMF allocations.