The IMF has warned that an imminent debt default by the US due to the government shutdown would result in disruptions in financial markets and could possibly trigger global economic turmoil.
IMF also asked countries around the world to coordinate policies to achieve a global rebalancing and sustain the recovery.
It might help alleviate the economic crisis by addressing the root cause of the unwillingness to spend, says Robert J Shiller.
The ongoing Greece economic crisis poses a little threat to the rest of the world as the global economy has withstood the stress tests of the last two weeks fairly well.
The Finance Ministry expects GDP growth to be 8-8.5 per cent in 2015-16.
OPEC hopes lower fuel prices will stimulate more demand in the long run
Obama said every country, every democracy in particular, has tussles over the budget.
It is a wonder how pervasive and long-lasting the damage can be from a balance-sheet crisis, says Suman Bery.
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