The World Bank is warning of serious consequences for the global economy if politicians in the U.S. fail to increase their government's borrowing limit. The bank's president, Jim Yong Kim, says there is a danger of rising interest rates and slower growth.

Despite Washington's fiscal shutdown, Europe still poses the biggest risk to the global economy, former Bank of Israel Governor Stanley Fischer told Bloomberg Television on Friday. Fischer, who stepped down in June after eight years at the post, said …

Germany's top finance officials said risks to global growth are shifting away from Europe and toward emerging economies, while they expressed confidence that U.S. policy makers will overcome their divide over the budget. The euro region has left its …

World finance officials ending their meetings in Washington are worried by the possibility of an unprecedented U.S. debt default while the shaky global economy already is besieged by other threats. "A while ago there was an excess of exuberance and now …

Any delay in resolving the debt ceiling crisis that lasts several weeks or months “would cause great damage to the U.S. economy and the world economy,” Mario Draghi President of the European Central Bank warned this week at the Economic Club of New …

WASHINGTON The U.S. central bank's tapering of its economic stimulus program will pose one of the biggest challenges to increased global financial stability, according to an International Monetary Fund report released Wednesday. The Federal Reserve is …

Europe remains the biggest risk to the global economy even as the fiscal gridlock in Washington and ambiguity about the direction of U.S. monetary policy have taken center stage, according to Stanley Fischer, the former governor of the Bank of Isreal.

IMF Managing Director Christine Lagarde outlined long-term trends facing the global economy and implications for the Fund in a keynote speech at the plenary session of the IMF-World Bank 2013 Meetings. Even while grappling with a range of difficult …

Chairman Frieden, President Kim, Governors, Excellencies: I am delighted to welcome you, on behalf of the IMF, to our Annual Meetings. Coming into these Meetings, I spoke of the Great Transition underway in the global economy: the changing patterns of …