After three decades of rapid industrialisation, China has overtaken Japan as the world’s second-largest economy
The world economy has been recovering this year from its worst downturn in decades
IMF raises global GDP outlook; Toyota recalls 250,000 cars in the US, Japan; and France Telecom eyes emerging markets
IMF cut its 2011 growth forecasts for Britain, Canada, the euro zone, emerging economies and Japan.
The International Monetary Fund is working to develop new lending instruments for economies hit by crises that are not of their own making
Credit rating agency Fitch sees a break-up of the euro zone as a "remote risk" and not one of its most likely scenarios, a Fitch director said
Disagreements over how quickly to reduce billowing budget deficits and restore balance to the global economy risk straining high-level Group of 20 talks starting on Thursday
Fixing the problem will require money and political will
European leaders have asked the IMF to stand ready to provide up to $310 billion (250 billion euros) as part of a $1 trillion package of loans
Only last month, the World Bank approved greater voting rights for developing countries including India and China
