China has scope to ramp up fiscal stimulus, but should shift the focus of spending away from industrial policy and toward steps to boost consumption, a senior International Monetary Fund official said on Thursday.

The U.S. and global economies will grow a bit more this year than previously forecast as the Trump administration’s tariffs have so far proved less disruptive than expected, the International Monetary Fund said Tuesday,

Paraguay is betting that closer ties with Latin America’s largest economy Brazil will allow it to weather the trade war between Washington and Beijing, Finance Minister Carlos Fernandez said in an interview on the sidelines of the IMF and World Bank annual meetings in Washington.

Finance chiefs gathering in Washington this week were ready to discuss the global economy's surprising resilience in the face of Donald Trump's tariff assaults - until U.S.-China trade war rhetoric reignited with the U.

The annual meetings of the International Monetary Fund (IMF) and World Bank are now certain to be dominated by questions over whether Trump's vow to retaliate against China’s dramatically expanded export controls on rare earths will plunge the world’s two largest economies back into a full-blown trade war.