International Monetary Fund raises Israel growth forecast

IMF lowers SA's economic growth forecasts

IMF lowers SA's economic growth forecasts

"However, it is projected to rise to 5.1 percent in 2019", the report said. It was the first downgrade since July 2016. So, what you do see is that emerging market economies, which is where India is, there's a very fast buildup in private debt with a slowdown in the last two years, But India is basically steady.

He stated, "Nigeria's growth, 1.9 per cent this year; 2.3 next year". The IMF talked about continued capital outflows from emerging market economies and pressure on exchange rates because of monetary normalisation in the US.

"There are clouds on the horizon".

In Bali on Tuesday, IMF chief economist Maurice Obstfeld said the rupee was "too rigid and overvalued".

But the International Monetary Fund, which released its predictions for the world economic system at its annual meeting in Bali, Indonesia, warned that China's economy could decelerate further if the trade conflict deepens.

To offset the effects of Federal Reserve rate rises, U.S. trade tariffs and domestic economic pressure caused by tighter financial regulation aimed at reducing debt risks in China's financial system, the Chinese authorities have eased monetary policy and the implementation of proposed new financial regulations.

"A catalyst like earnings will give investors something to look forward to but right now it's just a continuation of negative news for equities, with higher yields and slowing global growth", Cardillo said. However, the RBI pegged India's growth projections at 7.5 per cent. China's economy is also showing signs of moderating and that could be exacerbated by its trade disputes with the United States, which has imposed tariffs on $250 billion worth of imports from Beijing and is threatening duties on $267 billion more.

UBG chairman and FPCCI former president Iftikhar Malik said the IMF programme will come with specific external, fiscal and monetary measures, which will likely result in slowdown in GDP growth to around 4 percent compared to GDP growth of 5.8 percent in FY18, besides further hike in interest rates.

The body now expects the US economy to grow at a rate of 2.5 percent in 2019, a 0.2 percentage point decline from its April estimates.

The downgrade reflects a confluence of factors, including the introduction of import tariffs between the U.S. and China, weaker performances by euro zone countries, Japan and Britain.

After Indonesia quake, empowering coastal communities will save lives
Aid organisations are urgently working with the government to identify and reunite them with their relatives, the group said. The government has said hundreds of people were severely injured in Friday's disasters.

Based on the trade tariffs already in place, the organisation revised down its estimates of world growth this year and next by 0.2 of a percentage point to a still healthy 3.7 per cent.

Oil prices, which account for about 80 percent of Saudi public income, have increased by more than 70 percent since June a year ago to over $80 a barrel.

Japan's benchmark Nikkei 225 fell 1.1 percent to 23,513.20.

Several emerging markets had their forecasts cut, including Argentina, Brazil, Iran and Turkey, reflecting factors including tighter credit.

The rupiah has indeed been under strong downward pressure, especially over the last three months, as a result of monetary tightening and stronger economic growth in the USA, which has caused higher capital outflows, and the upward trend in global oil prices, which has increased Indonesia's trade deficit and consequently the current account deficit to more than 2.5 percent of gross domestic product (GDP).

Core inflation, which excludes volatile items such as energy, will vary from country to country, it added.

This forecast is a normalization from the current inflation numbers-which the Philippine Statistics Authority (PSA) recently reported was at 6.7 percent in September alone. Global growth will slow to 3.6 per cent by 2022-2023, as growth in rich nations falls back to potential, it said.

The IMF is very much stressing that global debt at Dollars 182 trillion in 2017 is at a new record high, he said. "Policymakers must take a long-term perspective to address this malaise".

The IMF added that "fiscal policy should aim to rebuild buffers for the next downturn, and the composition of public spending and revenues should be created to bolster potential output and inclusiveness".

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