International Monetary Fund upgrades outlook on Russian Federation as economy recovers

IMF Managing Director Christine Lagarde talks about Women

In China, growth is projected to moderate from 6.9 per cent in 2017 to 6.6 per cent in 2018 and 6.2 per cent in 2019, reflecting a slowing external demand growth and necessary financial regulatory tightening, the report said.

The planned event set to kick off Thursday - the "Peoples' Global Conference against IMF-WB" - has had its approval yanked by police, and the venue organizer cancelled, organizers said.

"But even across emerging markets, we see a lot of differentiation".

The IMF announced it had reduced its outlook on the global economy to a 3.7% growth rate for this year and next, down 0.2% from what it had originally predicted in July.

Share markets in Asia plunged to a 19-month low on Thursday after Wall Street's worst losses in eight months led to broader risk aversion, partly due to the heated global trade tensions as well as rapidly rising dollar yields.

A senior US Treasury official, who briefed reporters on Monday, also expressed concern about the depreciation of the Chinese currency, as well as recent moves by Beijing to strengthen government control over the exchange rate.

"We need to work together to de-escalate and resolve the current trade disputes", Lagarde said at am International Monetary Fund and World Bank gathering in Bali.

He stated, "Nigeria's growth, 1.9 per cent this year; 2.3 next year".

The Fund in its 2018 World Economic Outlook released yesterday also warned that the fragile growth of the region may not be enough for the attainment of the Sustainable Development Goals, if the trend remains for a while.

Saudi crown prince ordered operation against missing journalist
It was only then officially confirmed he has been in jail for the past year. Khashoggi back to Saudi Arabia and lay hands on him there.

But China's involvement could also bring potential risks, he said.

Some energy-rich emerging market countries have fared better due to higher oil prices, with Saudi Arabia and Russian Federation seeing forecast upgrades.

"Owing to these changes, our global growth projections for both this year and next are downgraded to 3.7 per cent, 0.2 percentage point below our last assessments and the same rate achieved in 2017", the report said.

Trade tensions are expected to continue although Fund officials view US-Mexico-Canada trade agreement as a positive sign.

United States investors have for some time ignored the increasingly strident White House rhetoric over trade with China to send stock markets to new highs.

"We will be listening very, very attentively when and if they come to us", said Obstfeld.

Forbes and the International Monetary Find (IMF) have differed on Nigeria's economic growth in 2018 and projections for 2019.

She acknowledged that the World Trade Organization, based in Geneva, has made scant headway in recent years toward a global agreement on trade rules that can address issues like complaints over Chinese policies U.S. President Donald Trump says unfairly extract advanced technologies and put foreign companies at a disadvantage in a quest to dominate certain industries. In September, Trump imposed tariffs on almost $200 billion of Chinese imports, with China responding with higher tariffs on about $60 billion of US imports.

Related News:



Most liked

HORRIFYING aerial footage shows CATASTROPHIC storm damage
According to the National Hurricane Center , "most of the area will be uninhabitable for weeks or months". That makes it the fourth strongest hurricane ever to make landfall in the U.S.

5 things that doomed the Yankees vs. the Red Sox in ALDS
After the Yankees won Game 2 of the ALDS to even the series, the song was playing as Aaron Judge exited Fenway Park. The Sox out-classed the Yankees with better performances in every part of the game over this four-game set.

Rare cases of a nervous system disorder being reported
In 2016, there was a cluster of nine cases of AFM in Washington and there were three in 2017, according to the health department. AFM can be developed from a viral infection, although its exact cause is unknown. "It's incredibly heartbreaking to see this".

China shares tumble as investors dump stocks across the board
The benchmark Shanghai Composite Index slid 3.72%, or 104.84 points, to 2,716.51. It was off 0.55 per cent by mid-morning.

Jimmy Butler Returns To Practice: "You Can't Win Without Me"
A couple of Butler's teammates were particularly vague when asked about Butler's level of participation in practice on Wednesday. Butler and his representatives have reportedly grown frustrated by how the Timberwolves have handled his trade request.

Governor Ivey issues State of Emergency due to Hurricane Michael
The Florida Fish and Wildlife Conservation Commission has also designated 40 law-enforcement officers for rapid deployment. In 2016, Hurricane Hermine, which also targeted the Panhandle, submerged Cedar Key under a 9-foot storm surge.

Watch Hurricane Michael make landfall on Florida webcams
The size of hurricanes is mainly measured by the Saffir-Simpson scale - other scales are used in Asia Pacific and Australia. The intensifying storm - Hurricane Michael - was expected to make landfall today with conditions deteriorating last night.

Florida Governor To Declare State Of Emergency Ahead Of Possible Hurricane
The latest track shows a weakening Michael moving either directly through, or at least near central Georgia as a tropical storm. The Florida Keys are expected to get 2 to 4 inches of rain, and the Yucatan Peninsula could get 1 to 2 inches of rain.

Ballon d'Or award nominees: Gareth Bale Sergio Aguero Alisson on list
Liverpool's Brazilian forward Roberto Firmino and Uruguay's rugged defender Diego Godin of Atletico Madrid also got the nod. Federation Internationale de Football Association split from the Ballon d'Or in 2016 to launch its own set of awards.

Donald Trump Likes Taylor Swift's Music "25 Percent Less" After Democrat Endorsements
I believe that the systemic racism we still see in this country towards people of color is terrifying, sickening and prevalent. For a lot of us, we may never find a candidate or party with whom we agree 100% on every issue, but we have to vote anyway.

Microsoft says it fixed a Windows 10 update bug that deleted folders
Microsoft is working with them to recover the lost files, but it isn't offering any guarantees that their data will get restored. Microsoft enabled new feedback functionality today that adds options to classify impact and severity of the reported issue.

Flu Shot Clinic at El Camino
While the timing of flu season is unpredictable, seasonal flu activity can begin as early as October and last as late as May. These groups are at particular risk from flu and vaccination is the best protection we have against an unpredictable virus.

Black Ops 4’s day one update weighs in at 50GB
However, if you purchase the game physically, you'll have to download a 50GB day one update to get the game working. The Blackout battle royale game mode will apparently be fully playable once 16-20 GB of the install is completed.

Mental Health Day: More people seek help, but stigma persists
Only 4 percent of the global health budget is allocated for mental illness in youth and children. Yet, those struggling with mental health problems are still being marginalised, ' Guterres said.

Aaron Ramsey wonder goal for Arsenal, Riyad Mahrez misses penalty
Despite the hot streak, Lacazette insists it is too early to talk of securing a return to the Premier League's top four. Both stars became the first two substitutes in the Premier League to score and assist a goal in a single game.