IMF Raises Global Growth Forecast

IMF Raises Global Growth Forecast”

Morocco is expected to report 4.8% growth this year and 3% growth in 2018 and Egypt 4.1% growth this year and 4.5% growth in 2018.

For 2018 the International Monetary Fund raised its estimate to 6.5 percent from the 6.4 percent forecast in its July World Economic Outlook.

The report considered that "notable pickups in investment, trade, and industrial production, coupled with stronger business and consumer confidence" were supporting more positive growth predictions than earlier in the year to the "euro area, Japan, China, emerging Europe and Russia".

" The upward revision to the 2017 forecast", International Monetary Fund said, "reflects the stronger-than-expected outturn in the first half of the year underpinned by previous policy easing and supply-side reforms".

"First-half 2017 growth was 1.8 percent, largely driven by the agricultural and services sectors which expanded by 3.8 percent each, while nonmanufacturing industries contracted by 2.6 percent".

The sustained global upswing, combined with the improved forecasts for 2017 and 2018, means the world economy is now growing at its fastest rate since a brief bounceback in 2010, which came in the aftermath of the devastating financial crisis of 2008-2009. It said this would more than compensate for downward revisions for the U.S., the United Kingdom, and India.

"Potential growth is estimated at 1.8%, reflecting the assumption of continued sluggish growth in total factor productivity and diminished growth of the workforce due to population aging".

In a report released this Tuesday (10), the global authority raised growth estimates for Brazil's Gross Domestic Product (GDP) from 0.3% to 0.7% this year, and from 1.3% to 1.5% in 2018.

The per-capita output growth for advanced economies is now projected to average only 1.4% per year over the 2017-2022 period, compared with 2.2% per year during 1996 to 2005.

China's booming economy continues to propel Asia and drive worldwide economic growth.

"In the rest of emerging market and developing Asia", the fund wrote, "growth is expected to be vigorous".

"These economies are diverging rather than converging", said the report, "going against the more benign trend of declining inequality between countries due to rapid growth and dynamic emerging economies like China and India".

"Numerous global problems require multilateral action", said Obstfeld.

Like this


13 October 2017
Diego Simeone insists Barcelona are still not as good as Real Madrid
They defend as a unit and are disciplined. "I know the best way to stop him". Messi had that night that all Argentines wanted and asked for.

13 October 2017
Militant arrested in Tral, south Kashmir
"He was involved in a grenade attack at bus stand Tral in Pulwama on December 5, 2014 in which five people were killed". A case FIR number 121/2014 under section 307/RPC, 2/5 Exp.

13 October 2017
Prince Harry accepts Legacy Award on behalf of the late Princess Diana
Also pictured inside: Harry in a tux at the 100 Women in Finance Gala Dinner on Wednesday night. In front of the world's media, she shook the hand of a man suffering with the illness.

13 October 2017
Madhya Pradesh govt cuts Value-Added Tax on petrol and diesel
Earlier, the central government had reduced the excise duty on petrol and diesel rates by Rs 2 per litre each. Later in the evening Himachal Pradesh, ruled by Congress, announced a 1% reduction in Value-Added Tax .

13 October 2017
Eccentric 'Jeopardy!' champion loses after 12-day winning streak
He'll be back on the show next month, competing in the two-week " Jeopardy! " tournament of champions that begins November 6. He was beaten by Scarlett Sims, a stay-a-home mom from Tennessee.

13 October 2017
Great Plains Energy Inc (GXP) Shares Bought by Prudential PLC
The average Wall Street analyst rating for Great Plains Energy Incorporated is Hold, according to the average of 9 analyst scores. After posting $0.43 EPS for the previous quarter, Great Plains Energy Incorporated's analysts now forecast 132.56 % EPS growth.

13 October 2017
Mo. state senator posts tweet comparing Trump to Hitler
Secret Service said it was looking into Chappelle-Nadal's comment, though she appears to not have faced any disciplinary action. The state senator has one year left on her term, and will not be able to run for re-election next year due to term limits.

13 October 2017
Mirabelli hopes Belotti will eventually join AC Milan
My daughter goes to school here. "When you write something it is important to write the truth". He said: "For two weeks I have been reading the wrong things".

13 October 2017
Brokers Opinions on: Flexion Therapeutics, Inc. (FLXN)
News articles about Flexion Therapeutics (NASDAQ: FLXN ) have been trending somewhat positive this week, Alpha One reports. ValuEngine upgraded Flexion Therapeutics from a sell rating to a hold rating in a research note on Friday, September 1st.

13 October 2017
Celtic on alert as summer target Charly Musonda set for January loan
Chelsea are prepared to send Charly Musonda on loan after his controversial social media post earlier in the week. The Italian, speaking ahead of Saturday's game at Crystal Palace, said: "Andreas can be a good example".