Economy

International Monetary Fund lifts SA's GDP forecast to 1.5% in 2018

International Monetary Fund lifts SA's GDP forecast to 1.5% in 2018

Governments should take advantage of the good times to make structural reforms and put in place tax policies that raise the potential output of their economies, Obstfeld said. Its decision-making also reflects members' relative influence.

Thank you for your feedback.

The "escalating tensions" over trade present a growing risk to the world economy, Obstfeld said. "Instead, it is in danger of being torn apart". Past year the fund said China's credit growth was on a "dangerous trajectory".

In an apparent reference to the steps being taken by countries like the United States and China, Obstfeld said that major economies are flirting with trade war at a time of widespread economic expansion may seem paradoxical-especially when the expansion is so reliant on investment and trade.

"If policymakers are complacent and do not tackle the challenge of strengthening long-term growth, political risks could intensify, possibly reversing some of the progress that economic reforms and integration have achieved to date".

The upgrade to global growth for this year to 3.9% potentially makes 2018 the strongest year since 2011, when the economy was rebounding from the financial crisis.

The International Monetary Fund (IMF) has revised economic growth projections for 2018 for Azerbaijan to 2 percent from 1.3 percent, according to the updated World Economic Outlook (WEO) of the IMF.

More news: Israeli soldiers wound 3 Palestinians along Gaza border

Ukraine could receive a new tranche from the International Monetary Fund (IMF) in the amount of $2 billion in May or June 2018 if the country meets the conditions for cooperation under the Extended Fund Facility (EFF), the Ukraina TV and radio company has reported after an interview with Ukrainian Finance Minister Oleksandr Danyliuk in Washington.

The IMF saved the current forecast of Ukraine's GDP growth at the rate of 3.2 percent.

The IMF made only modest changes to its forecasts for the UK.

Forecasts were cut slightly for Canada, the Middle East and North African countries, as well as a number of low-income developing countries. Obstfeld said this forecast was a best-case assumption based on a Brexit deal that involved zero tariffs and favourable access to the European Union for the City.

Such growth should help the Australian jobless rate ease to 5.2 per cent in 2019 and close to what the Reserve Bank believes to be "full employment" at five per cent.

It says increased trade barriers - tariffs or other restrictions - could harm sentiment in financial markets, disrupt global supply chains and slow the spread of new technology.

The 2017 recapitalisation plan for major public sector banks will "improve the banking sector's ability to support growth", the report said.


  • Goldman Sachs delivers huge earnings beat on trading bonanza

    Goldman Sachs delivers huge earnings beat on trading bonanza

    After $5.68 EPS report last quarter, Wall Street now sees -4.75 % negative EPS growth of The Goldman Sachs Group, Inc . Analysts await The Goldman Sachs Group, Inc . (STKS) has risen 50.06% since April 16, 2017 and is uptrending.
    Researchers link sedentary behavior to thinning in brain region critical for memory

    Researchers link sedentary behavior to thinning in brain region critical for memory

    This was done using the self-reported International Physical Activity Questionnaire modified for older adults (IPAQ-E). The current study was led by Prabha Siddarth of the Semel Institute for Neuroscience and Human Behavior at UCLA .

    Global X MSCI Colombia ETF (GXG) Declines 1.24% for April 16

    The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. Taking a peek at some Moving Averages, the 200-day is at 49.03, the 50-day is 52.80, and the 7-day is sitting at 51.94.
  • Joplin woman facing charge in police recovery of stolen vehicle

    Joplin woman facing charge in police recovery of stolen vehicle

    The arrested persons were produced before a court here yesterday and remanded to judicial custody till April 26, he added. Susan Helene Brooks, 41, of Milwaukee, Wisconsin, was charged with trespassing the day after she was released from jail.
    Trump 'morally unfit' for office

    Trump 'morally unfit' for office

    He stopped short of calling for Trump's impeachment because whether he remains in office "should be up to the American people". In other words, he was making decisions based on the fact that he thought she was going to win, and he wanted a job .
    Twitter suffers worldwide outage as users faced with error message

    Twitter suffers worldwide outage as users faced with error message

    Twitter is down and by the looks of it, the outage is massive this time, spanning major countries around the world. The services are now offline for on all platforms including the desktop website, Android, iPad and iPhone apps.
  • NBA Playgrounds 2 Hits the Hardwood This Summer

    NBA Playgrounds 2 Hits the Hardwood This Summer

    Saber Interactive has announced the summer release of NBA Playgrounds 2 , the sequel to last year's hit indie-made NBA title. Improved matchmaking with dedicated servers is also planned, with new 4-player online matches and more.
    History suggests this horse will win the Aintree Grand National

    History suggests this horse will win the Aintree Grand National

    The Mullins-trained Pleasant Company staged a dramatic late rally, but the judge confirmed Tiger Roll the victor by a head. However, a late surge by the Willie Mullins-trained Pleasant Company (25/1 ) brought the race to a photo-finish.
    Ford brings back the Mustang to Supercars

    Ford brings back the Mustang to Supercars

    Ford has not finished testing the new Mustang, although a formal submission is due to NASCAR this summer. DJR Team Penske now runs two Fords, while Tickford Racing fields four entries.
  • Analysts Ranking Activities: Merck & Co., Inc. (MRK)

    Analysts Ranking Activities: Merck & Co., Inc. (MRK)

    The stock underperformed the S&P500 by 26.49%. (NYSE:STNG), we can see that the current average broker rating is now 1.06. The Merck & Co., Inc. has shown a five days performance of 4.43% and thirty days performance stands at 6.15%. (NYSE:DST).
    Storm system likely spewed 11 tornadoes in Arkansas, agency reports

    Storm system likely spewed 11 tornadoes in Arkansas, agency reports

    The Weather Service forecasts a slight chance of more rain Wednesday night, then highs of about 80 by the weekend. The National Weather Service in Tallahassee, Florida has confirmed an EF-1 hit Decatur County on Sunday.
    Boy unearths lost treasure of 10th century Danish king

    Boy unearths lost treasure of 10th century Danish king

    The coins found allowed the archaeologists to date the find to the time Bluetooth would have been in the area. Luca saw a tiny piece of metal on the field and thought it was nothing more than aluminum garbage.