International Monetary Fund cuts India's growth projection, but it still retains world's top spot

17 Juillet, 2018, 13:38 | Auteur: Auguste Feret

Escalating and sustained trade conflicts following USA tariff actions threaten to derail economic recovery and depress medium-term growth prospects, the International Monetary Fund warned on Monday.

Among emerging market and developing economies, the International Monetary Fund report said growth prospects are becoming more uneven, amid rising oil prices, higher yields in the United States, escalating trade tensions, and market pressures on the currencies of some economies with weaker fundamentals.

The reduction in output takes into account tariffs already imposed by the United States on steel and aluminium, as well as an initial $34 billion in Chinese goods. Other threatened actions, which include another round of tariffs on an additional $200 billion in Chinese goods and a 25 percent US global tariff on vehicle imports now under study, are also included.

The IMF lowered its 2018 growth projections for the United Kingdom from 1.6 per cent to 1.4 per cent in its monthly World Economic Outlook.

"The IMF had pointed out in April that good times in the global economy will not last and that "jarring" contradictions between growth momentum and a conflict over trade" will ultimately slowdown the global economy. Nigeria's growth is set to increase from 0.8% in 2017 to 2.1% in 2018 and 2.3% in 2019 on the back of an improved outlook for oil prices.

Despite this slight downgrade in its projections, India continues to outperform China, IMF's WEO update figures reflect.

Kim Jong Un "enraged" by construction project delay
President", hailing the summit as the "start of a meaningful journey" toward warmer relations between the USA and North Korea . Trump's comments on Kim followed his tweet Thursday that he received "A very nice note from Chairman Kim of North Korea".

Newt Gingrich says Trump made 'the most serious mistake of his presidency'
At the joint appearance in Finland with Putin, Trump repeated the Russian leader's denials about involvement in the election. Former CIA Director John Brennan rages that, "Donald Trump's press conference performance in Helsinki . was. treasonous".

Les buts et le résumé de la finale en vidéo — France-Croatie
Après deux duels aériens perdus par les Bleus, Domagoj Vida a remis le ballon en retrait sur Ivan Perisic . Mais les Français se sont détachés après les buts de Paul Pogba (59') et de Kylian Mbappé (65').

"As the focus of global retaliation, the U.S. finds a relatively high share of its exports taxed in global markets in such a broader trade conflict, and it is therefore especially vulnerable", Obstfeld added. Growth in China is projected to moderate from 6.9% in 2017 to 6.6% in 2018 and 6.4% in 2019, as regulatory tightening of the financial sector takes hold and external demand softens, the report said. Japan's growth projection was cut to 1% from 1.2%.

The Economic Survey 2017-18 presented on 29 January had estimated that every $10 per barrel increase in the price of oil reduces economic growth by 0.2-0.3 percentage point, increases wholesale inflation by about 1.7 percentage points and widens current account deficit by about $9-10 billion.

The IMF also trimmed 2018 forecasts for some emerging market countries, notably a half percentage point cut for Brazil to 1.8% due to the lingering effects of labour strikes and political uncertainty.

The global economy is still expected to grow at a solid pace this year, but worsening trade confrontations pose serious risks to the outlook, the International Monetary Fund said Monday.

The IMF revised slightly upward 2018 forecasts for Saudi Arabia and several Commonwealth of Independent States countries other than Russian Federation.

Conseillé:

  • Venomous bird-eating spiders found on the loose in the UK

    The breed is black in colour but their legs sprout pink hairs that can all be found on their stomachs. As they are a non-native species, this is also a crime under the 1981 Wildlife and Countryside Act.
    Et si Pogba signait au Barça pour 150ME — Mercato

    Et si Pogba signait au Barça pour 150ME — Mercato

    Le club blaugrana serait prêt à débourser 150M€ pour s'attacher les services du milieu de terrain français. Le quotidien pro-catalan Sport affirme même ce lundi que Pogba aurait été proposé au FC Barcelone.
    Mob slaughters 300 crocodiles in Indonesia following death of local man

    Mob slaughters 300 crocodiles in Indonesia following death of local man

    The attack happened last week when the angry mob stormed a local animal sanctuary to avenge a local man's death. Two men stand among dead crocodiles slaughtered by a mob in Sorong in Indonesia's Papua province on Saturday.
  • Ex-minister backs new Brexit vote as eurosceptics pressure May

    Ex-minister backs new Brexit vote as eurosceptics pressure May

    He added: "I can not tell the people of WOxon [West Oxfordshire] that I support the proposals in their current form". A key piece of Brexit legislation has scraped through the Commons, despite another minister resigning over it.

    USA - Blame the United States for our broken relationship with Russian Federation

    Asked if he trusted US intelligence agencies which concluded that Russian Federation interfered in the 2016 election, Mr. Trump said, as he has countless times, that there was "no collusion" between his campaign and the Russians.
    Bryce Harper wins Home Run Derby in home park

    Bryce Harper wins Home Run Derby in home park

    The Nationals outfielder defeated the Braves first baseman 13-12 with more than 20 seconds left in regular time . Fans booed Freddie Freeman and went wild less than five minutes later when Bryce Harper came up to bat.
  • Mbappé futur Ballon d'Or, Dugarry l'annonce — PSG

    Mbappé futur Ballon d'Or, Dugarry l'annonce — PSG

    Et comme le Roi Pelé en son temps, Kylian Mbappé est un prodige du ballon rond. Ça vous donne envie de continuer à travailler pour aller plus loin.
    Donald Trump dit trouver Kim Jong-un

    Donald Trump dit trouver Kim Jong-un "intelligent" et "drôle"

    Convaincu que les efforts mutuels seront " fructueux ", il a utilisé des mots chaleureux et empreints de confiance. Une démarche qui, selon lui, permettra la tenue d'un nouveau sommet après celui du 12 juin.
    Gareth Bale holds positive talks with new Real Madrid boss Julen Lopetegui

    Gareth Bale holds positive talks with new Real Madrid boss Julen Lopetegui

    Manchester United have reportedly been monitoring Bale's situation at the Bernabeu ahead of a prospective move for the former Tottenham Hotspur star.
  • Trump's 2020 Campaign Already Has Big Warchest

    Trump's 2020 Campaign Already Has Big Warchest

    President Donald Trump is steadily building a re-election campaign war chest at a pace unprecedented in USA political history. Trump's re-election campaign, separate from the other two committees, reported raising $8.3 million in the second quarter.
    De nouvelles photos du baptême du prince Louis

    De nouvelles photos du baptême du prince Louis

    De gauche à droite à la rangée du bas: prince George, prince William, prince Louis, Kate Middleton et la princesse Charlotte. Kensington Palace a partagé sur Instagram plusieurs clichés pris à l'issue du baptême du nourrisson.
    5 best goals scored at FIFA World Cup 2018

    5 best goals scored at FIFA World Cup 2018

    The two superstars were vying to get their hands on the biggest prize in football for the first time in Russian Federation . Golden Ball victor Luka Modric stunned Argentina with this great strike for Croatia in Match 23 of FIFA World Cup 2018.


Populaire

Naissance d'un bébé en plein vol de la RAM
La passagère a accouché d'une petite fille en plein vol le 15 juillet à 0h25, quelques minutes avant l'atterrissage. Selon la RAM, la mère et son bébé se portent bien et ont été transportés à l'hôpital Sainte-Justine de Montréal.

United Kingdom police find ‘small bottle’ with Novichok nerve agent
Counter-terror detectives are trying to establish where the bottle came from and how it came to be in Mr Rowley's home. Rowley, 45, remains in serious condition at a hospital in nearby Salisbury after emerging from a 10-day coma.

Milan Badelj convoité par l’OL — Mercato
En effet, selon le site Fiorentina News , le club lyonnais aurait retenu le nom de Milan Badelj . Badelj était d'ailleurs déjà pisté par l'OL en 2010, lors de son éclosion au Dinamo Zagreb .

Usain Bolt in talks with A-League club Central Coast Mariners
Bolt is a fan of Manchester United and one of its former assistant managers, Mike Phelan, is now at the Mariners. His trial with the Mariners would not be his first run at becoming a professional football player.

Syndergaard wins in return as Mets down Nats
Roark gave up three straight singles to start the game, the last of which, by Jose Bautista , produced New York's first run. Nationals: RHP Stephen Strasburg (right shoulder inflammation) is scheduled for a rehab start Sunday for Single-A Potomac.

Prince Charles and Prince William made Queen meet Donald Trump alone
The Queen has met with every president of the U.S. , apart from Lyndon B. It is very very unusual for the Queen to be there on her own.

Thierry Henry just announced he's leaving Sky Sports
Henry is Arsenal's all-time leading scorer with 228 goals in all competitions, achieved over two spells - 1999-2007 and while on loan in 2012.

Action Rugrats Movie, Plus TV Series Reboot In the Works
As for the live-action movie with CGI characters however, I need to wait and see what exactly that looks like before signing off. Nickelodeon will announce the premiere date and additional characters in upcoming months.

Michelle Obama lets loose at Beyoncé and Jay-Z's Paris concert
Back in 2014, both Sasha and Malia, along with their mom, were spotted by concertgoers attending a show in Chicago. Michelle Obama's incredible legs caught the attention of multiple fans at a recent Beyoncé and Jay-Z concert.

Face à face Poutine-Trump
Ils étaient accompagnés seulement de deux interprètes, avant un déjeuner de travail élargi avec leur délégation respective. Naturellement au cours de cet entretien entre les deux dirigeants, les sujets qui fâchent ont été abordés.