IMF says Pakistan has not approached fund for deal

11 Octobre, 2018, 21:34 | Auteur: Anatole Charbonneau
  • Settles at Rs133.6 in inter-bank market after govt opts for an IMF bailout

A report published by World Bank on Sunday said despite a modest rebound recently, there was a 10 percent depreciation compared to the beginning of the year and a 14 percent depreciation compared to one year before.

The worldwide finance agency dropped its projection for world economic growth by two-tenths of a percentage point for both 2018 and 2019 to 3.7 percent, the first time it had trimmed its economic outlook in more than two years.

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.

A bull run has taken USA equities to record highs this year.

"New vulnerabilities have emerged and the resilience of the global financial system has yet to be tested", it said in the twice-yearly Global Financial Stability Report.

"If you have the world's two largest economies at odds, that's a situation in which everyone is going to suffer", said Maurice Obstfeld, chief economist at the International Monetary Fund.

The eurozone's 2018 growth forecast was cut to 2.0 percent from 2.2 percent previously, with Germany particularly hard hit by a drop in manufacturing orders and trade volumes.

The IMF expects that Russia's growth will reach 1.8 percent in 2019, according to the World Economic Outlook report released on Tuesday.

New footage shows the devastating aftermath of Hurricane Michael in Florida
Cameras outside the International Space Station captured video of Michael as the storm continued churning over the Gulf of Mexico. A pine tree punched a hole in their roof and he said the roar of the storm sounded like a jet engine as the winds accelerated.

White House says economy 'incredibly strong' after stock-market dive
The 10-year yield is now 3.20 percent, the highest in than seven years and up sharply form 2.82 percent in late August. The problem I have is with the Fed. "I stood on the floor in the crash of '87, so this is nothing", Benedict said.

Un homme chute d'un immeuble et s'empale sur un poteau
Libération a pu se faire confirmer la véracité des faits par des témoins du drame, qui aurait eu lieu le soir du 27 septembre. Sur la première, on assiste à la chute d'un homme, depuis un immeuble, qui vient s'empaler sur un potelet de trottoir.

The report recommended emerging economies take steps to insulate themselves from a further exodus of funds from investors.

The alternative conference, which had attracted around 300 registrants from Indonesia and around the world, was to bring together dozens of civil society groups to draw attention to the impact of free trade and IMF-WB backed policies that critics say aggravate income inequality, abuse labor rights and hurt the environment.

Managing Director Christine Lagarde gestures as she arrives at a G-24 meeting during 2013 Spring Meeting of the International Monetary Fund and World Bank in Washington, April 18, 2013.

In countries with "systematically important financial sectors", total non-financial debt has risen to US$167 trillion, or about 250 per cent of their combined GDP, up from US$113 trillion or 210 per cent of GDP in 2008. "Our probability that we would attach to further bad news has gone up", Obstfeld said.

Prominent U.S. academic Jeffrey Sachs was less diplomatic in his assessment of Trump's shepherding of American trade relationships, slamming the president's repeated claims that deficits with China and other nations meant Americans were being taken advantage of.

This was the fifth devaluation of the rupee since December 2017, which has seen the local currency losing a cumulative 26 percent of its value against the greenback.

The report was written before the United States, Canada and Mexico finalized an updated trade deal.

In September, the USA implemented another round of tariffs on $200 billion worth of Chinese goods, which were met with countermeasures out of Beijing on $60 billion worth of US goods.

Conseillé:



Populaire

Chief Justice Roberts sends Kavanaugh complaints to Colorado court
Garland had been nominated to the Supreme Court by President Barack Obama, but Senate Republicans never acted on the nomination. Each federal court has a so-called "judicial council" to investigate conduct complaints and make disciplinary recommendations.

Status Orange Weather Warning For Dublin And 12 Other Counties
Callum is the third named storm of the 2018/19 season, following Ali and Bronagh which both camer in September. There is the risk of localised flooding, tricky conditions on the roads with surface water and spray.

Focus on children's mental health, WHO urges African leaders
As deputy prime minister, Nick Clegg proudly told the Liberal Democrat spring conference in 2015 that mental health services for young people would receive £250 million in extra funding for the next five years.

Jamal Khashoggi: Turkey's Erdogan urges Saudi Arabia to release images
Erdogan told reporters on a flight back from Hungary that Turkey is anxious about the Khashoggi's disappearance. He also said the USA . was working "very closely" with Turkey , "and I think we'll get to the bottom of it".

Dow industrials sink 831 points as tech stocks plunge
Amazon has soared 50 percent this year, but its stock has fallen 14 percent from its all-time high in early September. Technology companies were among the losers, with the Nasdaq Composite dropping more than 2% to 7,575.34.

Fred 'Tex' Winter dies at 96
Lakers head coach Luke Walton also expressed gratitude for Winter during his playing career. He was inducted to the Naismith Memorial Basketball Hall of Fame in 2011.

India's Sharma dreams of upset PGA Tour victory
I've been quite consistent with my play, but I didn't have enough good finishes on the board, after the win at the CIMB Classic . But this stretch for me, no doubt, is very, very important. "Obviously all three events are big events".

En garde à vue pour des couvercles : Ikea s'excuse, pas la police
Qu'à cela ne tienne, la sécurité du magasin a considéré qu'Emilie et son père tentaient de dérober... quatre tupperwares en verre. L'histoire fait le tour de la toile. "Nous nous engageons à retirer notre plainte et nous présentons nos excuses".

Arnold Schwarzenegger apologizes for past behavior towards women
And to those critics who are so pessimistic about our economy, I say: Don't be economic girly men", he'd proclaimed. The woman I was originally most in love with was my mother. "I always had respect for women".

1 milliard d'investissement (et des studios) au Nouveau-Mexique — Netflix
Netflix veut qu'Albuquerque, au Nouveau-Mexique (Etats-Unis), soit le principal lieu de création de ses contenus. C'est la toute première fois que la société de Reed Hastings rachète un complexe de studio de production.