International Monetary Fund urges nations to avoid trade wars risking global economy

15 Avril, 2019, 21:30 | Auteur: Auguste Feret
  • International Monetary Fund urges nations to avoid trade wars risking global economy

While growth is projected to firm up in 2020, "risks remain tilted to the downside", according to a communique by the International Monetary and Financial Committee, the main advisory panel of the IMF's 189 member countries.

"The global expansion is continuing but at a slower pace", IMFC Chairman Lesetja Kganyago, governor of the South African Reserve Bank, said at a press conference on Saturday.

"I think this is true for all global institutions with the concerns about what's happening with world cooperation with multilateralism", Gopinath told Xinhua in a recent interview on the sidelines of the spring meetings of the World Bank and the IMF in Washington.

He said: " At the 39th meeting of the IMFC, we agreed to protect the expansion, we will continue to mitigate risk, enhance resilience, and, if necessary, act promptly to shore up growth for the benefit of all.

Coinciding with the institutions' meetings was a gathering of world financial leaders and central banks, who said the global economy was likely to pull out of a brief slump later this year.

In Japan, the economy is projected to expand by 1 percent in 2019, and the International Monetary Fund expects a gradual slowdown in growth to 0.5 percent next year.

The IMF on Tuesday lowered its global growth forecast for 2019 to 3.3 percent in its latest World Economic Outlook (WEO) report, down 0.2 percentage point from its estimation in January, signaling a broad-based slowdown.

"Asia also needs to focus on policies to sustain its growth momentum over the longer run in the face of declining productivity growth and rapid aging", Rhee said.

Trade policy uncertainty could pose a renewed threat to growth, he said.

Kate takes on extra duties: 'Preparing to be Queen'
Burrell says that Middleton will be wearing the diamond consort crown created in 1937 by Garrard & Co. for Queen Elizabeth. In the Duchess' case, it seems likely that it'll be the one that once belonged to the Queen Mother.

Masters 2019: Tiger Woods' caddie wears Saquon Barkley jersey for Sunday round
While it might seem like an odd wardrobe choice, it's not the first time he's shown love to his favorite teams as Wood's caddie. Tiger Woods may be rocking his mock turtleneck at The Masters this weekend, but he isn't the only one making a statement.

" Moi je prends 500 euros par week-end".
L'échange entre les deux hommes a eu lieu à Toulouse , samedi 13 avril 2019, lors de l'acte 22. Une chose est sûre, en provoquant Maxime Nicolle, le CRS a jeté de l'huile sur le feu...

There is some cause for optimism.

Kristian Rouz - Deputy People's Bank of China (PBOC) Governor Chen Yulu says Beijing plans to further open up the nation's economy, particularly the financial sector, in a bid to boost foreign direct investment (FDI) and GDP growth.

In Europe, numerous global factors weighing on growth appear to be waning, keeping alive expectations for a recovery in the second half of the year, European Central Bank President Mario Draghi said. -China trade agreement would go "way beyond" previous efforts to open China's markets to US companies and hoped that the two sides were "close to the final round" of negotiations.

Even if they do come to an agreement, a trade deal between the world's two biggest economies could have unintended consequences if China commits to purchases of United States goods that crowds out imports from other countries in Asia, Changyong Rhee, head of the IMF's Asia-Pacific department said on Friday.

Asked about trans-Atlantic trade tensions, European Commissioner of economic affairs Pierre Moscovici said it's time for the EU and U.S.to "cool down" and steer clear of a trade war.

U.S. Treasury Secretary Steven Mnuchin told reporters on the sidelines of the meetings that a U.S.

Japan, which will kick off its own negotiations with the Trump administration in Washington on Monday aimed at averting automotive tariffs, also bemoaned the current state of trade.

But Chen Yulu, deputy governor of People's Bank of China, struck a less positive stance in his remarks to the International Monetary Fund policy committee, contending that rising trade protectionism in the form of punitive tariffs had already begun to disrupt global supply changes.

Conseillé:



Populaire

Agnès Varda en pleine lumière à l'affiche du Festival de Cannes
Après Jean-Luc Godard l'année dernière, Agnès Varda est à l'honneur de l'affiche du Festival de Cannes cette année. Elle vint souvent à Cannes montrer ses films: treize fois en Sélection officielle.

Un incendie en cours à Notre-Dame de Paris
L'incendie intervient au premier jour des célébrations de la Semaine sainte qui mène à Pâques, principale fête chrétienne. Un incendie est en cours à Notre-Dame dans le 4 arrondissement de Paris, ce lundi 15 en début de soirée.

NYC health officials warn against 'measles parties' amid biggest outbreak in decades
There have been two reported cases of measles in CT this year - and none since February 4. Those who don't comply and can't prove their immunity could be fined up to $1,000.

Rare female turtle dies in China, leaving behind only three others
The death of a 90-year-old female Yangtze giant softshell turtle on Saturday leaves only three of the world's rarest turtles. Only three others are known to exist, one at the Suzhou Zoo and two others in separate lakes in Hanoi, Vietnam.

Un oiseau protégé a tué l'homme qui l'hébergeait
Selon le zoo de San Diego, en Californie, le casoar est tout simplement "l'oiseau le plus dangereux du monde" . Lanimal semble avoir attaqué le septuagénaire après que celui-ci est tombé.

WATCH Devastation Wrought by Deadly Tornado in Texas
As the storm moved east, one person was killed by a tornado in the northern MS , according to Monroe County Coroner Alan Gurley . He says 13-year-old Sebastian Omar Martinez died during flash flooding in the community of Bawcomville, near Monroe.

Fisher-Price : Une balancelle liée au décès de nombreux bébés
Les enfants souffraient déjà de problèmes de santé selon la marque, qui dénonce aussi une mauvaise utilisation du produit. Selon SudInfo , trente-deux enfants seraient décédés dans ce petit lit.

Stormy Weather Threatens to Wreak Havoc With Boston Marathon
Hours of running and countless miles on the road, all invested in an effort to minimize the pain of the ensuing 26.2 miles ahead. Some 2,500 runners were treated by medical staff for hypothermia and other conditions related to the cold, wet weather.

Unai Emery sought advice from Javi Gracia before taking Arsenal job
Tuchel is very close to his players, he likes to joke with us, he's always laughing, and I think it's important for the team. Emery continued: "For example, we had dinner, their coaches and our coaches, one day in St Albans in September.

Rose Hill Student Dies After Fall from Keating Hall Tower
Sydney Paige Monfries, 22, from Portland, Oregon, fell from a bell tower as she attempted to take photos of the NY skyline. However, a senior, Anne, who declined to give her last name, said that "the doors aren't always locked".