Friday, 18 January, 2019
  • Finance
  • 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

Subhash Garg as economic affairs secretary is the “alternate governor” for India on the IMF’s board of governors Subhash Garg as economic affairs secretary is the “alternate governor” for India on the IMF’s board of governors
Orlando Vargas | 17 April, 2018, 21:50

Adviser to Prime Minister on Finance Miftah Ismail leaves for Washington to attend spring meetings of the International Monetary Fund (IMF) and the World Bank a few days before the last federal budget of the PML-N government to be announced on April 27. Higher barriers to trade and lower foreign direct investment following Brexit next year would prevent Britain from performing better, it said.

The International Monetary Fund has revised its economic growth forecast for the Czech Republic in 2018 from a projected 2.6 percent in the fall of previous year to 3.5 percent of the GDP.

It urged nations to use a "window of opportunity" to carry out reforms to boost growth rates before the current upswing - the strongest since 2010 - petered out.

The U.S. economy will grow 2.9% this year, the IMF said, up 0.2 percentage point from the fund's forecast in January.

"The need for fiscal consolidation as a result of structurally lower oil revenues, security challenges, and structural impediments weigh on the medium-term prospects for many economies in the region", the report said.

"Once the cyclical upswing and USA fiscal stimulus have run their course, prospects for advanced economies remain subdued, given their slow potential growth".

According to the IMF's World Economic Outlook (WEO) report, the country's economic growth is expected to be 7.8 per cent in 2019.

Republicans Fight Back Against Comey's 'Attacks' on Trump
Trump cited the memo in firing Comey, and Comey said he came to believe Rosenstein was "part of the family now". In it, Mr Comey wrote that Mr Trump, in a private meeting, pressed the then-FBI director for his loyalty.


New Star Wars Han Solo TV Spot Teases More Of Its Story
The Han and Chewbacca interaction feels right, even if other parts of it seem to still be trying to find the right footing.


Alert over 'malicious' Russian cyber attack
He said it was now possible to identify the culprits behind many attacks, including state actors like Russian Federation . Shortly after the announcement, the White House said Joyce would leave his post and return to the U.S.


"We also project near-term improvements for several other emerging market and developing economies, including some recovery in commodity exporters".

For the United Kingdom, the report says that unemployment close to historic lows could add to inflationary pressures, by triggering faster wage growth.

He said the recent tax reform in the U.S. will make things worse, stating "we now expect the USA current account deficit for 2019 will be roughly $150 billion higher", as a result of the tax and spending changes introduced earlier this year.

The IMF expects a 3.9 percent growth of Azerbaijan's GDP in 2019.

"Against that positive backdrop, the prospect of a similarly broad-based conflict over trade presents a jarring picture", Maurice Obstfeld, IMF's Economic Counsellor and Director of the Research Department, said in remarks accompanying the outlook. "These developments have created room for monetary policy to support activity should downside risks to growth materialize", it said, at a time most analysts believe a long pause from the Reserve Bank of India on policy rates.

Rather than lower the trade deficit, as Trump has called for, the United States trade actions could expand it by $150 billion by 2019, he said.

Are we alone? Nasa's new planet hunter aims to find out
Cosby's accuser denies framing him

Recommended

  • Lung cancer survival improves with immunotherapy, according to studies

    Lung cancer survival improves with immunotherapy, according to studies

    A course of treatment with Keytruda can cost $150,000, so an expanded market could mean billions of dollars in additional revenue. Dr Sung Poblete, president of Stand Up To Cancer , which funded this research, said: "It may be a game-changer".
    Apple Inc. (AAPL): Investors Alert

    Apple Inc. (AAPL): Investors Alert

    Michael Novogratz decreased its stake in Apple Inc ( AAPL ) by 52.7% based on its latest 2017Q4 regulatory filing with the SEC. Brandywine Glob Ltd Liability Corp invested in 0% or 19,801 shares. 13,314 were reported by Fairview Capital Mgmt Ltd Co.
    Facebook Messenger is now forcing some users to check their privacy settings

    Facebook Messenger is now forcing some users to check their privacy settings

    During this week's hearings Zuckerberg talked about users having informed consent but that's not happening in the courts. So you think that you're pretty smart because you never signed up for a Facebook account.
  • Here's why NC gas prices are surging

    Here's why NC gas prices are surging

    Diesel prices increased, but not as much, during the same period, going up by an average of 3 cents per gallon, OfReg reported. If you go to the gas pump in Baton Rouge today you should notice a slight increase in what you are paying for gas .
    Debenhams (DEB) PT Lowered to GBX 21 at Goldman Sachs

    Debenhams (DEB) PT Lowered to GBX 21 at Goldman Sachs

    Financial Srvcs (IYG) by 17,866 shares to 110,664 shares, valued at $14.44 billion in 2017Q4, according to the filing. (NYSE:GS). Goldman Sachs Group Inc now has $98.21 billion valuation. (NYSE:GS) was sold by SCHWARTZ HARVEY M on Friday, October 20.
    Two Koreas May Announce Official End to 68-Year Conflict

    Two Koreas May Announce Official End to 68-Year Conflict

    North and South Korea are set to finally declare an end to the Korean War , almost 70 years after it began. The two sides reached an armistice to end hostilities in 1953, but there was never a peace treaty.
  • Asteroid barely misses Earth

    Asteroid barely misses Earth

    Five years ago, the 10,000-ton, 56-foot Chelyabinsk meteor exploded over Russian Federation with the force of 30 atomic bombs . Andrew Cheng, who led the NASA mission during the year 2000-2001 told Fox News that "It doesn't take a very large object".
    Real Madrid chief Butragueno: We want Isco to stay

    Real Madrid chief Butragueno: We want Isco to stay

    However, while it did look like a move for David De Gea was out of reach, it looks like Real Madrid may finally be in luck. He has been limited to just two La Liga starts but remains defiant about succeeding at the club.
    Maple Leafs narrow gap in Game 3

    Maple Leafs narrow gap in Game 3

    It was the type of goal that has defined Matthews in his young career with a nose for the net and a quick release in traffic. Game 4 is Wednesday in Denver. - The Leafs opened the scoring on a first-period power play, which was a good omen for them .
  • Cosby's accuser denies framing him

    Cosby's accuser denies framing him

    Both worked at Temple University around the time Constand says Cosby drugged and molested her at his suburban Philadelphia home. During cross-examination, Constand struggled to remember why she'd sent them but said she was only trying to help out a friend.
    Gorgeous Gossip: DAMN! Kendrick Lamar Wins 2018 Pulitzer For Music

    Gorgeous Gossip: DAMN! Kendrick Lamar Wins 2018 Pulitzer For Music

    The Poetry prize was scooped by Frank Bidart's Half-Light, while Prairie Fires by Caroline Fraser was triumphant for Biography . The multi-Grammy award-winning artist is the first to win the prestigious award from a non-classical or jazz category.
    California rejects some border tasks

    California rejects some border tasks

    Officials said they are planning for a mission that would include some 2,000 troops in total. We got a signal from California they're interested in improving border security.

Are we alone? Nasa's new planet hunter aims to find out Are we alone? Nasa's new planet hunter aims to find out The satellite will seek to find exoplanets that have the most promising conditions for supporting life, NASA said. Cosmos will bring details of the rescheduled launch as soon as they are known.

Drake releasing new album in June, probably called 'Scorpion' Drake releasing new album in June, probably called 'Scorpion' On Monday, April 16, the Canadian rapper posted a couple of photographs on Instagram that seem to pertain to his new record. The title is assumed to be a reference to the Scorpio, which is Drizzy's astrological sign since he's born on October 24.

London stabbing: man killed in Forest Gate London stabbing: man killed in Forest Gate Scotland Yard said officers were working to formally identify the victim and that an investigation had been launched. It follows the fatal stabbings of two people in separate domestic incidents in the capital on Sunday.

Intelligence agencies warn of broad campaign by state-sponsored Russian hackers Intelligence agencies warn of broad campaign by state-sponsored Russian hackers American and British crimefighters have launched another round of pin-the-tail-on-the-Russians - with a warning that Moscow-backed hackers are trying to subvert the world's network devices.

Xiaomi Mi 6X to Arrive In Five Colors Xiaomi Mi 6X to Arrive In Five Colors The device will have an 18:9 1440×720 LCD display, though we don't know what size the actual display will be. The device will be unveiled in the Chinese and Indian markets only; if the leaks are to be believed.

More than 20% of Trump re-election campaign spending going to legal fees More than 20% of Trump re-election campaign spending going to legal fees Trump chose - unlike their predecessors - to begin to actively engage in fundraising at the beginning of his first term. The campaign spent approximately $3.88 million during this time frame-legal fees constituted 20% of the disbursements.

India, Sweden to Deepen Collaboration Through Strategic Innovation Partnership India, Sweden to Deepen Collaboration Through Strategic Innovation Partnership Modi said after the talks, "A key pillar of our bilateral ties is our defence and security cooperation". Apart from these two nations, he will also visit Germany on April 20 briefly.

Nawaz Sharif, Maryam to leave for London tomorrow Nawaz Sharif, Maryam to leave for London tomorrow However, the former prime minister's son-in-law, retired Captain Muhammad Safdar, was among the attendees in the court. Nawaz Sharif and his daughter Kulsoom Nawaz are facing corruption references in the accountability court.

Schoolboy with metal detector unearths ancient Viking hoard of Harald Bluetooth's treasure Schoolboy with metal detector unearths ancient Viking hoard of Harald Bluetooth's treasure More than 100 of the coins have Christian crosses on them and are believed to have been minted in the kingdom of Bluetooth. The entire treasure was uncovered by experts last weekend, the Mecklenburg-West Pomerania state archaeology office said.

School District to search for new superintendent School District to search for new superintendent Tuesday to discuss its budget for services provided through the Board of Cooperative Educational Services, also known as BOCES. The task force is made up of 21 administrators, teachers, students and bus drivers under the direction of Superintendent Dr.

EPL: Giroud helps Chelsea secure comeback win over Southampton EPL: Giroud helps Chelsea secure comeback win over Southampton We work very hard every day. "It's hard now to explain the reasons why we're struggling in this way this season", Conte said. Doubts have been expressed over Conte's future and the Italian says he is not thinking about next season with the club .

Vintage D-Wade Leads Heat To Big Game 2 Win Over Sixers Vintage D-Wade Leads Heat To Big Game 2 Win Over Sixers BC-BKN-Heat-76ers, 675Wade turns back the clock and 76ers in Game 2 Heat victoryAP Photo PACS103, PACS101, PACS105Eds: APNewsNow. He then cocked the ball back, acting like he was going to chuck it, before finally tossing it in angrily.

Dark Souls: Remastered Switch Version Delayed to Ambigious 'Summer' Release Date Dark Souls: Remastered Switch Version Delayed to Ambigious 'Summer' Release Date All of these platforms excluding the Nintendo Switch will receive Dark Souls: Remastered on May 25th. Dark Souls: Remastered will run $39.99 and release for Xbox One , PlayStation 4 and PC on May 25th.

Thousands of popular Android apps are covertly tracking kids, study finds Thousands of popular Android apps are covertly tracking kids, study finds It just feels odd to see some of the most important iPhone X features being replicated by Google so fast. The program allows developers to submit their apps to make sure those apps are COPPA-compliant.

Syria's air defenses respond to missile attack over Homs Syria's air defenses respond to missile attack over Homs Syria and its ally Russian Federation deny any chemical attack took place - with Russian Federation calling it a "staged thing". The Group of Seven leading industrialized nations has issued a joint statement endorsing the USA -led air strikes in Syria.