International Monetary Fund warns Nigeria on tough times ahead
International Monetary Fund warns Nigeria on tough times ahead
Equity ETFsPakistan ETF Plunges After New Government Asks for IMF Bailout By Max Chen
11 October, 2018, 07:29
The Outlook said the global economy is expected to grow at 3.7 percent this year and next year - down 0.2 percentage points from an earlier forecast, as the trade war started to hit economic activity worldwide. The last one was in September, 2013 when the International Monetary Fund approved a Dollars 6.6 billion loan support to the government's programme to stabilise its economy and boost growth while expanding its social safety net to protect the poor.
'A sharp tightening of global financial conditions could be triggered by a further escalation of trade tensions or by a sudden shift in risk sentiment caused by rising geopolitical risks or policy uncertainty in major economies'.
The global organisation said that India's growth has rebounded from "transitory shocks" such as the demonetisation of high value currency notes and the introduction of the Goods and Services Tax.
India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform.
For China, the next fastest growing major economy, the International Monetary Fund said it was lowering the growth projections for next year made in April by 0.2 per cent to 6.2 per cent "given the latest round of U.S. tariffs on Chinese imports".
"The government has chose to do both", he said while addressing a ceremony to launch Naya Pakistan Housing Programme, a flagship project of his government to build 5 million houses in five years for low income people.
British pair feared dead as Majorca flash floods kill five
Rescue workers and military units from the Spanish mainland were heading to the area which is popular with British holidaymakers. Two Britons who were killed in a taxi are among the five people who have died during flash floods in Majorca .
The growth rate of United States for 2018 is 2.9 per cent and that of 2019 has been powered to 2.5 per cent.
Its forecast for China's 2018 GDP growth remains unchanged at 6.6%, while revised downward by 0.2 percentage points for 2019 to 6.2%.
"As a result, estimates of 2017 public debt vary considerably: the official government debt figure is 37 percent of GDP, while the data reported in the latest World Economic Outlook show it at 47 percent of GDP, and the "augmented" debt measure, which includes more off budget borrowing by local governments, stands at 68 percent of GDP", he said.
Gasper said China had substantial government assets, reflecting years of high infrastructure investment.
To cool inflationary pressure, the American central bank, the Federal Reserve, is raising interest rates, which acts as a further attraction to global capital because returns are higher. In India, a high interest burden and risks from rising yields require continued focus on debt reduction to establish policy credibility and build buffers.
Russian Federation was among the few energy-rich emerging market countries whose growth forecasts were bumped up. China's economy is also showing signs of moderating and that could be exacerbated by its trade disputes with the United States, which has imposed tariffs on $250 billion worth of imports from Beijing and is threatening duties on $267 billion more.
New York Yankees fans probably aren't too happy with the folks in charge of Major League Baseball's official Twitter account. Martinez and the 108-win Red Sox reached the AL Championship Series for the first time since Boston won the title in 2013.
Additionally, several of gospel and R&B's heaviest hitters will assemble for what's sure to be a touching Aretha Franklin tribute. XXXTentacion's mother was proud and tearful as she accepted her late son's posthumous American Music Award on Tuesday night.
But critics said Kavanaugh's demeanor raised questions about his temperament and potential political bias in deciding cases. The complaints deal with statements Kavanaugh made during his confirmation hearings and were initially filed with the D.C.
Google says the Pixel Visual Core chipset that handles imaging is back but we are not sure if this is the same or an upgraded one. Another highlight of the tablet is the Split screen that is integrated for smooth multitasking and Google Assistant .
According to the global agency, 10 to 20 per cent of children and adolescents worldwide suffer from mental disorders. One such discussion was held on Twitter earlier this year during May, which is considered as Mental Health Month.
The impetus for the fast-moving bankruptcy preparation is a $134 million debt payment due this coming Monday. Sears' acting spokesman, Howard Riefs, said Brathwaite had informed the retailer of his exit last month.
It was written by 91 authors from 40 countries and approved by the Intergovernmental Panel on Climate Change on Saturday. Currently, the world has seen 1C of warming over the past 115 years, according to a U.S. report last year.
Following the wedding at St George's Chapel in Windsor, Eugenie's title will become "HRH Princes Eugenie, Mrs Jack Brooksbank ". Earlier this week, Eugenie posted a photo on Instagram of her and Beatrice as bridesmaids with the caption #tbt sisterly love.
It's been a while since I've been called up and this is the first time I've been selected since I've been with Chelsea . I [asked] him: 'Big one?' and he said: 'I don't think so, but big enough that I go off'".
"Polio-like" Disease may spread in Minnesota after Six Cases
So, just be sure to practice smart prevention measures such as getting vaccinated, washing your hands and avoiding bug bites. CDC specialists will make the final determination as to whether the cases in Washington are AFM, state health officials said.
Vikas Bahl slaps legal notices on Anurag & Vikramaditya
However, the piece was also critical of Mr Kashyap's way of handling the matter, including the delay in calling Vikas Bahl out. The defamation notice alleges that Mr Kashyap and Mr Motwane acted on hearsay to paint Mr Bahl as the villain of the piece.
Google Home Hub vs Amazon Echo Show
The third in its line of high-end smartphones, the Google Pixel has previously impressed reviewers with its camera quality . Financial analysts said it is hard to evaluate Google's hardware business as it is overshadowed by profits from search ads.
A New Version of The Legend of Zelda Just Launched on Switch
The month's updates to the NES library have included a special treat for those who haven't beaten the original Legend of Zelda . You'll begin with all equipment, including the White Sword, the Magical Shield, the Blue Ring, and even the Power Bracelet.
Meghan Markle's ex-husband Trevor Engelson gets remarried
Trevor is said to have met Tracey in 2017 and she is credited with helping him to come to terms with Meghan's new relationship. In a truly weird moment during the interview, she also showed off the cardboard cutout she bought of Meghan's face in London.