Tuesday, 24 April, 2018

Global growth expected be 3.9 percent in 2018 and 2019

IMF maintains 3-pct growth forecast for S. Korea Corporate debt overhang exerts drag on investment in India: IMF
Preston Stone | 17 April, 2018, 21:25

The International Monetary Fund (IMF) has lowered Moldova's 2018 economic growth forecast to 3.5% from 3.7% predicted in October, according to the April edition of the global lender's World Economic Outlook (WEO) report released on Tuesday.

"Aggregate growth in emerging market and developing economies is projected to firm further, with continued strong growth in emerging Asia and Europe and a modest upswing in commodity exporters after three years of weak performance", the report said, according to Trend.

Overall, the Irish economy expanded by about 7.8 per cent in 2017, which means that iPhone sales would have accounted for a quarter of that, or about 2 per cent of overall growth.

"Growth is projected at 4.4 percent in 2018 and 4 percent in 2019", it added.

There are warnings about the risks ahead, lurking dangers that could lead to the global economy falling short of the IMF's forecasts, in addition to the concerns about trade.

The UAE is forecasting growth of 3.6 to 3.9 per cent for this year. Just 5% of money managers project the worldwide economy to be stronger in the next 12 months, the lowest level since June 2016, according to the bank's April survey.

SmartMesh (SMT*) soars 6.78% on April 16-17
SmartMesh (CURRENCY:SMT) traded up 3.9% against the U.S. dollar during the 1 day period ending at 11:00 AM ET on April 10th. The Reddit community for Humaniq is /r/Humaniq and the currency's Github account can be viewed here.

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

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

"The prospect of trade restrictions and counter-restrictions threatens to undermine confidence and derail global growth prematurely", Obstfeld said.

In an apparent reference to the steps being taken by countries like the U.S. and China, Obstfeld said that major economies are flirting with trade war at a time of widespread economic expansion may seem paradoxical-especially when the expansion is so reliant on investment and trade.

In Saudi Arabia, the biggest Arab economy which contracted 0.7 per cent past year, 2018 growth was revised up to 1.7 per cent, a 0.1 percentage point increase from the January projections.

"In the present global environment, the burden of reducing excess global imbalances should be shared through multilateral action-excess deficit and excess surplus countries alike need to adopt macroeconomic policies that align their spending levels more closely with their incomes", Obstfeld concluded, adding that unfair trade practices should be addressed by strengthening the multilateral trade system rather than by risking fragmentation.

Recommended

  • Victims recall horror of Syria chemical attack

    Victims recall horror of Syria chemical attack

    President Trump speaks during a meeting with senior military leaders at the White House in Washington , D.C., on Monday. The President also insisted that the U.S. would not remain engaged in Syria forever under any circumstances.
    What's the Meaning Behind Drake's Album Title 'Scorpion'?

    What's the Meaning Behind Drake's Album Title 'Scorpion'?

    On Monday, April 16, the Canadian rapper posted a couple of photographs on Instagram that seem to pertain to his new record. He also released his " More Life " playlist project in March 2017 and the " Scary Hours " EP in January.
    Ulster chief has grim message for Jackson and Olding supporters

    Ulster chief has grim message for Jackson and Olding supporters

    And he rejected criticism that Jackson and Olding had been effectively hung out to dry by their club and country. Appalled at the outcome - protest at the Glasgow game.
  • WWE Rumors: Why John Cena, Nikki Bella Split, Called Off Engagement

    WWE Rumors: Why John Cena, Nikki Bella Split, Called Off Engagement

    Love is beautiful, but we've had to come to the realisation after being together for five years that love is not easy. Adding, "I feel like I'd be missing out".
    Manchester City Cleared Over Garre Signing

    Manchester City Cleared Over Garre Signing

    That led the Argentine club to take the case to the Court of Arbitration for Sport (CAS), who presided over the final ruling. The court will publish the reasoned verdict on Friday.
    HMD Global to launch Nokia X on April 27

    HMD Global to launch Nokia X on April 27

    It is also unknown if the phone will be launched globally or be restricted only to China & some of the other Asian markets. As per a report by Chinese blog ITHome , HMD's upcoming smartphone will be launched on April 27 in China.
  • Kendrick Lamar wins the Pulitzer Prize for music

    Kendrick Lamar wins the Pulitzer Prize for music

    Andrew Sean Greer , a former instructor in the Iowa Writers' Workshop, took home the Pulitzer Prize in fiction for his novel Less. The New York Times staff also jointly won an award in the National Reporting category, along with the Washington Post staff.
    Xiaomi Mi 6X Leaked Specifications-Dual Cameras, Snapdragon 660 and Many more

    Xiaomi Mi 6X Leaked Specifications-Dual Cameras, Snapdragon 660 and Many more

    Xiaomi's biggest announcement of 2018 is now the Mi Mix 2S but the company has many more devices planned for the year. Apart from the 20-megapixel primary sensor , the rear camera setup may also have a 12-megapixel Sony IMX486 sensor.
    Weather Authority: Midweek chance of snow and rain

    Weather Authority: Midweek chance of snow and rain

    High temperatures should continue to slowly moderate next Monday with low to a few mid 60s expected. Wednesday: Rain likely, possibly mixed with snow before 9 a.m., then a chance of rain.
  • Twitter goes offline for few minutes

    Twitter goes offline for few minutes

    In the Down Detector website, which tracks services when they go offline, many users from Mumbai to NY were reporting outage. Millions of users around the world were left without the services of Twitter for a few minutes on Tuesday evening.
    Two EF-1 Tornadoes Confirmed in Johnson and Franklin Counties

    Two EF-1 Tornadoes Confirmed in Johnson and Franklin Counties

    The National Weather Service has confirmed a tornado struck Lynchburg and the counties of Amherst and Campbell on Sunday. In Amherst County, it crossed Virginia 130 into Elon and its wind speed strengthened to an estimated 130 miles per hour .
    Arsene Wenger Rips Premier League Over VAR Decision

    Arsene Wenger Rips Premier League Over VAR Decision

    They defended very well, were well organised and tried to counter quickly behind us. "It wasn't just one mistake, it was a few". After the game, Gunners goalie Petr Cech said the defeat summed up life away from the Emirates Stadium.

South Korean officials may visit North Korea before summit South Korean officials may visit North Korea before summit The 2 sides plan to hold working-level talks on Wednesday about arrangements for security and proceedings of the summit. Moon said the ultimate goal of his upcoming summit is to establish permanent peace on the Korean Peninsula.

Mock draft Monday: Updated seven-round Steelers mock draft Mock draft Monday: Updated seven-round Steelers mock draft What will the Cardinals do with pick 15? With that, here is how we believe the draft could shake out including one potential trade that could dictate the rest of the draft.

Castlevania: Grimoire Of Souls For iOS Revealed By Konami Castlevania: Grimoire Of Souls For iOS Revealed By Konami But a well done side-scrolling Castlevania title for Switch, PlayStation 4 and Xbox One would do unbelievable well I assume. Other characters from the series are available as well as Alucard, Charlotte, Simon Belmont, Shanoa, and Marie.

Philadelphia District Attorney Says Meek Mill Conviction Should Be Tossed Philadelphia District Attorney Says Meek Mill Conviction Should Be Tossed Judge Genece Brinkley refused to free him on bail after the announcement from the Philadelphia district attorney's office during a hearing.

Chemical weapons inspectors reach Syrian town Chemical weapons inspectors reach Syrian town Ahmed Abed al-Nafaa said helicopters were flying before the attack and when he reached the site, people were screaming "chlorine". After he was revived, he returned to the shelter and found his wife and daughters dead, with foam coming from their mouths.

Tax experts share last minute tax filing tips Tax experts share last minute tax filing tips If the government owes you money, however, the only penalty for missing the deadline is that you won't get your refund as soon. WASHINGTON ― The Internal Revenue Service is cautioning taxpayers to avoid the dangers of "ghost" tax return preparers.

Cosby Lawyers Question Accuser About Money-Making Endeavors Cosby Lawyers Question Accuser About Money-Making Endeavors Jackson has said that she and Constand worked closely together, had been friends and had shared hotel rooms several times. A judge blocked Jackson from testifying at last year's trial after Constand took the stand and denied knowing her.

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 According to the Guardian , the oldest of the coins comes from the year 714, while the most recent one dates back to the year 983. On the East German island of rügen in the Baltic sea were found hundreds of silver coins, rings, pearls and bracelets.

Government Urged To Condemn Air Strikes In Syria Government Urged To Condemn Air Strikes In Syria The US assesses that the Syrians fired about 40 missiles in retaliation, but none of them endangered the US forces and its allies. Britain says Western powers will study options if Syrian government again uses chemical weapons, but nothing is planned as yet.

Blue Screen of Death Delays Windows 10 Update Windows customers don't lose anything as they may continue to use the version of Windows 10 that is installed on their devices. The firm has recently fixed the bug with a new release yesterday , pushing out an updated Windows build for Insiders .

Russian Federation may face more sanctions from USA for supporting Bashar al-Assad Russian Federation  may face more sanctions from USA  for supporting Bashar al-Assad Both Russia and the Syrian government have welcomed the OPCW mission. The Opposition does not operate helicopters or use barrel bombs. They also set off fireworks and unleashed celebratory gunfire.

Domino's offering pizza delivery in the great outdoors Domino's offering pizza delivery in the great outdoors Six analysts have made estimates for Domino's Pizza's earnings, with estimates ranging from $672.99 million to $692.59 million. The company was maintained on Friday, September 15 by BMO Capital Markets. 91 increased stakes while 62 funds acquired stakes.

Irish political party calls for introduction of cannabis cafés Irish political party calls for introduction of cannabis cafés During an interview last month, Sharon Ali said she was hopeful the change to allow for flower would move ahead. Mr Moran added: 'It's no longer that unusual or "out there" to support the legislation of cannabis.

Facebook must face class action over face-tagging in photos: jude Facebook must face class action over face-tagging in photos: jude The class action will consist of users in IL "for whom Facebook created and stored a face template after June 7, 2011", he said. Also on Monday, Facebook confirmed that it collected information from people beyond their social network use.

Dark Souls: Remastered On Nintendo Switch Delayed Dark Souls: Remastered On Nintendo Switch Delayed Launching at a reduced price for all major systems, there's no reason not to give Dark Souls a try if you haven't ever played it. BANDAI NAMCO Entertainment previously announced the release date of DARK SOULS ™: REMASTERED for the 25 May on all platforms.