Ghana's economy won't be fastest growing in Africa in 2018

18 April, 2018, 00:31 | Author: Manuel Hopkins
  • Global growth is expected be 3.9% in 2018 and 2019: IMF

The IMF on Tuesday predicted global growth for both this year and 2019 at 3.9 percent, unchanged from the Washington-based crisis lender's quarterly World Economic Outlook in January.

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.

"Compared with our October 2017 projection, which preceded the recent USA tax and spending changes, we now expect the United States' current account deficit for 2019 to be roughly 150 billion dollars higher", he said.

West Africa's second-biggest economy should expand 6.3% this year, the International Monetary Fund said in its World Economic Outlook released on Tuesday.

9 per cent for 2018 and 2019.

The prospect of a trade war between the world's two biggest economies has rattled financial markets for weeks.

Fear The Walking Dead season 4, episode 1 recap: What's Your Story?
All of those bullets that Eugene made were intentionally faulty and the Saviors' quick advantage was nearly immediately gone. And he kept on trying to fight it, He tried to drink his way out of it, he couldn't sleep.

The IMF official said that these trends are more due to technology change than to trade, and even in countries where trade backlash is not prominent, public skepticism about policymakers' ability to generate robust and inclusive growth has spread.

Last month, the Trump administration imposed steep tariffs on global steel and aluminum exports to the U.S. and threatened China with about $100 billion in additional tariffs.

While President Trump's tax cuts are expected to boost United States and global growth in the short term, the report warned that those effects will soon wear off as well.

However, the International Monetary Fund warns future growth prospects look challenging for advanced economies faced with ageing populations and low productivity growth, making it hard for household income growth to return to their pre-GFC pace. "Let's use it and proceed in a collaborative way rather than conflictive way", he said, adding that "[there are] not going to be any winners coming out of a trade war". But it cautioned that the plan "should be part of a broader package of financial reforms to improve the governance of public sector banks, and banks' debt recovery mechanisms should be further enhanced".

This compares with locations where smartphones are manufactured, such as Korea, where the production chain of smartphone rleated components is estimated to have contributed one-third of real GDP growth in 2017, while in Taiwan, the contribution is as high as 40 per cent. Japanese economic growth is forecast to decelerate to 1.2 percent from 1.7 percent in 2017.

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