IMF to launch financial assistance talks with Pakistan-Lagarde

IMF to launch financial assistance talks with Pakistan-Lagarde

This is, however, noteworthy as the International Monetary Fund cut global growth projections by 0.2 percentage points. The IMF wants the RBI to tighten monetary conditions, something which it did not do in the October policy review.

Last month, the Swiss government, raised its GDP forecast for 2018 to 2.9% from 2.4% and, earlier this year, it was announced that Swiss exports had matched and surpassed their recent growth.

In the last few years in India private debt has declined from nearly 60 per cent to 54.5 per cent. The government expected the rate to exceed 7.5 per cent this year on the back of 8.2 per cent growth rate in the first quarter. "So, India is not an emerging market economy where leveraging is progressing fast", Gasper said.

According to reports, International Monetary Fund and Pakistan had disagreed over the exchange rate parity, as the State Bank of Pakistan (SBP) believed the exchange rate of Rs 137 to a U.S. dollar by end of the current financial year 2018-19 would be enough to address the challenges.

The eurozone's 2018 growth forecast was cut to 2.0 percent from 2.2 percent previously, with Germany particularly hard hit by a drop in manufacturing orders and trade volumes.

The IMF releases its annual WEO ahead of its meeting with the World Bank.

The Bali meetings open in the wake of an quake and tsunami on September 28 on Sulawesi island that left more than 2,000 dead and possibly thousands more missing, spotlighting disaster-prone Indonesia's safety hazards.

Death Toll from Hurricane Michael Rises to at Least Five
According to the Associated Press, six people were killed in Honduras, four in Nicaragua and three in El Salvador. Coastal residents rushed to board up their homes and stock up on bottled water and other supplies.

Speaking to journalists in Bali, the Deputy Director, Research, IMF, Gian Maria Milesi-Ferretti, said the largest economies on the continent were holding down economic development in Africa as a result of poor growth rate.

This would mark China's weakest growth since 1990 and the impact could be harsher - a decline of 1 percentage point or more - if a worst-case trade war scenario were to materialise. The fund pointed to rising trade tensions as a cause for worry and also predicted slower growth in the United States next year and beyond.

It also said renewed impetus to reform labour and land markets, along with further improvements to the business climate, are crucial.

Rebuilding Fiscal Buffers It noted that public debt has increased in emerging markets over the past decade, and is projected to increase further in numerous largest economies over the next five years.

The report applied a stress to the U.S. public sector assets, heavily concentrated in public pension funds, mortgages and student loans, finding that a scenario involving a severe recession, higher long-term interest rates and rapid falls in stock and real estate prices would shrink USA public net worth by an equivalent of 26 per cent of GDP by 2020.

It also said inflation in India is on the rise, estimated at 3.6 per cent in fiscal year 2017/18 and projected at 4.7 per cent in fiscal year 2018/19, compared with 4.5 per cent in fiscal year 2016/17, amid accelerating demand and rising fuel prices.

Trump has repeatedly touted Wall Street record highs as proof of the success of his policies and confrontational trade strategy, and frequently criticises the Fed for gradually raising interest rates, which could squeeze the brakes on equity markets.

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