IMF to launch financial assistance talks with Pakistan-Lagarde

Govt decides to ‘immediately’ approach IMF

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.

Google Chromecast 2018 launched with minor design, specs upgrade
After lab-testing the Pixel 3 XL , they've concluded that the OLED Pixel 3 XL display has earned the "highest A+ rating" as well. The phone is made of glass, which means that Pixel 3 phones will be the first Google Pixel phones to support wireless charging.

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.

Related News:



Most liked

Indonesia's grim search for disaster dead draws to a close
Those zones were all but destroyed by liquefaction, a phenomenon where the brute force of a quake turns soil to quicksand. Save the Children's affiliated organisation in Indonesia said there could be as many as 1,500 children still missing.

Senate confirms 15 more judges, wrapping up a GOP priority
Dianne Feinstein, D-Calif., who some Republicans have accused of leaking Ford's letter claiming sexual assault by Kavanaugh. Registered voters are better informed, but more than a quarter of them also say they don't know how their Senators voted.

Market Outlook: China cuts reserve requirements
Depreciation pressure on the renminbi has grown since mid-April, when the strength of the USA dollar gathered pace. It is the fourth time the country's central bank has cut its reserve requirement this year.

Rescuers, Army personnel search for Hurricane Michael survivors
It weakened to a storm as it moved inland towards the north-east , but at least six people have died, a lot of them in Florida. Michael, which decreased to a tropical storm overnight, is continuing to weaken as it moves along the southeast US coast.

Tanzanian billionaire Mohammed Dewji rescued
In 2016, Dewji signed The Giving Pledge in 2016 and promised to donate at least half his fortune to philanthropic causes. The armed men were foreigners, the Swahili Times reported on Twitter, citing Police Commander Lazaro Mambosasa.

China admits detaining missing Interpol chief, accuses him of bribery
The statement said Meng's "insistence on doing things in his own way meant he only had himself to blame for the investigation". Interpol President Meng Hongwei delivered his opening address, in July 2017, at the Interpol World congress, in Singapore.

Khabib Nurmagomedov Threatening To Take Nuclear Option With UFC
If people wanna see it, if the UFC wants to pay for it, I know Khabib will enjoy a record breaking number, like I said before. Khabib Nurmagomedov threatens to quit the UFC should the UFC release his teammate in the fallout of the UFC 229.

Malaysia Moves Ahead on Effort to Abolish Death Penalty
In a statement on Thursday, Amnesty International said the decision was a " major step forward ". Amnesty International also cheered the news, calling it "an astounding announcement".

First poster for Disney's "Aladdin" live-action movie teases Genie's arrival
Aladdin plans to uses these wishes to win over the attractive Princess Jasmine, but the evil Jafar has other plans. The " Aladdin " remake also stars Mena Massoud as Aladdin , Naomi Scott as Jasmine and Marwan Kenzari as Jafar .

Facebook launches AI-powered video chat devices
It should be noted that the company actually delayed the release of Facebook Portal until after the Cambridge Analytica scandal . The company states that it won't allow Facebook to listen, view or even keep track of the contents of video calls over Portal .

Samsung's Galaxy X Will Morph From Tablet to Phone
Moving on from the camera department, the Samsung Galaxy A9 comes with an unknown octa-core processor that's clocked at 2.2 GHz. The ultra-wide camera (120°) has an 8MP sensor and f/2.4 lens and finally there's a 5MP depth sensor for bokeh effects.

Buyer of Banksy work that self-destructed to keep it
He said the auction house was still "busily figuring out" how the transaction for the now radically altered work will play out. Banksy also created a documentary file " Exit Through the Gift Shop " that was billed as the first street art disaster movie.

IL reports 9 recent acute flaccid myelitis cases
The condition is rare, with only 1 in 1 million people in the United States contracting the disease, according to the CDC. A hospital spokesperson couldn't release details about the patient's age, condition, or sex due to health privacy laws.

World Mental Health Day observed
No wonder mental health schemes and mental healthcare are not so advanced in India, as in the Western world. "In fact, I have never come across such a focus on mental health awareness in a prep school before".

Razer Phone 2 brings faster performance, Razer Chroma - Mobile Phones
You can choose to have the logo light up when you get app notifications or have it display different effects. The new phone is an updated version of the brand's flagship Razer Phone, which was launched previous year .