Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 17 September 07:19 (GMT -05:00)



Business And Politics News

IMF Downgrades Global Economic Growth Projection For 2016-2017


The experts working for the International Monetary Fund have downgraded their global economic growth forecast for 2016 and 2017. According to the revised forecast, the experts expect weaker growth – only 3,4% and 3,6% in 2016 and 2017 respectively. At the same time, the IMF revised its economic forecasts for some specific economies.
 
In particular, they say that Brazil is going to gain only 3,5% this year, which is some 2,5% below the figures given in the previous forecast. At the same time, they expect Saudi Arabia’s economy to slow down by 1.2% and 1,9% in 2016 and 2017 respectively.
 
The USA is another economy with revised forecast. Now they expect only 2,6% growth this year instead of 2.8% expected previously. Russia is expected to lose 1% of GDP this year instead of 0.6%. As for Russia, it is expected to se a slowdown due to Western sanctions and low oil prices. It should also be noted that the IMF expects other CIS states to lose a bit GDP over the next 2 years. The CIS GDP is expected to gain as little as 1.7% in 2017.
 
At the same time, European economies are expected to advance slowly but surely, with a chance of a slight slowdown this year. When it comes to China, the IMF’s forecast stays unchanged – still 6.3% for 2016. As for 2017, China is expected toe see its GDP grow only by 6%.
For India, it is 7.5% both in 2016 and 2017. The similar forecasts for Japan remain unhanged as well – 1% in 2016 and 0.3% in 2017.
 
Reasons For Revision
 
The experts say that there are several reasons why they had to revise the forecasts. First off, it is China and its economic slowdown, which has been affecting the entire global economy. Nothing fancy given the fact that China is the second-biggest economy in the world. Some other reasons to consider are tougher conditions in credit markets and a stronger dollar. Lower commodity prices are also on the list of major factors affecting commodity economies and their national currencies only adding fuel to the fire. The European problem of migrants from the Middle East is another problem the IMF is concerned about. Those migrants are going to affect European labor markets, only aggravating economic problems in Europe. At the same time, there are several major conflicts going on on the planet, which cannot but affect the entire global economy since they keep on affecting tourism as well as finances and trade. Still, the IMF say that cheaper oil may well contribute to global economic growth.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

 
Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM