IMF raises outlook for Canadian economy to 2.3%

India To Grow At 7.4 per cent In 2018 IMF			 0					By		Amit Bhanot

26, focusing this year on the theme "Creating a Shared Future in a Fractured World".

The International Monetary Fund says USA tax reform and its associated fiscal stimulus will give a temporary boost to the US economy, which will have a spillover effect for Canada and Mexico.

In the latest update to the IMF's World Economic Outlook, almost all the forecasts for 2018 and 2019 were revised upward compared to the October edition.

However, the Fund warned that the recent rallies across financial markets, ranging from stocks to corporate bonds, were a reason to worry.

Global output is estimated to have grown by 3.7 percent in 2017, which is 0.1 percentage point faster than projected in the fall and 0.5 percentage point higher than in 2016.

Advanced economies are seeing solid simultaneous growth, and the USA tax reform passed just before Christmas will have a measurable effect, at least for a couple of years.

The IMF expects the USA growth to accelerate to 2.7 percent this year, from 2.3 percent in 2017, citing increased investment as businesses take advantage of lower corporate tax rates.

The US economy is projected to grow 2.7% this year versus 2.3% seen in a WEO update in October.

Turkey has 'legitimate security interests' in Syria
The state-run Anadolu Agency said the Turkish-backed fighters had penetrated fivekilometres into Afrin. He played down any negative impact on the Turkish economy.

Paul George + PlayStation: Introducing the PG-2 PlayStation Colorway
On each sneaker's tongue, there's a logo (one for George Paul and one for PlayStation) that lights up when you press it. Nike teamed up with Sony to create this special Playstation-inspired colorway as a tribute to Paul's love for gaming.

Novak: Oil market will get balanced within current year
After talks, attitudes are the quota deal to continue, revealed the Saudi Arabian Energy Minister Khalid Al-Falih. He expressed hope that the situation on the oil market will keep improving.

Growth for 2019 is forecast at 2.0 per cent, up from an earlier projection for 1.7 per cent. In the IMF's previous forecast, it saw the US economy expanding by 2.3 percent in 2018 and 1.9 percent in 2019.

The lender noted that the upward revisions to the global outlook arises primarily from advanced economies, where growth is now expected to exceed 2% in 2018 and 2019.

The Fund cited "increased global growth momentum and the expected impact of the recently approved U.S. tax policy changes" for its fresh optimism. Now those figures have been revised up to 2.7 percent in 2018 and 2.5 percent in 2019.

Japan saw a rare and large upgrade of five-tenths for this year to 1.2 percent.

However, the rosier outlook came with a major caveat on financial markets, which the International Monetary Fund warned could be at the risk of a confidence-shaking correction.

"Trade is again growing faster than global income, driven in part by higher global investment, and commodity prices have moved up, benefiting those countries that depend on commodity exports", Mr Obstfeld said.

And the absence of worries in the near term could prompt financial market players to look for riskier and more profitable investments "and amplify the buildup of financial vulnerabilities", the International Monetary Fund warned.

The IMF revised down its growth estimate for South Africa to 0.9% for this year and next amid concerns over political uncertainty. "Firstly, policy makers should use these circumstances to make the structural or fiscal reforms that are too hard to make in more difficult times", she said.

Related News:

  • Giants Could Close Deal With Shurmur Tuesday

    Giants Could Close Deal With Shurmur Tuesday

    An official announcement that Shurmur will coach the Giants appears inevitable and will likely happen later this week. Others are skeptical of Shurmur as New York's next head coach. "I'm not surprised", Shurmur said.
    Arsenal 'Made Enquiry' About Another Manchester United Player During Alexis Sanchez Talks

    Arsenal 'Made Enquiry' About Another Manchester United Player During Alexis Sanchez Talks

    Of course there will be a degree of uncertainty with how he deals with the move to the Premier League but he deserves his chance. But United came in with a bigger offer to beat their rivals to one of the most coveted soon-to-be free agents in world football.
    Real Betis v Barcelona - story of the match

    Real Betis v Barcelona - story of the match

    The visitors scored all five goals as they dominated the second-half to extend their unbeaten league record. On Saturday, Atletico was held to a 1-1 home draw against Girona, while Valencia lost 2-1 at Las Palmas.
  • Natalie Portman says she experienced 'sexual terrorism' at 13

    Natalie Portman says she experienced 'sexual terrorism' at 13

    The second Women's March marks a year since US President Donald Trump's inauguration sparked protests around the globe. Portman said these experiences meant she developed a completely new outlook on which film roles she would accept.
    Massive manhunt underway after EXPLOSIONS rock Florida mall

    Massive manhunt underway after EXPLOSIONS rock Florida mall

    Authorities say the devices caused damage to a drop ceiling and to the wall of a docking area where trucks load and unload cargo. Polk County Sheriff's Office, the State Fire Marshall, and the Hillsborough Sheriff's Office Bomb Squad are on the scene.
    Will Aamir Khan's Secret Superstar top China box office?

    Will Aamir Khan's Secret Superstar top China box office?

    Compared to " Dangal " (2016), " Secret Superstar " (2017) has received a much higher audience rating with positive feedback. Secret Superstar earned 48 crores upon the day of release including paid previews and this number is astonishing.
  • Apple May Give You The Power To Mute HomePod Mics

    Apple May Give You The Power To Mute HomePod Mics

    Apple planned to release its HomePod smart speaker last December but was unable to deliver the device before the holiday season. A slight twist on Echo's cylindrical look and shorter, squatter device, HomePod has already seen pushback on its release date.
    Concerns Pyeongchang Games being used for political purposes

    Concerns Pyeongchang Games being used for political purposes

    North Korea's planned involvement in Pyeongchang is viewed as a sign of easing tensions over its nuclear and missile program. The North Korean delegation will also include 24 coaches and officials, plus 21 media representatives at the Games.
    Donald Trump insists he exercises after physician's concerns

    Donald Trump insists he exercises after physician's concerns

    He now works as director of the MoCA Clinic and Institute in Quebec and is affiliated with McGill and Sherbrooke universities. But the president offered a different interpretation. "It's not a psychiatric assessment". "Physical exam.
  • Australian Open: Drama-free Madison Keys Storms Through to Second Week

    Australian Open: Drama-free Madison Keys Storms Through to Second Week

    She served out the second set at love and then got critical service breaks in the first and fifth games of the third. The 22-year-old next faces Taiwan's Hsieh Su-wei or former champion Angelique Kerber .
    Oil posts biggest weekly loss in at least a month

    Oil posts biggest weekly loss in at least a month

    The International Energy Agency said on Friday that it was revising higher its forecasts for USA oil production growth. OPEC has a self-imposed goal of bringing oil inventories in industrialised countries down to their five-year average.
    Super Bowl LII is set: Philadelphia Eagles vs New England Patriots

    Super Bowl LII is set: Philadelphia Eagles vs New England Patriots

    But on Sunday, he was the star, ignoring pass rushers coming after him and exploiting flaws in the Vikings' secondary. He capped off his prolific day with a 5-yard touchdown pass to Jeffrey to make it 38-7 early in the fourth quarter.


Most liked

ONGC Shares Surge On Deal To Buy Majority Stake In HPCL
With the completion of the deal, ONGC acquired 51.11 per cent in HPCL for a consideration of Rs. 473.97 per share. India has about a dozen state-owned oil and gas companies, with significant overlaps in operations.

Future Nokia flagship could have five camera lenses
The smartphone will be powered by the Qualcomm Snapdragon 835 SoC and offers 6GB of RAM and 128GB of internal storage. Five of these holes will include camera lenses, while the remaining two are said to have two LED flashlights.

New texts from Federal Bureau of Investigation official removed from Mueller probe delivered to Congress
He additionally requests the "degree and scale" of some other records from the Clinton examination that have been lost. But based on this text, it sounds as if Lynch was already aware what the FBI Director's conclusion was going to be.

Kendrick Lamar to perform at Darien Lake June 3
Seven-time Grammy Award victor Kendrick Lamar is set to perform in Albuquerque on May 15 at Isleta Amphitheater. This year TDE has a new ScHoolboy Q album and the Black Panther soundtrack on the way among other projects.

Eagles fly into Super Bowl, rout Vikings 38-7
Just as he was about to unleash a pass toward wideout Adam Thielen in the left flat, Long arrived in the pocket. Wayne Prutzman, the owner of Dukey's Cafe in Wilkes-Barre, puts the NFC Championship game on the TV on Sunday.

Ruth Bader Ginsburg Talks #MeToo Movement, Shares Her Stories: 'It's About Time'
It looks like we're all going to be "Ginsburned" - as Saturday Night Live comedian Kate McKinnon would say -for a while. When Supreme Court Justice Ruth Bader Ginsburg began her legal crusade, women were treated differently than men by law.

40% rating the lowest in first year of any elected President
Partisanship played the major role in the CNN poll's results. "Those words don't dissipate like mist in the air". That average speaks to Americans' feelings about the unpopular president throughout his first year in office .

IPhone X boosts Dixons Carphone sales
It now trades from roughly 1,000 shops but has raised the prospect of a significant shrinking of its estate over time. Livingstone added: "Seb has made an outstanding contribution to both the creation and success of Dixons Carphone".

Pence vows US will support Egypt's terror fight
Later, after meeting U.S. troops near the Syrian border, Pence said he and Abdullah had 'a very frank discussion'. With the Palestinians boycotting Pence, the Israel visit provides little obvious opportunity to build bridges.

Richest one percent made 82% of wealth created previous year : Oxfam
Across the world , women consistently earn less than men and are usually in the lowest paid and least secure forms of work. Four out of five dollars earned in 2017 are in the pocket of the richest people in the world .

Pakistan look to turn the tide against New Zealand
What to expect: Mostly cloudy with scattered rain is the forecast predicted, which might bring Duckworth Lewis into the equation. But in the end, the target of 272 proved to be just enough as Pakistan fell 15 short.

Patriots vs. Eagles: Point Spread for Super Bowl 52
For the second consecutive week in the playoffs, the Philadelphia Eagles will be hosting a dome team at Lincoln Financial Field. Wentz might not have played since his injury, but Eagles fan recognized his role in getting Philadelphia to the Super Bowl .

Julie Johnston Ertz gets news of Eagles' Super Bowl berth, reacts accordingly
While walking off the pitch, Julie appeared overwhelmed with joy when she was told the final score. I tried not to look at halftime, but you know people gave me the smile as if they knew something.

OSU QB Mason Rudolph to sit out Senior Bowl with foot injury
He was considered a likely first-round National Football League draft pick prior to the injury, which is not expected to require surgery.

Tufton Capital Management Acquires 3505 Shares of QUALCOMM, Inc. (QCOM)
After $1.59 actual EPS reported by Facebook, Inc. for the previous quarter, Wall Street now forecasts 22.01% EPS growth. The firm owned 110,066,321 shares of the company's stock after buying an additional 4,258,214 shares during the period.