Global economic activity continues to firm up – IMF

Global growth for 2017 is now estimated at 3.7 percent, 0.1 percentage point higher than projected in the fall, the International Monetary Fund (IMF) said in a latest report on the world economy. Shekhar GhoshShekhar Ghosh is consulting editor, Indoasiancommodities.com. He has edited and written for publications like Business India, Business Standard, Business Today, Outlook and […]

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China’s growth forecast to remain at 6.7% in 2017; India’s to pick up until 2018 – IMF

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Emerging and developing economies are projected to see a sustained pickup in activity, with growth rising from 4.3 percent in 2016 to 4.6 percent in 2017 and 4.8 percent in 2018, the International Monetary Agency said on Monday. These forecasts, made in its latest World Economic Outlook Update, reflect upward revisions, relative to April, of […]

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IMF raises global growth outlook, says protectionism a threat

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The International Monetary Fund (IMF) raised its outlook for global growth, saying a post-election surge in confidence in the United States, better prospects in large emerging markets and an increase in global trade were all starting to add up to a brightening outlook. The economic upswing expected for some time seems to be materializing, indeed, the IMF […]

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Global growth shows resilience to political uncertainty – Fitch Ratings

The near-term outlook for growth in the advanced countries has improved despite persistent political uncertainties, Fitch Ratings said in its latest Global Economic Outlook (GEO). “Robust labour markets and consumer spending, more supportive fiscal policies and the stabilisation in emerging markets helped advanced country growth recover in the second half of 2016,” said Brian Coulton, […]

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Growth outlook for emerging Asia still relatively strong, says Fitch

Economic activity in the Asia-Pacific region will broadly hold up well, even as many emerging-market Asia (EM Asia) countries are severely hit by persistently sluggish world trade due to their relative openness, Fitch Ratings said. “The outlook for EM Asia sovereign ratings in 2017 is stable, but potential vulnerabilities include increased protectionism, a stronger US […]

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Global growth to stabilise in 2017 as US, emerging market economies improve, says Moody’s

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Global economic growth will be tepid compared with historical averages over the next two years and risks remain, Moody’s Investors Service warned, but added that growth will pick up from the very weak levels in 2016, as the outlook for the US and emerging economies improves slightly. “Moody’s expects global growth to climb to about […]

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World must spend $3.3 trillion on infrastructure annually just to meet expected growth – report

The world needs to invest an average of $3.3 trillion annually in infrastructure just to support currently expected rates of economic growth and emerging economies will have to account for some 60 percent of that need, the McKinsey Global Institute said in a report. The world today invests some $2.5 trillion a year on transportation, power, […]

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Commodities woes lowers growth forecasts, but no global recession – Fitch

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Despite widespread downward revisions to growth forecasts, the biggest for emerging market commodity producers such as Brazil, Russia and South Africa, the global growth outlook is still considerably above the recession territory, Fitch Ratings said. “The investment slowdown in China and sharp expenditure compression in major commodity producing countries continue to reverberate around the world […]

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