Pakistan seeks largest loan package from IMF

Pakistan seeks largest loan package from IMF

Pakistan seeks largest loan package from IMF

It said the dispute between the USA and China would especially leave developing economies vulnerable to sudden stresses.

"Nonetheless, despite trade tensions and continued monetary policy normalisation in a few advanced economies, global financial markets have remained buoyant and appear complacent about the risk of a sudden, sharp tightening in financial conditions".

China is in danger of stoking risks to the country's financial stability as policies to avert a growth slowdown amid trade tensions with the US undercut efforts to reduce threats to the economy stemming from high leverage, the International Monetary Fund (IMF) said in a report released Wednesday.

The Fund in its 2018 World Economic Outlook released yesterday also warned that the fragile growth of the region may not be enough for the attainment of the Sustainable Development Goals, if the trend remains for a while.

A bull run has taken US equities to record highs this year.

Prime Minister Imran Khan's new administration took office in August vowing to weigh up whether to seek an International Monetary Fund bailout to stabilise its economy as it sought other avenues of financing, as analysts warned the looming crisis was becoming more urgent.

The downgrade reflects a confluence of factors, including the introduction of import tariffs between the United States and China, weaker performances by eurozone countries, Britain and Japan, and rising interest rates that are pressuring some emerging markets with capital outflows, notably Argentina, Brazil, Turkey, South Africa, Indonesia and Mexico.

"In Angola, the region's second largest oil exporter, real GDP is expected to shrink by 0.1 per cent in 2018, following a 2.5 per cent contraction in 2017, but is projected to increase by 3.1 per cent in 2019".

More news: Introducing the Nokia 7.1 in Qatar
More news: Google appeals the EU's record-breaking $5bn antitrust fine against Android
More news: Dow has worst day in eight months as it drops 800 points

China's economy could also take a hit: The IMF revised its forecast for economic growth in 2019 down to 6.2 percent, slightly lower than previous estimates and down from 6.6 percent this year.

The IMF notes that credit conditions in emerging markets have tightened since mid-April, driven by a stronger USA dollar, escalating trade tensions, and political and policy risks unique to individual countries.

According to the IMF, Japan's growth is projected to soften to 0.9 percent in 2019, unchanged from the July estimate.

The IMF also warned the new government that growth would likely slow and inflation rise further if it does not act fast.

The International Monetary Fund teases us. "So, we will be listening very, very attentively when and if they come to us".

The repercussions for the United States and China would be particularly severe, with 2019 GDP losses of more than 0.9 percent in the United States and 1.6 percent in China in 2019.

Trump has levied or threatened tariffs on goods from economies around the world, notably China, but also on traditional allies such as the European Union.

US President Donald Trump imposed a 10 percent tariff on $200 billion (£153 billion) worth of Chinese goods in September, which would increase to 25 percent by the end of 2018.

Recommended News

  • Rafael Nadal's incredible gesture for flood victims

    Rafael Nadal's incredible gesture for flood victims

    Rescue workers and military units from the Spanish mainland were heading to the area which is popular with British holidaymakers. Witnesses described having minutes to find safety as the water levels rose, inundating houses and catching motorists off guard.
    Verne Troyer’s Cause of Death Revealed

    Verne Troyer’s Cause of Death Revealed

    He had previously sought treatment for alcoholism, having admitted himself to a rehab centre previous year . Troyer's representatives had said last April he'd been struggling with depression and thoughts of suicide.
    WHAT'S HAPPENING: Historic Hurricane Michael hits Florida

    WHAT'S HAPPENING: Historic Hurricane Michael hits Florida

    Downed powerlines are seen after hurricane Michael passed through the downtown area on October 10, 2018 in Panama City, Florida. A pine tree punched a hole in their roof and his ears even popped when the barometric pressure went lower.
  • 'Handmaids' Protest Brett Kavanaugh's First Day on Supreme Court

    'Handmaids' Protest Brett Kavanaugh's First Day on Supreme Court

    Such complaints are usually confidential unless the judicial council investigating issues a public report about its findings. Circuit Judge Karen Henderson acknowledged that complaints about Kavanaugh had been filed.
    Trump Takes Swipe at Fed as Stocks Tumble

    Trump Takes Swipe at Fed as Stocks Tumble

    Markets in Paris and Frankfurt both lost more than 2%, while London fell 1.3%. "I like to stay uninvolved", Trump said. The sell-off on Wednesday was triggered by a depreciation in US Treasury bonds earlier this week.
    Zamira Hajiyeva, wife of jailed banker, named as subject of 'McMafia' order

    Zamira Hajiyeva, wife of jailed banker, named as subject of 'McMafia' order

    Her husband, Jahangir Hajiyev, was the former head of state-controlled International Bank of Azerbaijan from 2001 to 2015. The unexplained wealth order is a new power given to law enforcement agencies this year to tackle suspected corruption.
  • Samsung Galaxy Note 9: US To Get Exclusive Colors

    Samsung Galaxy Note 9: US To Get Exclusive Colors

    If you don't know which Galaxy Note 9 model you own, you can use an app like CPU-Z to quickly figure out the model and processor. On October 11, Samsung will launch their first four-rear camera system device A9 in the premium segment (above 30,000 rupees).
    'Pokemon Go' teases huge evolution for the new Mythical Pokemon Meltan

    'Pokemon Go' teases huge evolution for the new Mythical Pokemon Meltan

    To open it again, you'll need to wait a set period of time and transfer another Pokemon from your mobile device to your Switch. Those that you do transfer will end up in the Go Park, a new facility that replaces the Safari Zone in Fuchsia City.

    Selena Gomez is Seeking Treatment at Mental Health Facility

    She apparently was despondent and emotional over an alarmingly low white blood cell count in the wake of her kidney transplant. As of now, Selena is currently at an East Coast psychiatric facility and is receiving dialectical behavior therapy, aka DBT.
  • Indonesia calls off search for quake, tsunami victims

    Indonesia calls off search for quake, tsunami victims

    The country is a particular hotspot for earthquakes as it is located on the Ring of Fire , a 40,000km area in the Pacific Ocean. Thousands more remain missing since the twin disaster ravaged the city of Palu and surrounding areas.

    Rocket carrying space station crew fails in mid-air, crew safe: Agencies

    Search and rescue crews are getting ready to reach the expected landing site. The US space agency Nasa said there was an "issue with the booster".
    Cristiano Ronaldo's Lawyer Claims Rape Allegation Documents Were 'Altered & Fabricated'

    Cristiano Ronaldo's Lawyer Claims Rape Allegation Documents Were 'Altered & Fabricated'

    C had ever raised her voice, screamed or called out, X answered according to the document: "She said no and stop several times". Ronaldo has always maintained, as he does today, that what occurred in 2009 in Las Vegas was consensual in nature".

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.