International Monetary Fund revises forecast on Azerbaijan's economic growth

International Monetary Fund revises forecast on Azerbaijan's economic growth

By comparison, the Chinese economy is expected to slow down to 6.4% in 2019, down from 6.6% in 2018. "Continuing to power the world economy's upswing are accelerations in investment and, notably, in trade", he said.

Back in 2015 the economy was reported as growing by 26 per cent, leading some to claim it was a case of "leprechaun economics", as the sharp growth rate was largely down to the onshoring of IP by firms such as Apple.

Slovenia's economy will expand by 4.0% in 2018, the International Monetary Fund (IMF) said on Tuesday, raising its economic growth forecast for the country from 2.5% projected in October.

The IMF raised its 2018 forecast of gross domestic product to 1.5% for 2018 and 1.7 for 2019, compared to previous forecasts of 0.9% and 1.6% respectively.

While President Trump's tax cuts are expected to boost the USA and global growth in the short term, the report warned that those effects will soon wear off as well.

"US tax reform will subtract momentum starting in 2020, and then more strongly" in 2023 as some of the investment provisions kick in.

IMF Chief Economist Maurice Obstfeld said that the prospect of trade restrictions threatened to "undermine confidence and derail growth prematurely".

Rather than lower the trade deficit, as Trump has called for, the United States trade actions could expand it by $150 billion by 2019, he said.

Unemployment in the United Kingdom reaches new four-decade low
That probability is evident in the performance of the pound which has rallied this year, particularly in the past few trading sessions.

Global financial markets would likely also endure damage from rising threats of tariffs, Obstfeld said.

The world's second-biggest economy is attempting a transition from super-fast growth based on often-wasteful investment to slower but steadier growth built increasingly on consumer spending.

Growth for 2019 remains confirmed at 1.1%.

However, he said these trends were more due to technological change than to trade, and that the recent tariffs and bilateral trade negotiations announced by the U.S. would do little to help the multilateral or overall United States external account deficit.

President Donald Trump, who campaigned on a pledge to protect USA industries from what he argues is unfair foreign competition, has slapped tariffs on steel and aluminum imports.

Ukraine could receive a new tranche from the International Monetary Fund (IMF) in the amount of $2 billion in May or June 2018 if the country meets the conditions for cooperation under the Extended Fund Facility (EFF), the Ukraina TV and radio company has reported after an interview with Ukrainian Finance Minister Oleksandr Danyliuk in Washington.

Overall global growth is forecast at 3.9% this year and next year.

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