IMF Raises Israeli Economic Outlook for 2017, 2018

IMF Raises Israeli Economic Outlook for 2017, 2018

Its latest World Economic Outlook predicts strengthening economic growth globally, building on healthy data from the first half of 2017.

The International Monetary Fund (IMF) has raised Korea's outlook to 3 percent, 0.3 percentage points higher than the last forecast in April.

"A closer look suggests that the global recovery may not be sustainable" and neither policy makers nor markets should be "lulled into complacency", warned Maurice Obstfeld, the IMF's chief economist, in a note accompanying the forecast.

South Africa's Treasury said in February it expected the economy to grow 1.3 percent in 2017, but Finance Minister Malusi Gigaba is due to announce revised projections on October 25 when he presents his medium term budget policy statement to parliament. Even more pessimistically, the Centre for Economics and Business Research anticipates that the United Kingdom economy will grow by just 1.3 per cent in 2017, representing a substantial downward revision from an earlier forecast of 1.7 per cent.

BlackBerry Motion vs BlackBerry KeyOne: What's the difference?
Under-the-hood, the smartphone is powered by the mid-range Qualcomm Snapdragon 625 processor , clubbed with 4GB RAM . The fingerprint scanner stays on the new home button design and the OS is upgradable to Android 8.0 Oreo next year.

It also lowered India's growth for 2018 to 7.4 per cent, 0.3 percentage points less than its previous two projections in July and April.

The IMF said the squeeze on household finances in the United Kingdom had hit growth in the first two quarters of this year, and "the medium-term growth outlook is highly uncertain and will depend in part on the new economic relationship with the European Union and the extent of the increase in barriers to trade, migration and cross-border financial activity".

However, the recovery is not complete: although the baseline outlook is better, growth remains weak in many countries.

"Notably, we expect sub-Saharan Africa, where growth in per capita incomes has on average stalled for the past two years, to improve overall in 2018", he said. Hong Kong's growth projection was raised from 2.4 percent to 3.5 percent while Taiwan's was raised from 1.7 percent to 2 percent and Singapore from 2.2 percent to 2.5 percent.

Head, legs of missing journalist Kim Wall found by divers, police say
The 18-meter UC3 Nautilus was recovered by the Danish military with only Madsen aboard, while Wall was nowhere to be found. Inspector Moller reported that divers found the body parts after a couple of dives in the waters around Copenhagen .

Draghi has maintained the ECB's stimulus programme over the past year despite robust economic growth in the eurozone, while Yellen postponed a rate hike in September.

Also yesterday, the Asean+3 Macroeconomic Research Office (AMRO) cut its 2017 growth forecast for the Philippines on account of a first half slowdown.

China edged slightly ahead to be the growth champion with a projected growth rate of 6.8%, according to the latest World Economic Outlook report.

The IMF report has also downgraded South Africa.

Tropical Depression Sixteen forms in the SW Caribbean
The system, called Invest 90L for now, was a broad area of low pressure in the southwest Caribbean as of early Wednesday morning. The exact timing of a cold front sweeping toward the East Coast will be a huge factor as to the landfall location.

Highlighting the growing income inequality within and among emerging market economies, International Monetary Fund said a country's growth rate does not always foretell matching gains in income for the majority of the population.

Related Articles

  • Attempted murder charges against suspect in Edmonton attack

    Attempted murder charges against suspect in Edmonton attack

    According to Edmonton Police Chief Rod Knecht, a flag of the terrorist group Daesh (ISIS) was found in the vehicle. At the time, an investigation was launched, and Sharif and others were questioned by the police.
    'Papa's Angel' Honeypreet arrested in Punjab after month-long run

    'Papa's Angel' Honeypreet arrested in Punjab after month-long run

    Honeypreet Insan who claims to be the adopted daughter of Gurmeet was hiding away from the police for nearly 40 days. Serious charges of sedition, waging war and inciting people for violence have been slammed on Honeypreet .
    General Motors Company (GM) Given

    General Motors Company (GM) Given "Buy" Rating at Citigroup Inc

    General Motors Company's sales for the past 5 years rolls at 2.10%, exhibiting an EPS growth from quarter-to-quarter at -8.40%. Norges Bank acquired a new stake in General Motors Company during the fourth quarter worth approximately $300,495,000.
  • Bulgaria vs France World Cup Qualifying UEFA Venue, Kick-off Time, Predicted Lineups

    Bulgaria vs France World Cup Qualifying UEFA Venue, Kick-off Time, Predicted Lineups

    France were off to a flying start as a flowing team move ended with Antoine Griezmann teeing up Matuidi to blast home from a tight angle on three minutes.
    Google uncovers trove of ads bought by Russians during United States  election

    Google uncovers trove of ads bought by Russians during United States election

    Schiff of California, said it should not be surprising that Russians were using Google as well as Facebook and Twitter. For its part, Google declined to comment Monday on the specific nature of the company's early findings.
    Las Vegas attacker's girlfriend returns to US

    Las Vegas attacker's girlfriend returns to US

    An official said she was returning to clear her name of any involvement in the worst mass shooting in modern USA history. In fact, they said the only reason she was in the Philippines was because Paddock told her he had found a cheap ticket.
  • SNP urges Spain to 'respect' Catalan vote

    SNP urges Spain to 'respect' Catalan vote

    The region, home to 7.5 million people with their own language and cultural traditions, accounts for a fifth of Spain's economy. Loiseau said the crisis following the 1 October referendum had to be resolved through dialogue within Spain.
    Google's New Pixel Buds Translate Languages in Real Time

    Google's New Pixel Buds Translate Languages in Real Time

    The Pixel 2 XL can be purchased in Just Black and Black & White coloring , while the device is also particularly connectible. We can all remember how long it took to get Pixel Launcher and Google Assistant after being launched on Pixel and Pixel XL .
    Dhawan, Kohli guide India to 9 wickets victory

    Dhawan, Kohli guide India to 9 wickets victory

    The fans can follow the live coverage of India vs Australia T20 match on HotStar official website as well as HotStar mobile app. The skipper's absence will be a huge blow for the Australian side, who were humiliated in the recently concluded ODI series .
  • Allies desert Syria jihadists before Turkey-backed battle

    Allies desert Syria jihadists before Turkey-backed battle

    Sejari said the operation aims to deploy Turkish-backed opposition fighters in the province now dominated by al-Qaida-linked militants.
    Sri Lanka hurt Pakistan with four Test wickets

    Sri Lanka hurt Pakistan with four Test wickets

    Pakistan will hope for more life in the pitch as they seek to secure a share of the spoils in the two-match series . Mohammad Amir will miss Pakistan's five-match one-day global series against Sri Lanka due to a right shin injury.
    Contractor builds support for Breast Cancer Awareness Month

    Contractor builds support for Breast Cancer Awareness Month

    He said at first doctors didn't diagnose his mother with breast cancer although "something didn't feel right to her". In addition, the seventh edition of "Paint the city Pink" will be on Saturday to create breast cancer awareness.