{"id":31838,"date":"2018-10-29T11:30:09","date_gmt":"2018-10-29T06:00:09","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=31838"},"modified":"2018-10-29T11:30:09","modified_gmt":"2018-10-29T06:00:09","slug":"imf-raises-global-growth-forecast-sees-us-tax-boost","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/imf-raises-global-growth-forecast-sees-us-tax-boost\/","title":{"rendered":"IMF raises global growth forecast, sees US tax boost\u00a0"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/business\/Economy\/imf-raises-global-growth-forecast-sees-trump-tax-boost\/article22492346.ece\"><b>IMF raises global growth forecast, sees US tax boost<\/b><\/a><b>\u00a0<\/b><\/p>\n<p><b>Context:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">The International Monetary Fund revised up its forecast for world economic growth in 2018 and 2019.<\/span><\/li>\n<\/ul>\n<p><b>What are the findings of the report?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>United States and China<\/b><span style=\"font-weight: 400;\">: Pointing to growth in the United States and China, the IMF forecast global growth to accelerate to 3.9% for both 2018 and 2019, a 0.2 percentage point increase from its last update in October.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Spain:<\/b><span style=\"font-weight: 400;\"> The IMF cut its forecast for Spain\u2019s growth for 2018 by 0.1 percentage point.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Japan:<\/b><span style=\"font-weight: 400;\"> The IMF revised up its growth forecast for Japan to 1.2% this year and 0.9% in 2019.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Britain:<\/b><span style=\"font-weight: 400;\"> It maintained its projection for Britain\u2019s growth at 1.5% this year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Middle East, North Africa, Afghanistan and Pakistan:<\/b><span style=\"font-weight: 400;\"> It said growth in the Middle East, North Africa, Afghanistan and Pakistan was also expected to pick up in 2018 and 2019 but remain subdued at 3.6% this year.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>South Africa:<\/b><span style=\"font-weight: 400;\"> The IMF revised down its growth estimate for South Africa to 0.9% for this year and next amid concerns over political uncertainty.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Latin America:<\/b><span style=\"font-weight: 400;\"> In Latin America, it said growth would be weighed down by an economic collapse in Venezuela despite a pick-up in economic activity in Brazil and Mexico.<\/span><\/li>\n<\/ul>\n<p><b>What are the major takeaways from the report?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Firstly, sweeping U.S. tax cuts were <\/span><b>likely to boost investment in the world\u2019s largest economy<\/b><span style=\"font-weight: 400;\"> and help its main trading partners.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Secondly, U.S. growth would likely start <\/span><b>weakening after 2022<\/b><span style=\"font-weight: 400;\"> as temporary spending incentives brought about by the tax cuts began to expire.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Thirdly, Political leaders and policymakers <\/span><b>must be aware that the current economic momentum<\/b><span style=\"font-weight: 400;\"> reflects a confluence of factors that is unlikely to last for long.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fourthly, there is a <\/span><b>troubling increase in debt levels acr<\/b><span style=\"font-weight: 400;\">oss many countries and warned policymakers against <\/span><b>complacency<\/b><span style=\"font-weight: 400;\">.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Fifthly, <\/span><b>a sudden rise in interest rates could lead to questions about the debt sustainability<\/b><span style=\"font-weight: 400;\"> of some countries and lead to a disruptive correction in \u201celevated\u201d equity prices.<\/span><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IMF raises global growth forecast, sees US tax boost\u00a0 Context: The International Monetary Fund revised up its forecast for world economic growth in 2018 and 2019. What are the findings of the report? United States and China: Pointing to growth in the United States and China, the IMF forecast global growth to accelerate to 3.9%&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/imf-raises-global-growth-forecast-sees-us-tax-boost\/\">Continue reading <span class=\"screen-reader-text\">IMF raises global growth forecast, sees US tax boost\u00a0<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-31838","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704930119},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=31838"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/31838\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=31838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=31838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=31838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}