Nigeria's economy performing badly, might decline further in 2019
00:35, Oct 13, 2018
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The financial market volatility will likely continue next year, because the US Federal Reserve, after raising the federal funds rate by 25 basis points in its September 26 meeting, nonetheless signaled another rate hike by the end of this year and maintained its projection for three rate hikes in 2019.
At a news briefing on Tuesday, IMF chief economist Maurice Obstfeld outlined the economic challenges that Pakistan was facing now and also commented on its ability to finance itself.
Sustained trade tensions could slash Asia's economic growth by up to 0.9 percentage points in coming years, the International Monetary Fund said, urging policymakers in the region to liberalise markets to offset the fall in export sales.
Global trade tensions would also have a bearing on the eurozone's 2018 growth forecast, which was cut to 2 percent from 2.2 percent previously.
For next year, trade is seen growing just four per cent, a half point less than the prior forecast.
The Fund says the global economy's growth target has dropped by 2 percent from the initial 3.9 percent. "Inclusive fiscal policies, educational investments, and ensuring access to adequate health care can reduce inequality and are key priorities", he added.
And it stressed "cooperative solutions" to help boost continued growth in trade "remain essential to preserve and extend the global expansion".
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.
Several emerging markets had their forecasts cut, including Argentina, Brazil, Iran and Turkey, reflecting factors including tighter credit.
In its suggestions to boost growth, the International Monetary Fund said the United Kingdom should look at easing planning restrictions to boost housing supply, improve the quality of transport infrastructure, and facilitate the relocation of workers in industries that are likely to be more affected by higher trade barriers after Brexit.
US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected.
United States stimulus also adds to the "already-unsustainable" debt and deficit that will undercut future growth, the report warned.
Milesi Ferretti, Deputy Director Research said while presenting the report that "the continent could do much better once these economies are on the a more solid footings, particularly South Africa and Nigeria because they are really large and affect a number of countries in their neighbourhood".
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Ready to get going on the meat of it, though? Theresa May speaks during the Conservative Party Conference in Birmingham . But she acknowledged that, a decade after the 2008 crash, the after-effects were still being felt by many households.
Trump, not the Organisation of the Petroleum Exporting Countries (Opec), is behind the recent rise in prices, Zanganeh said. He also accused Iran of sowing chaos and pledged to imposed further sanctions.
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According to The Guardian , the regional governor, Paul Makonda, said Mr Dewji was kidnapped by whites travelling in two vehicles. He was abducted by two foreigners, the Swahili Times reported on Twitter, citing Mambosasa.
Veteran workhorse Jon Lester pitched valiently going six strong innings giving up only one run while striking out nine batters. The Cubs defeated the Pittsburgh Pirates in 2015 to spark a run to the NLCS, which ended at the hands of the New York Mets.
Some 600 people evacuated to shelters in Okinawa and electricity was cut to more than 121,000 homes, public broadcaster NHK said. A auto passes past an uprooted tree due to strong winds generated by typhoon Trami in Itoman, southern island of Okinawa.
One source close to the investigation told AFP that the 64-year-old senior Communist Party official did not disappear in France . While Meng is head of the executive committee that oversees Interpol , the agency is run by Secretary General Juergen Stock.
Brett Kavanaugh says he won't let "false accusations " drive him from his quest to win Senate confirmation to the Supreme Court . Ramirez told The New Yorker that Kavanaugh exposed himself to her at a dormitory party in the 1983-1984 academic year.
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All fishing boats and trawlers over North Bay and the deep sea have been advised to remain sheltered till further notice. Horticulture crops suffered extensive damage in Srikakulam district while paddy suffered damage in Vizianagaram.
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