IMF Chief Christine Lagarde Bashed India on Child Rape Incidents

Jerome Powell

Jerome Powell

Christine Lagarde said that she believes that Indian authorities including Prime Minister Narendra Modi will give much importance to the issue. Underscoring diminished growth momentum, earnings expectations have peaked.

Adrian said talk of a US-China trade war had not so far significantly affected financial conditions beyond the effect on markets.

Lagarde warned against complacency: "More needs to be done to sustain this upswing and foster long-term growth". He has also proposed imposing tariffs on $50 billion in Chinese imports to punish Beijing for its aggressive attempts to obtain foreign technology.

The rise in global debt has been fueled by low interest rates. This is especially true for USA markets they say.

The IMF document includes forecasts of consumer price developments, forecasting inflation rates of 2.2%, 2.4% and 2.8% for Macau this year, in 2019 and 2023, respectively.

While she acknowledged that the impact of the current trade spats on global growth was "not very substantial", she warned that the ongoing disputes could erode business confidence very quickly due to rising uncertainty, which would make businesses "reluctant to invest". "The supply chains are involving so many different countries, regional, intraregional, interregional, that it would affect the global economy".

He said that issuance of riskier bonds has surged, adding that debt sustainability in emerging markets and low income countries has deteriorated, and a more complex creditor composition poses challenges for any future debt restructurings. The U.S. situation is exceptional, and the International Monetary Fund doesn't believe that the $1.5 trillion in tax cuts passed by Republicans will pay for themselves.

The IMF raised its U.S. forecast by two tenths of a point for both years, to 2.9 percent for 2018 and 2.7 percent for 2019, which follows big upward revisions in the October report, adjusted for the impact of President Donald Trump's changes to United States tax policy.

From 2019 to 2022 the International Monetary Fund concurs with the targets of the European program, anticipating a primary surplus of 3.5 percent of GDP, before a decline to 1.5 percent of GDP from 2023.

The IMF kept its 2018 and 2019 global growth forecasts unchanged at 3.9 percent for both years after upgrades in January.

Overall, our forecasts indicate that debt-to-GDP ratios would come down over the next three to five years in most countries.

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