IMF cuts forecast for US economy

IMF Managing Director Christine Lagarde and World Bank President Jim Yong Kim at the IMF and World Bank semi-annual meeting. This October's meeting coincides with the OECD's optimistic projection for the world's economy

IMF cuts forecast for US economy

In its WEO earlier this year, the IMF had raised projections for Nigeria's economic growth to 0.8 percent, from the 0.2 per cent that it had projected in the WEO report of October 2016, saying the revision reflects high oil production due to security improvements in the country's oil producing region. The IMF forecasts 2.2 percent growth in 2017 and 2.3 percent in 2018, a decline from April when the IMF projected 2.3 percent growth this year and 2.5 percent in 2018.

In an analysis certain to be seized on by Labour as backing for its tax strategy, the IMF used its influential half-yearly fiscal monitor to attack the rationale for the reductions in tax for the highest earners in recent decades. It identifies this trend as a significant contributor to the sharp rise in income inequality plaguing the United States and other rich nations.

It also says that income from capital needs to be taxed adequately.

In terms of how much inequality is reduced by taxes and spending, the UK is close to average for the developed economies. In an interim forecast published in July it already said that it expected growth of just 1.7 per cent this year. He will also meeting U.S. business leaders in Boston on Wednesday, amid increasing concerns among the business and investor communities about India's economy.

That's unusually blunt IMF speak for - soak the rich, they can afford it.

Читайте также: Il Tar di Catania conferma l'esclusione della lista di Crocetta

The improvement in agriculture output is been driven by the various Central Bank of Nigeria (CBN) interventions in the sector namely the Anchor Borrowers Programme (ABP) and the Commercial Agricultural Credit Scheme (CACS). Policymakers should seize the moment: "the recovery is still incomplete in important respects, and the window for action the current cyclical upswing offers will not be open forever". As the global economy improves, it lifts U.S. growth as well.

11 de octubre de 2017, 17:23Washington, Oct 11 (Prensa Latina) The International Monetary Fund (IMF) called today to increase progressive taxation that includes raising taxes on higher incomes and universal basic taxes to favor the redistribution of wealth.

Rising asset prices, rapid credit growth in China, political unrest in Catalonia, and Britain's exit from the EU pose a threat to improved prospects for global economy, Obstfeld said.

Some degree of inequality is inevitable in a market economy, the report acknowledges, as result of differences in talent, effort and luck.

Together, ASEAN-5, China and India are seen growing at 6.5% in 2017 and 2018, outpacing the aggregate growth of emerging and developing economies in the list.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Latest News