Arab Today, arab today imf chief upbeat on global economy
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

IMF chief upbeat on global economy

Arab Today, arab today

Arab Today, arab today IMF chief upbeat on global economy

Washington - QNA

International Monetary Fund chief Christine Lagarde Wednesday gave an upbeat appraisal of the world economy, but said the US Federal Reserve's tapering could bring "rough waters" ahead.Speaking at the National Press Club, Lagarde's projections echoed the rosier outlook earlier in the day by the World Bank, but she gave greater emphasis to the looming hurdles. "This crisis still lingers. Yet, optimism is in the air: the deep freeze is behind, and the horizon is brighter," Lagarde said. In its Global Economic Prospects report earlier in the day, the World Bank said growth was picking up in developing countries and high-income economies appeared "to be finally turning the corner."But with the US central bank starting to downsize its "massive monetary stimulus," there could be headwinds from rising global interest rates and potential volatility in capital flows, the bank warned.For the US, Lagarde warned against "premature" withdrawal of the stimulus and urged the country to return to an orderly budget process after it once again barely avoided tumbling over the fiscal cliff in October 2013.The World Bank projected global growth in 2014 at 3.2 per cent, up from the 2.4 per cent in 2013, and by 2016 projected it to reach 3.5 per cent. Gross domestic product (GDP) in the wealthier countries was expected to climb from an average of 1.3 per cent in 2013 to 2.4 per cent in 2016 .In developing and emerging economies, growth is expected to jump from 4.8 per cent in 2013 to 5.7 per cent in 2016 . The eurozone is projected to grow 1.1 per cent this year, 1.4 per cent in 2015 and 1.5 per cent in 2016, putting behind it two years of contraction.US GDP, which has expanded for 10 quarters, is projected to grow 2.8 per cent in 2014 and 3 per cent by 2016, the World Bank said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief upbeat on global economy Arab Today, arab today imf chief upbeat on global economy

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today imf chief upbeat on global economy Arab Today, arab today imf chief upbeat on global economy

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday