imf emerging economies see fifth annual slowdown in 2015
Last Updated : GMT 07:13:34
Arab Today, arab today
Arab Today, arab today

IMF: Emerging economies see fifth annual slowdown in 2015

Arab Today, arab today

Arab Today, arab today IMF: Emerging economies see fifth annual slowdown in 2015

China's economic growth is slowing
Brasília - AFP

Emerging economies around the world are going through their fifth consecutive annual slowdown as prices for their raw materials exports tumble and China's voracious growth slackens, the IMF said Tuesday.

Painting a somber picture, the International Monetary Fund's global survey singled out the shift in commodities markets, as well as political tensions and the dip in China's vertiginous growth with knock-on effects worldwide.

According to the Washington-based fund, emerging markets and developing countries could see 4.0 percent growth in 2015 and 4.5 percent in 2016, but in both cases that is a sharply gloomier two percentage points down on the previous prediction made in July.

"In an environment of declining commodity prices, reduced capital flows to emerging markets and pressure on their currencies, and increasing financial market volatility, downside risks to the outlook have risen, particularly for emerging market and developing economies," the IMF said.

Among the worst performers, Russia's GDP is forecast to plunge 3.8 percent this year and 0.6 percent the next, while Brazil's contraction will measure three percent, followed by a further one percent.
China, whose incredible growth has fueled much of the world economy, should grow 6.8 percent this year and 6.3 percent the next, maintaining the slowdown that has badly worried foreign markets this year.

South Africa will see modest growth of 1.4 percent in 2015, followed by 1.3 percent in 2016, the IMF said. India -- the other member of the BRICS, along with Brazil, Russia, China and South Africa -- is in the best health, with forecasted growth of 7.3 and 7.5 percent.
- Modest expansion -
Worldwide, economic growth is forecast by the IMF at 3.1 percent in 2015 and an only slightly greater expansion of 3.6 percent in 2016. Those forecasts come in 0.2 percentage points below the previous estimate given in July.
Partly that more pessimistic view is due to a worse than expected outlook for Brazil, with collateral damage from Latin America's biggest economy spreading through the region and into the Caribbean.

"If this happens it will be the worst development for Brazil since the 1930s when we last saw GDP falling for two consecutive years," analyst Alex Agostini at Austin Rating told AFP.
For Latin America, the only worse performer than Brazil will be Venezuela with a catastrophic 10 percent drop in 2015 and six percent the next year. Overall the region will be a little worse than stagnant, with GDP falling 0.3 percent this year and growth of 0.8 the next.

In 2016 the emerging markets overall are likely to get relief, the IMF said.

"Growth in emerging market and developing economies is projected to rebound in 2016," the IMF said.

A drop in inflation is expected in countries like Russia, and to a lesser extent Brazil, that have seen strong currency devaluation.

"Growth in countries in economic distress in 2015 (including Brazil, Russia, and some countries in Latin America and in the Middle East), while remaining weak or negative, is projected to be higher than in 2015, and domestic demand in India is projected to remain strong," the report said.

However much will depend, the IMF said, on US monetary policy with all eyes on when the Fed decides to jack up rates again, for the first time since 2006.

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*

imf emerging economies see fifth annual slowdown in 2015 imf emerging economies see fifth annual slowdown in 2015

 



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*

imf emerging economies see fifth annual slowdown in 2015 imf emerging economies see fifth annual slowdown in 2015

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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