• Home
  • Contacts

  • Business
  • Life&Culture
  • Hi-Tech
  • Sci-tech
  • Sports
  • World News
  • Health Care
  • National

Swiss economy predicted to grow 3% by end of year

  • by Patty Hardy
  • in Business
  • — Oct 11, 2018
Share:

Lagarde told reporters the Fed's rate hikes were justified by fundamentals.

Regulatory tightening has slowed the buildup of risks in China's financial sector and made it harder for weaker borrowers to obtain credit, the International Monetary Fund said in its semiannual "Global Financial Stability Report", pointing to a surge in corporate bond defaults in 2017 and 2018.

"We have supported the move of China toward (currency) flexibility", she said, adding that the International Monetary Fund has encouraged Chinese authorities to "go down that path".

Lagarde also touched on the economic situation in eurozone member Italy, warning Rome that it was well-advised to abide by European Union fiscal rules and adhere to the bloc's financial stability regulations amid concerns that the country's 2019 budget could exacerbate financial problems.

Lagarde said central bank rate increases such as those by the policy-setting US Federal Reserve were justified by fundamentals.

The head of the World Trade Organization warned that a "full-blown commercial war" could shrink global trade by almost 18% and also knock worldwide GDP, hurting the US, China, and others.

The ongoing trade war between the USA and China could start having material effects on the economies of both countries within the coming years, according to new projections from the International Monetary Fund (IMF).

A raising of US interest rates has also helped send emerging market currencies into a tail spin, as countries that borrowed heavily in dollars race to pay back their debt.

Pixel 3 includes USB-C headphones, dongle in the box
The third in its line of high-end smartphones, the Google Pixel has previously impressed reviewers with its camera quality . Another highlight of the tablet is the Split screen that is integrated for smooth multitasking and Google Assistant .

Tropical Storm Michael could form late Sunday, hit the US midweek
Parts of the Florida panhandle near Pensacola down to Anna Maria Island, including Tampa Bay, are under storm surge watch . The storm center was located about 90 miles south of Cozumel, Mexico, or 225 miles southwest of the western tip of Cuba.

Watch ‘Through the Storm’ - an LFC documentary on mental health
Last year, the club also launched its own mental health initiative for staff, Red Minds. The theme for this year is "Young people and mental health in a changing world".

Market participants "appear complacent" about the potential risks from a "sudden, sharp tightening of conditions" - like rising interest rates or declining access to capital.

They show that a burst of strong growth, fueled partly by United States tax cuts and rising demand for imports, was starting to wane.

With much of the US-China tariff war's impact to be felt next year, the Fund cut its 2019 US growth forecast to 2.5% from 2.7% previously, while it cut China's 2019 growth forecast to 6.2% from 6.4%.

The body now expects the US economy to grow at a rate of 2.5 percent in 2019, a 0.2 percentage point decline from its April estimates.

Pakistan had a trade deficit of $17.99 billion in the last financial year (July 1, 2017 to June 30, 2018), which was $12.4 billion in 2016-17 and $4.9 billion the year before that, according to Pakistan Bureau of Statistics.

The announcement followed the highest single-day loss in a decade in the stock market, which plunged by over 1,300 points, losing nearly Rs 270 billion of its capitalisation. In September, Trump imposed tariffs on almost $200 billion of Chinese imports, with China responding with higher tariffs on about $60 billion of US imports.

"Clearly as a result of (rate hikes). we see and we will continue to see capital flow movements", she added.

Share:

IN CASE YOU MISSED IT

  • Hubble Telescope Put Into Safe Mode Following Gyroscope Failure
  • British tourists among Majorca flood victims
  • Melania Trump: Women accusing men should 'show the evidence'
  • YOU MAY ALSO LIKE...

    • RBI decides to pay Centre interim dividend of Rs 28,000 crore 2/18/2019
    • Amazon Pull Out From New York the Result of Community Activism 2/18/2019
    • Moses Lake, Wenatchee-area Payless ShoeSource stores to shutter 2/18/2019
    • Oil Rises as Aramco Said to Cut Output at Biggest Offshore Field 2/18/2019
    • Payless ShoeSource to close all stores, including those in Alaska, report says 2/18/2019
    • Former Renault boss Ghosn loses millions in compensation 2/15/2019
    • Amazon is buying home wi-fi startup Eero 2/15/2019
    • Ocasio-Cortez shocked to learn lobbyists pay others to stand in line 2/15/2019
    • 5 injured after turbulence forces Seattle-bound flight to land in Reno 2/15/2019
    • JP Morgan Launching First-Ever US Bank-Backed Cryptocurrency 2/15/2019

RELATED NEWS

Fabinho speaks out after quiet start to Liverpool career
We won the European Championship that year and there's no better feeling than winning something with your country. Don't write Chelsea out but they need a real "goal-getter".
10/11/2018

ISS: Space rocket declares emergency after launch - astronauts parachute out
Roscosmos cosmonaut Alexey Ovchinin and NASA astronaut Nick Hague walk prior to the launch of the Soyuz MS-10 spacecraft. NASA said search and rescue crews were en route to the projected landing site, expecting to arrive in about 90 minutes.
10/11/2018

Hurricane Michael is a monster storm and an unnatural disaster
Before the storm made landfall, Scott said he activated 3,500 members of the Florida National Guard. It set off transformer explosions and knocked out power to more than 388,000 homes and businesses.
10/11/2018

Trump Takes Swipe at Fed as Stocks Tumble
Trump has departed from that practice and has said he would not shy from future criticism should the Fed keep lifting rates. The 10-year Treasury yield rose to 3.22 percent from 3.20 percent late Tuesday after earlier touching 3.24 percent.
10/11/2018

Robbie Williams' 6-year-old daughter is Princess Eugenie's bridesmaid
The Earl and Countess of Wessex's children, Lady Louise Windsor and Viscount Severn will be special attendants on the day. Princess Charlotte is, of course, the 3-year-old daughter of Eugenie's cousin Prince William and wife Kate Middleton .
10/11/2018

Missing Saudi journalist sparks global tensions as US calls for investigation
Robin Wright, a scholar at the Wilson Center think tank and close friend of the missing writer, said that's unlikely to change. Saudi officials denied the allegations, saying the well-known opposition journalist left the building through another exit.
10/11/2018

Google pulls out of competition for $10B Pentagon cloud contract
Google has announced that it will not be placing a bid for a cloud-computing contract with the Pentagon. The contract is winner-take-all, with Amazon seen as the frontrunner.
10/11/2018

Red Sox, Astros announce starting pitchers for ALCS Games 1 and 2
The 2016 AL Cy Young Award victor entered with a 0-3 in 12 previous postseason appearances, which included four starts. Four plays at first base were reviewed in the first four innings, and three were overturned.
10/11/2018

Complaints filed against Brett Kavanaugh are transferred to Colorado court for handling
None of the witnesses the women said would corroborate their claims did so, and Kavanaugh passionately denied the allegations. Fox News personality Bret Baier on Wednesday reported that U.S.
10/11/2018

Huawei teases Mate 20X with gaming features
In fact, the third smartphone slated to launch alongside the Mate 20 and Mate 20 Pro will be called Mate 20X. Being a gaming-centric handset, the Mate 20X will come with a cooling system as teased by the company.
10/11/2018

6 cases of rare 'polio-like' illness diagnosed in Minnesota children
In Minnesota, three cases of the disease were reported in 2014, but since then the number had dropped until the latest outbreak. MDH disease investigators are working aggressively with health care providers to gather information about the cases.
10/11/2018

'Pet Sematary' is Back with a Spooky Trailer
While the synopsis is a thing of nightmares, the translation of the film to an actual trailer is pretty horrifying. Pet Sematary co-directors Dennis Widmyer and Kevin Kölsch have revealed that they expect the movie to be rated R.
10/11/2018

Jimmy Butler Practiced With The Wolves While His Trade Saga Continues
Butler requested a trade before the start of training camp but the Wolves have been unable to find a trade to their satisfaction. Jimmy Butler is still with the Minnesota Timberwolves despite the fact he requested a trade a few weeks ago.
10/11/2018

Meghan Markle's half sister reportedly turned away from Kensington Palace
According to the British media, Samantha had a "stand-off" with the security at the entrance and she was told to go back. However her arrival at palace gates has got her no further in her quest to speak face-to-face with Meghan it would seem.
10/10/2018

Trump Apologizes to Brett Kavanaugh At Ceremonial Swearing
Kavanaugh is accompanied by his wife Ashley Kavanaugh, third from left, and children Margaret, second from left, and Liza. Hours before the White House ceremony, Trump accused opposition Democrats of plotting to remove Kavanaugh from the bench.
10/10/2018

    • Top picks

      • Activision Blizzard (ATVI) 4th Quarter Earnings: What to Expect2/12/2019
      • Jody Wilson-Raybould resigns from federal cabinet2/12/2019
      • Senior Tories tell May to steer clear of Brexit negotiations with Labour2/12/2019
      • A crypto exchange may have lost $145m after its CEO's sudden death2/11/2019
    • Weekly News

      • Canada adds 66,800 jobs in January, unemployment rate rises2/11/2019
      • Lagonda All-Terrain Concept to Make Global Debut at Geneva2/10/2019
      • Germany imposes limits on Facebook data collection2/10/2019
      • P.A., Canada gain jobs, Sask. Sees slight drop2/10/2019
    • Latest News

      • Amazon won't build headquarters in NY after political opposition2/14/2019
      • New round of China-U.S. trade talks starts in Beijing2/14/2019
      • Amazon Is Acquiring Eero to Round out Its Smart Home Plan2/14/2019
      • Tesla has rolled out a DOG MODE2/14/2019
    • Home
    • Contacts

    Monday 18 February 2019

    © 2019 . ALL RIGHTS RESERVED.