IMF optimism and Eurozone GDP preliminary data in spotlight
The International Monetary Fund (IMF) raised its projection for global growth this year, citing greater-than-anticipated resiliency in economies around the globe and adopting a more positive tone than in its reports from the previous year. The IMF suggests that global growth will reach 2.3%, 0.2% higher than its previous forecast. IMF’s analysts forecast that the […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s
AUD/USD picks up bids to challenge two-day downtrend. China official PMIs came in firmer for January, IMF revised up growth forecasts. Aussie Retail Sales, cautious mood ahead of the key data/events previously weighed on prices. US data eyed ahead of Fed meeting, risk catalysts are important too. AUD/USD probes the two-day downtrend while picking up […]
Pakistani rupee fall slows as PM Sharif hopes for IMF funds By Reuters
© Reuters. FILE PHOTO: A currency trader counts Pakistani Rupee notes as he prepares an exchange of U.S dollars in Islamabad, Pakistan December 11, 2017. REUTERS/Caren Firouz/File Photo By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -The Pakistani rupee’s two-day decline slowed on Friday on news that an IMF team was visiting Islamabad next […]
IMF says fragmentation could cost global economy up to 7% of GDP
WASHINGTON, Jan 15 (Reuters) – A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund said in a new staff report.Tne IMF said even limited […]
Fragmentation could shave up to 7.0% off of global GDP
In a new staff report published on Sunday, the International Monetary Fund (IMF) said that a severe economic fragmentation of the global could cost global Gross Domestic Output up to 7.0% but the losses could reach 8-12% in some countries if technology is also decoupled. Additional takeaways “Even limited fragmentation could shave 0.2% off of […]