User Tag List

+ Reply to Thread
Results 1 to 6 of 6

Thread: IMF downgrades global growth projections

  1. #1
    Original Ranter
    Points: 456,560, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 73.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    411529
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    140,023
    Points
    456,560
    Level
    100
    Thanks Given
    80,592
    Thanked 62,499x in 42,748 Posts
    Mentioned
    2141 Post(s)
    Tagged
    0 Thread(s)

    IMF downgrades global growth projections

    IMF downgrades global growth projections

    A slight downgrade in the projected growth in global GDP over the next two years.

    The International Monetary Fund (IMF) has downgraded its global growth forecast for both this year and next, as a divergence emerges between those economies that are recovering—and those that are not.



    The organization, which represents 188 countries, now expects world growth to come in at 3.3 percent in 2014, down 0.1 percent from its forecast in July. While in 2015, it expects growth of 3.8 percent, down 0.2 percent from earlier expectations.


    It comes less than a month after the Organisation for Economic Co-operation and Development (OECD) slashed its expectations for the global economy because of concerns about a stuttering recovery in the U.S. and the continued fragility of the euro zone.
    Alea iacta est

    Check out the blog.


  2. #2
    Original Ranter
    Points: 253,527, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 3.0%
    Achievements:
    SocialRecommendation Second Class50000 Experience PointsOverdriveVeteranYour first Group
    Captain Obvious's Avatar Senior Member
    Karma
    768556
    Join Date
    Jun 2011
    Posts
    72,188
    Points
    253,527
    Level
    100
    Thanks Given
    25,256
    Thanked 34,696x in 23,559 Posts
    Mentioned
    926 Post(s)
    Tagged
    1 Thread(s)
    China has to be a big hunk of that.

    They were gangbusters a year or so ago, now it's kinda leveling off a bit for them.
    my junk is ugly

  3. #3
    Points: 41,466, Level: 49
    Level completed: 78%, Points required for next Level: 384
    Overall activity: 0%
    Achievements:
    Created Album picturesYour first GroupTagger First ClassSocial50000 Experience PointsVeteran
    Refugee's Avatar Senior Member
    Karma
    38663
    Join Date
    Mar 2014
    Posts
    3,886
    Points
    41,466
    Level
    49
    Thanks Given
    595
    Thanked 2,057x in 1,444 Posts
    Mentioned
    136 Post(s)
    Tagged
    0 Thread(s)
    There are the beginnings of a recession in China in the past year. Nothing major, but money is becoming scarcer, small businesses closing and small price rises. It's hit Thailand hard for the last two or three years, so it's definitely reached Asia and despite all the western political posturing about growth and coming out of it, it looks like the world is still in a recession.








  4. The Following User Says Thank You to Refugee For This Useful Post:

    Peter1469 (10-08-2014)

  5. #4
    Original Ranter
    Points: 456,560, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 73.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    411529
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    140,023
    Points
    456,560
    Level
    100
    Thanks Given
    80,592
    Thanked 62,499x in 42,748 Posts
    Mentioned
    2141 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Captain Obvious View Post
    China has to be a big hunk of that.

    They were gangbusters a year or so ago, now it's kinda leveling off a bit for them.
    I suspect that China's numbers are adjusted by the IMF. Nobody trusts what the Chinese give you.
    Alea iacta est

    Check out the blog.


  6. #5
    Points: 41,466, Level: 49
    Level completed: 78%, Points required for next Level: 384
    Overall activity: 0%
    Achievements:
    Created Album picturesYour first GroupTagger First ClassSocial50000 Experience PointsVeteran
    Refugee's Avatar Senior Member
    Karma
    38663
    Join Date
    Mar 2014
    Posts
    3,886
    Points
    41,466
    Level
    49
    Thanks Given
    595
    Thanked 2,057x in 1,444 Posts
    Mentioned
    136 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    I suspect that China's numbers are adjusted by the IMF. Nobody trusts what the Chinese give you.
    That's true and even the Chinese try to downplay it, but just like the west, people can feel it.








  7. The Following User Says Thank You to Refugee For This Useful Post:

    Peter1469 (10-08-2014)

  8. #6
    Points: 28,956, Level: 41
    Level completed: 51%, Points required for next Level: 694
    Overall activity: 21.0%
    Achievements:
    VeteranTagger First Class25000 Experience PointsSocial
    waltky's Avatar Senior Member
    Karma
    5348
    Join Date
    Oct 2012
    Posts
    8,151
    Points
    28,956
    Level
    41
    Thanks Given
    1,925
    Thanked 1,825x in 1,393 Posts
    Mentioned
    46 Post(s)
    Tagged
    0 Thread(s)

    Lightbulb

    China gettin' ready to shoot the moon...

    Analysts: China poised for 6 to 7 percent rate of economic growth
    Jan. 10, 2018 -- Economists who study China said the world's second-largest economy is poised to grow anywhere between 6.7 to 7 percent in 2018 as consumer sentiment improves and stock markets rally around the world.
    Speaking at a National Committee on U.S.-China Relations forum focusing on China's economic outlook, Qin Xiao, the former chairman of China Merchants Group, said the Chinese economy is likely to reach a 6.7 percent annual rate of growth. "China's exports will continue to benefit from a steady global recovery in 2018," Qin said Tuesday, adding Chinese blue chip stocks are in a position to increase in value as economic fundamentals improve this year. Huang Haizhou, managing director of China International Capital Corporation, offered a higher 7 percent rate of forecasted growth, an estimate that might have struck other analysts at the forum as excessively optimistic. Nicholas Lardy, senior fellow at the Peterson Institute for International Economics, said underlying inefficiencies are hampering growth. "Very important legacy issues are slowing down China's growth rate," Lardy said. "We have a situation where 40 percent of state-owned companies can't cover the cost of capital. They're losing money." "There's still a major problem of misallocation of resources."

    Beijing's 19th Party Congress also demonstrated mixed commitment to further privatization, according to the U.S. analyst. "Xi's speech was a disappointment for those who were looking for implementations of the third plenary reforms of the 18th Party Congress in 2013," Lardy said. "On the other hand the constitution was revised to include that third plenum language about the market being the decisive force in the allocation of resources." Nearly all analysts agreed China is committed to privatization but still struggling to achieve efficiency. Lu Feng, the director of the China Macroeconomic Research Center at Peking University, said Chinese leaders have clearly indicated the country is moving toward a more market-oriented economy, but issues remain. "China is still transitioning, with legacy from the command economy," Lu said. "Two steps forward one step back, because we are trying to solve the problem of how to make China a more market-oriented model. That is an experiment no one has ever done before."


    The 19th Party Congress held in October 2017 demonstrated the Chinese government is committed to privatization, analysts said in New York on Tuesday.

    But Lardy said he sees greater government intervention and an increasingly weak privatization movement linking up in a convergence of trends. "Over the last five years, we've witnessed a greater role for the state, a greater role for state-owned enterprises, more intervention in the economy," he said. "The private sector has weakened over this period." Lardy attributed the trend to government policy that has allowed credit to "flow disproportionately" to state-owned companies, "particularly over the last five years." Chinese authorities undertook the measure in the wake of the 2008 financial crisis, Lardy said, because "this was the quickest way to maintain rapid economic growth." "It was the wrong decision. A lot more growth [could have been achieved] out of the private sector through liberalization," Lardy said. "Returns are so much higher for private firms."

    The analyst said the best example of privatization's benefits could be found in the manufacturing sector where private companies account for 80 percent of investment. "State companies are only doing about 10 percent" in manufacturing, he said, an example for other parts of China's economy. "In the service sector the role of state companies is about five times higher, and they have terrible returns, less than 2 percent," the analyst said. "Liberalize the service sector."

    https://www.upi.com/Top_News/World-N...l&utm_medium=1

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO