IMF Raises Global Growth Forecast

Is China's Economy Coming Back?

Yet, while the global economy is enjoying strong growth, challenges remain.

Tunisia is set to reach 2.3% growth by the end of the year, in line with World Bank forecasts, the International Monetary Fund (IMF) has said.

The report cited "notable pickups in investment, trade, and industrial production, coupled with stronger business and consumer confidence", as central to the strong global recovery. Morocco is expected to report 4.8% growth this year and 3% growth in 2018 and Egypt 4.1% growth this year and 4.5% growth in 2018.

Broad-based upward revisions in the euro area, Japan, emerging Asia, emerging Europe, and Russian Federation more than offset downward revisions for the United States and the United Kingdom. The Fund further projected Pakistan budget deficit at 5.4 percent for 2018 against 5.7 percent for 2017.

In its latest "World Economic Outlook" the International Monetary Fund forecasts 3% growth for Tunisia in 2018 and a slight improvement in its foreign trade balance, with deficit falling from 8.7% in 2017 to 8.4% next year.

Avis Budget Group, Inc. (NASDAQ:CAR) Trading Up - Short Interest Down -8.66%
The investment professionals in our partner's database now hold: 115.24 million shares, up from 101.39 million shares in 2017Q1. Following the completion of the sale, the insider now owns 510,714 shares in the company, valued at $19,049,632.20.

European Council building in poison alert
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It also demonstrates a stable dividend policy for Delta Air Lines, Inc . connected to the long-run, with viable earnings. A number of hedge funds and other institutional investors have recently made changes to their positions in the stock.

Reviewing the problems of the Tunisian economy, namely, the low economic growth and a sharp rise in public spending including wages, combined with delays in implementing key reforms, the high unemployment, the WB estimated that the national unity government -a coalition of the main political parties and social partners-was formed a year ago, to tackle the needed reforms, but identifying a first move has proven hard.

IMF's optimistic estimate is consistent with China's own forecast. Nonetheless, they urged governments to use this period of calm to prepare for the inevitable challenges of the future.

Growth forecasts in the USA, UK and India have been revised downwards. The UK economy is beset by doubts over the final arrangements of its exit from the European Union while doubts over the U.S. economy have led to marginally reduced growth expectations.

China's booming economy continues to propel Asia and drive worldwide economic growth. The Chinese economy is predicted to grow by 6.8 percent in 2017 and by slightly less in 2018.

'After disappointing global growth over the past few years, this recent pickup provides an ideal window of opportunity for policymakers to undertake critical reforms to stave off downside risks, raise potential output, and improve living standards more broadly, ' the report indicated.

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