India to retain fastest growing economy spot helped by reforms

CHINA-ECONOMY-IMF

-China trade restrictions threaten to damage a steady global growth picture, but there was still time for the world's two largest economies to step back from the brink.

In its biannual World Economic Outlook, IMF kept its GDP growth forecast for India unchanged at 7.4% for 2018-19 and 7.9% for 2019-20, holding that economic activity will be lifted by strong private consumption as well as fading transitory effects of demonetisation of high-value currencies and implementation of the national goods and services tax (GST).

Beyond that horizon, it was more pessimistic, projecting global growth will fade as central banks tighten monetary policy, the USA fiscal stimulus subsides and China's gradual slowdown continues.

Meanwhile, IMF Research Director Maurice Obstfeld cautioned that a trade war could put global growth at risk.

"Global growth is projected to soften beyond the next couple of years", the International Monetary Fund said in its latest World Economic Outlook.

"Conflict could intensify if fiscal policies in the United States drive its trade deficit higher without action in Europe and Asia to reduce surpluses", he said.

But there are signs the synchronized recovery may be becoming a little more uneven, at least in the short term, with the United States charging ahead, fueled by tax cuts and government spending.

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Current volume in a stock, relative to prior volume, shows if interest is higher or lower in a stock than it was before. To measure up a particular stock trading system, it includes a key role of investment market called "Stock Analysis".

Romania's consumer prices are seen rising 4.7% year-on-year in 2018 and by 3.1% in 2019, the International Monetary Fund said in the April edition of its WEO report.

IMF's revised USA forecasts includes the benefits of the tax cuts passed in December as well as a $1.3 trillion spending bill.

The IMF upgraded its forecast for the 19-country eurozone to 2.4 percent - which would be its best showing since 2007 - and up from the 2.2 percent it predicted three months ago. Latin America is forecast to expand 2 percent this year, up from 1.3 percent in 2017.

Turkey's economy is projected to grow above potential, buoyed by improved external demand conditions and supportive policies on multiple fronts-expansionary fiscal policy, state loan guarantees, pro-cyclical macro-prudential policy, and an accommodative monetary stance, the IMF said in its outlook on April 17, which was released as thousands of global finance officials were gathering in Washington for the IMF and World Bank spring meetings this week.

The IMF raised its 2018 forecast of gross domestic product to 1.5% for 2018 and 1.7 for 2019, compared to previous forecasts of 0.9% and 1.6% respectively.

"While the medium-term growth outlook for India is strong, an important challenge is to enhance inclusiveness", the report said.

India will grow 7.4% this year and 7.8% in 2019, both unchanged from January.

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