IMF 2018 Report

The Jakarta Post-Oct 10, 2018

Even though the latest report of the International Monetary Fund predicts that global growth will remain steady this year, and in 2019, at last year’s 3.7 percent expansion rate, the multilateral institution points to the writing on the wall for several emerging economies. The latest IMF “World Economic Outlook” report released at the IMF-World Bank Annual Meetings in Bali on Tuesday hints at possible further negative shocks to growth prospects. A similar warning was also conveyed by the IMF “Global Financial Stability Report” released last week, pointing out that the tightening United States’ monetary policy, coupled with trade uncertainties, have discouraged capital inflows to emerging economies, weakened their currencies and depressed equity markets.

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First published in: The Jakarta Post