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The International Monetary Fund (IMF) warned that trade tensions between the United States and its trading partners "can" derail the global economy. "
IMF Calls Global Economic Outlook (DEG) Report" More Unbalanced Growth and Higher Trade Volumes "
Raporda pointed out that downside risks are expected to rise, although global growth forecasts for 2018 and 2019 should to remain at 3.9%.
In addition, Raporda pointed out that the growth became more and more unbalanced with the following valuations:
"The short-term dynamics of the US economy strengthens as expected in the April DEG report, while growth forecasts for the euro zone, Japan and the United Kingdom were revised downward due to the surprises of the emerging and emerging markets. Rising trade tensions with the United States, with rising interest rates and weak economic fundamentals in some countries due to pressure on the foreign exchange market is becoming more and more unstable.
"Trade actions can derail the recovery"
In the IMF report, the United States recently announced or announced tariffs that should be announced or announced in the near future. These measures, which increase trade tensions and stress that these long-term steps can have serious consequences, said: "These actions can derail the recovery because of the direct effects on the allocation of resources, Uncertainty and Investment
Raporda noted that geopolitical concerns and political uncertainties are among the other risks that threaten the global economy.
European Countries and Japan's Growth Expectations are ind ind
The IMF also announced new growth forecasts for some countries in its recent DEG report.
According to forecasts released by the US economy in April, 2.9% for this year and 2.7% for next year
The expectations for the euro area are reduced to 2.2% against 2.4% in 2018 and 1.9% against 2% in 2019.
The Eurozone
Economists IMF have lowered their forecasts for the & # 39; Germany in 2018 by 0.3 percentage point to 2.2% in the downward revision to the & # 39; Germany, France and & # 39; Italy. The growth forecasts for the country rose from 2.1% to 2.1% in 2019.
Growth forecasts for France were set at 1.8% for this year and 1.7% for the following year. These ratios were reported as 2.1% and 2%, respectively, in the previous report released in April.
Raporda said the Italian economies will grow by 1.2% this year instead of 1.5% and 1.1% next year,
The IMF has maintained its growth projections for the Spain at 2.8% and 2.2% respectively, without altering the growth projections for 2018-2019.
In the United Kingdom, which is not included in the euro area,. Raporda, Britain's growth expectation this year from 1.6 percent to 1.4 percent pulled. The country's expectations for 2019 were left at 1.5%
Japan's growth forecast was 1.0% and 0.9%.
Growth expectations for the group of developed countries have been reduced to 2.4 percent from 2.5 percent for 2018 as part of these revisions, while percentages for 2019
. developing countries
Growth estimates for China, Russia and South Africa have not been revised among developing countries.
As a result, China is expected to grow 6% this year, 6 and 6.4 percent next year. Expectations for Russia are set at 1.7% for 2018 and 1.5% for 2019. IMF economists had expectations for South Africa of 1.5% and 1.7%.
On the other hand, India's growth expectations are expected to rise from 7.4% to 7.3% this year, from 7.8 percent to 7.5 percent
The forecast Brazil's growth rate for this year was 1.8 percent, compared to 2.3 percent, the country whose negative revision was the largest. growth forecast for next year, the country was left stationary at 2.5 percent.
"Turkey is expected to grow by 4.2 percent this year,"
is the assessment of Turkey in the IMF report "Emerging country financial and developing economies conditions" title has been given under.
Argentina, India, Indonesia, Mexico, interest rates of central banks of Turkey increases taking care report, pointed out that the loss of value in many developing countries.
external deficits, such as Turkey's financial situation continued to tighten the country's top recorded in the report, the country's economy is expected to growth of 4.2 percent this year has been reported. report
released in April, 2018 growth forecast for Turkey to 4.4 percent and announced that 4 percent 2019 growth forecast.
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