The International Monetary Fund (IMF) on Sunday announced a slowdown in US economic growth this year and in 2018 from the premise of shrinking budget expenditures, while in return, economic growth at the global level is expected to improve.
The International Monetary Fund (IMF) recorded an improvement in global economic growth but predicted a slowdown in the US economy this year and in 2018 compared with its figures previous, where the box said in an update to the figures published on April April that growth would be better than expected in the euro area thanks to the improved Performance of the economies of Spain, Italy and, in a lesser way, France and Germany.
According to the IMF, the recovery of global growth announced in April April is expected to be on track with a growth forecast of 3.5 percent in 2017 and 3.6 percent in 2018. But these expectations obscure the differences between States. The United States will record lower growth than expected from the premise of a shrinking budget.
Thus, the Fund adjusted its expectations for American growth to 2, 1% for this year and 2018 compared to 2.3% and 2.5% previously, so the expected growth is much lower than the goal of the Donald Trump government to achieve 3%.
In Britain, growth is expected to decline compared with the figures of April April at 0.3% to 1.7% this year "due to a downturn in economic activity from the first quarter", with the expectation that it would remain at 1.5% in 2018. In contrast, the fund adjusted its forecast for the year 2017 upwards in a number of eurozone countries, including Germany, Spain, France and Italy, where growth in the first quarter of this year surpassed expectations thanks to improved domestic growth.
As for China, it raised its expectations to 6, 7% increase by 0.1% this year and to 4.6%, an increase of 0.2% in 2018 due to improved economic activity in the first quarter with additional flexibility in investment and supply policy. The forecast for Russia remained at 1.4 percent for the years and India at 2.7 percent and 7.7 percent.
With the exit of Brazil, which is facing a political and economic crisis of deflation this year with growth of 0.3 percent, growth will be less than expected with 1.3 percent in 2018 instead of 1.7 percent, according to the cash pool.
Of the other G-7 countries, Japan will record 1.3% this year and 0.6% in 2018, and in Canada it will improve to 2.5% this year, but with a slight decline from the forecast in 2018 to 1.9%.
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