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Brazil's economy projected to rise in 2018, but not without reforms

20 April 2017

Kosovo's economic growth is expected to speed up to 3.6% in 2018 and to reach 4.0% in 2022, the IMF's April WEO report showed on Tuesday.

It also came ahead of this week's gathering of central bank governors and finance ministers for the 2017 IMF/World Bank annual spring meeting in Washington.

'In Washington this week I will be talking to our worldwide partners about how we can carry on increasing global economic growth, with Britain again playing an active and engaged role in the global economy'.

She said: "Despite predictions of immediate financial and economic danger, since the referendum we have seen consumer confidence remain high, record numbers of jobs, and economic growth that has exceeded all expectations". The IMF upgrades Australian GDP to 3.1 percent for 2017, from 2.5 percent in 2016, and at 3 percent for 2018.

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India will not need to fear losing its fastest growing economy tag to China, instead will see bigger growth rate numbers despite the demonetisation setback it faced a year ago, International Monetary Fund has said. It, however, revised up its unemployment rate forecast for the country at 6.1 percent in 2018.

Japan's forecast was revised up 0.4 points to 1.2 percent. The IMF has admitted that Britain's economy has been stronger than it had expected since last year's vote to leave the European Union and said the challenge now is for the United Kingdom is to successfully navigate that exit and trade deals.

"The subdued pace of expansion reflects lower headline growth in the region's oil exporters, driven by the November 2016 OPEC agreement to cut oil production", the Washington-based International Monetary Fund said.

"At the same time, a combination of adverse weather conditions and civil unrest threaten several low-income countries with mass starvation".

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"Whether the current momentum will be sustained remains a question mark", Obstfeld said.

The estimates on Romania's current account deficit haven't changed, and remained at 2.8% of the GDP this year.

Among the worries are the possibility for a rising U.S. deficit and the dismantling of financial regulations erected after the 2008 global crisis, which "would raise the probability of costly financial crises in the future", the International Monetary Fund warned.

Among them is "the turn towards protectionism, leading to trade warfare", Obstfeld said in the foreword of the report.

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