imf raises global growth forecasts us tax cuts provide boost
Saturday 24 May 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

At Least A Short-Term Boost From The US Tax Cuts

IMF raises global growth forecasts, US tax cuts provide boost

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleIMF raises global growth forecasts, US tax cuts provide boost

Global economies are recovering simultaneously and at a stronger pace
Washington - Muslimchronicle

Global economies are recovering simultaneously and at a stronger pace, and will get at least a short-term boost from the US tax cuts, the International Monetary Fund said Monday.

In the latest update to the IMF's World Economic Outlook, nearly all the forecasts for 2018 and 2019 were revised upward compared to the October edition.

However, the fund warns that exuberant financial markets could be due for a reversal.

The global economy is now expected to grow 3.9 percent this year and next, two-tenths higher than the previous estimate, and up from 3.7 percent in 2017.

Advanced economies are seeing solid simultaneous growth, and the US tax reform passed just before Christmas will have a measurable effect, at least for a couple of years.

"The revision reflects increased global growth momentum and the expected impact of the recently approved US tax policy changes," the IMF said.

 

"Some 120 economies, accounting for three quarters of world GDP, have seen a pickup in growth in year-on-year terms in 2017, the broadest synchronized global growth upsurge since 2010."

The WEO upgraded the US GDP forecast by a surprising four-tenths of a point this year to 2.7 percent, compared to the expected 2.3 percent in 2017.

And for 2019, the IMF increased its US growth forecast a whopping 0.6 points from October to 2.5 percent.

The corporate tax cuts are seen driving investment, which could add growth of 1.2 percent to the US economy through 2020, while also contributing to the faster expansion in US trading partners like Mexico

Source: AFP

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

imf raises global growth forecasts us tax cuts provide boost imf raises global growth forecasts us tax cuts provide boost

 



Themuslimchronicle, themuslimchronicle

GMT 08:36 2015 Sunday ,27 September

Hamilton powers to Formula 1 victory in Japan

GMT 09:07 2018 Tuesday ,23 January

US tightens rules on Middle East air cargo

GMT 08:12 2011 Tuesday ,11 October

New York: Spring / Summer 2012

GMT 09:52 2017 Friday ,01 December

Eurozone stocks slide, Dow surges above 24,000

GMT 16:14 2017 Thursday ,07 December

Investigators find signs of Rio bid corruption

GMT 11:48 2017 Sunday ,17 December

Saudi King receives FIFA President

GMT 08:47 2017 Friday ,01 December

Rising seas may submerge 13,000 US historical sites

GMT 10:09 2017 Thursday ,14 December

Dorsett City announces relaunch and appoints Grifco PR

GMT 20:25 2013 Friday ,18 October

Best house furniture

GMT 14:43 2011 Wednesday ,23 November

Skiing in Switzerland: A snowy singalong

GMT 15:03 2016 Wednesday ,16 March

7 soldiers wounded in mortar attack in Benghazi

GMT 07:41 2015 Wednesday ,30 September

Kershaw stars as LA Dodgers down San Francisco Giants
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle