Nifty99000 100%

Sensex99000 100%

Article rating: 4.2
Article rating: 5.0
Article rating: 5.0
Article rating: 4.8
Article rating: No rating
Article rating: 5.0
Article rating: 3.6
Article rating: 2.0
Article rating: 3.6
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: 4.0
Article rating: No rating
Article rating: 5.0
Article rating: No rating


India reclaiming its place as a growth leader after slowdown IMF

Author: IANS/Tuesday, January 16, 2018/Categories: Global

India reclaiming its place as a growth leader after slowdown IMF

By Bhavana Akella 

Hong Kong - The global economy is getting stronger from cyclical recovery pointing to faster growth across regions, said a senior IMF official.

"The cyclical recovery in the global economy is going from strength to strength. The signs point to faster growth across all regions," International Monetary Fund's (IMF) First Deputy Managing Director David Lipton said at the Asian Financial Forum.

Addressing the Forum's 11th edition, he also said that India was reclaiming its place as a growth leader.

"India is reclaiming its place as a growth leader after a short slowdown," Lipton told about 3,000 delegates from the world over participating in the two-day event, being held at the Hong Kong Convention Centre in the downtown.

Announcing that the multi-lateral lending agency IMF would give its world economic outlook for 2018 next week, he said the global economy was in a late stage of recovery from the global financial crisis of 2008.

"With economic slack in advanced economies diminishing, it is not clear how long the good news will continue.

"Now is the time to address vulnerabilities and structural issues that could impede sustained growth, and to take steps to enable stronger growth once cyclical growth is no longer driving the economy," he said.

The "sun is shining" on the global economy with rising investments and consumer demand, he said.

Investments are lifting world trade at a rate above the Gross Domestic Product (GDP) growth, the IMF official noted.

With the economies in the US and Europe rebounding, unemployment in many developed countries is reducing, added Lipton.

"Asia contributes two-thirds of global growth. With strong consumption and investment, rising exports and steady capital inflows, the outlook for the region remains bright," he said.

According to IMF, China alone contributes to a third of the global growth.

"China is a key trading partner for over 100 countries that represent 80% of the global GDP," said Lipton.

But, the global economy also faces the challenge of rising geopolitical tensions amid countries, he warned.

"Wage growth remains weak in many advanced economies, and productivity growth is lagging," he said.

A "significant" portion of the global economy was not participating in the recovery, with several oil exporters seeing low prices even as their economies rebound, said Lipton.

IMF's projections foresee that over 40 countries including some major emerging market countries would grow more slowly than advanced countries.

"Some developing countries also seem likely to face difficulties from the burden of rising indebtedness," Lipton said.

Lipton is one of the keynote speakers at the annual financial summit that is being attended by at least 100 speakers from the global financial community, and about 3,000 delegates attending from nearly 50 countries like China, Hong Kong and the US.

Print Rate this article:
No rating

Number of views (166)/Comments (0)

rajyashree guha


Other posts by IANS
Contact author

Leave a comment

Add comment



Ask the Finapolis.

I'm not a robot
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest



The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free