However, she said the uptick in global growth in 2020 was driven by emerging markets and developing economies whose growth will rebound to 4.6% next year.
The report pointed out that for few major economies, including India, Brazil, Mexico, Russia, and South Africa, growth in 2019 is sharply lower than in 2018, also for idiosyncratic reasons, but is expected to recover in 2020. Both China and India are set to grow about 6% this year - with a slowing outlook for China next year and faster growth for India.
The recent economic slowdown owing to the trade war and America's sanctions affected the global economy.
The tit-for-tat tariff tussle troubling the US and China, will cost global GDP growth 0.8 percentage points by 2020, the report said.
The IMF cautions that further escalation of trade tensions and associated increases in policy uncertainty could weaken growth relative to the baseline projection.
What can policymakers do to tackle the global economic slowdown?
Indonesia minister stabbed by IS-linked pair Indonesia's security minister has been stabbed by a pair of attackers apparently influenced by the Islamic State militant group. Widodo, who appointed Wiranto to the top security post in 2016, visited him at the hospital.
Egypt said its economy grew by 5.6% in the 2018/19 year, slightly above the IMF's estimate of 5.5%, unchanged from April.
The hike in development projection for next year depends "on the premises that these dispute bottlenecks will obvious up", Gopinath talked about.
Faced with a slowdown in several sectors of the economy, Finance Minister Nirmala Sitharaman had announced a number of policy measures to support a recovery including slashing the corporate tax rate and a rollback of surcharges on foreign portfolio investors.
The IMF said that in India, monetary policy and broad-based structural reforms should be used to address cyclical weakness and strengthen confidence.
"The government has taken welcome steps with tax audits, e-filling, closing loopholes, combating corruption in tax offices, increased exercised taxes and it also launched its strategic growth initiatives that call for this high-level committee". The primary deficit means excluding the expenditure incurred on debt servicing so Pakistan is committed with the International Monetary Fund to convert primary deficit into surplus from next fiscal year and maintain it in surplus position over the medium term under the condition of the International Monetary Fund programme.
Other measures it instant integrated reducing the public sector's role in the monetary system, reforming the hiring and dismissal regulations that "would assist incentivise job creation and absorb the nation's effectively-organized demographic dividend", and land reforms to expedite infrastructure pattern.
Global trade growth reached just 1% in the first half of 2019, the weakest level since 2012, weighed down by higher tariffs and prolonged uncertainty about trade policies, as well as a slump in the automobile industry.
These disputes have whipsawed global markets and weighed on enterprise sentiment, although central financial institution easing has helped alleviate issues a couple of deeper financial slowdown, the report stated.
The system is expected to continue to track northeastward and clear out of the area possibly by late Sunday. As of now most models bring a weather tropical storm (Nestor) into the northern Gulf coast by the weekend.
Skin Screenings, Breast Exams and Education, Bone Density Testing, and Blood Pressure Checks will be available during the event. In addition, Holzer Center for Cancer Care will be providing a Health Screening Event on Tuesday, Oct. 15, 5 p.m.to 7 p.m.
The Seattle Dragons may be the Emerald City's new XFL team, but soon many familiar faces with grace the turf at CenturyLink Field. Silvers is joining Amaro with the Seattle Dragons , while Truesdell was a first-round pick by the Tampa Bay Vipers .
Washington accused Tehran of attacking the vessels with mines and to be behind the drone assault, something it strongly denied . Tensions between Saudi Arabia and Iran have been on the rise since September 14 missile attacks on the Saudi oil facilities.
A lot more skins are shown off (like the 8-Ball assassin that looks a lot like Venom from Guilty Gear ), as is the new map. Now would be the time, according to the latest news that Fortnite profits drop steeply when you look at the past quarter.
Roger Federer has confirmed his desire to play in the 2020 Olympic Games , which will end the day after his 39th birthday. He had to skip the 2016 games in Rio due to a knee problem that forced him to miss the second half of the year.
You can look up your local election day polling station and your advance polling location by entering your postal code here. During the last election, about 18 per cent of voters in both North and West Vancouver voted in advance polls.
A unsafe tropical storm in the North Pacific Ocean has become even deadlier after strengthening to a super typhoon on October 6. They say the location of Super Typhoon Hagibis could change and will need to be watched closely in the coming days.
William and Kate arrive in Pakistan for five-day visit
Catherine, Duchess of Cambridge , interacts with a student at a school on a visit to Islamabad , Pakistan October 15, 2019 . They will also visit programmes aiming to empower young people and learn how communities are adapting to climate change.
Zoë Kravitz will play Catwoman in The Batman movie
However, Kravitz isn't a total newbie to the role - she voiced Catwoman in the 2017 animated film " The Lego Batman Movie ". Per VARIETY , Zoe Kravitz has been cast as Catwoman in director Matt Reeves' THE BATMAN ...and I totally dig it.
Pop Star Sulli Found Dead At Her Home Aged 25
The singer had posted the word "Goodbye", to her Instagram account , prompting a rush of comments from concerned fans. Sulli left f (x) in 2015 to focus on acting, then launched her solo singing career with the 2019 album " Goblin ".
Turkish troops enter Syrian border town
Turkey says its aim is to defeat the Kurdish YPG militia, which it sees as an enemy for its links to insurgents in Turkey. The death toll among civilians in Syria had climbed to 20 after two people died in the city of Qamishli, he said.
Firefighters Battle Blaze in Northern Los Angeles
A time exposure shows embers from the Saddleridge Fire blown by the wind in the Porter Ranch section of Los Angeles on October 11. It's the latest of several destructive that have erupted in Southern California amid critical fire weather conditions.
PG&E shuts off power, Santa Maria on the list
BART has portable generators at certain stations and will have personnel monitoring the generators, a Twitter thread said. Strong winds were expected to prompt any shutdowns between Thursday afternoon and Friday morning, SDG&E said .
Season 24 of ‘The Bachelor’ filming in Costa Rica
Here's an important story for fans of quality TV: Season 24 of " The Bachelor " is now filming in Costa Rica. He finished the season as the second runner-up, and he started filming The Bachelor in September.