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IMF Staff Concludes Visit to Jamaica PDF Imprimare Email
Sâmbătă, 08 Decembrie 2018 18:49

                      

 

    An International Monetary Fund (IMF) staff team led by Uma Ramakrishnan visited Kingston from December 3 to 7, 2018, to take stock of progress on Jamaica’s economic reform program supported by the IMF’s precautionary Stand-By Arrangement (SBA). At the end of the visit, Ms. Ramakrishnan issued the following statement:

    “Positive developments continue to sustain Jamaica’s economic reform program. The unemployment rate is at an all-time low of 8.4 percent, with significant gains among women and younger workers. Inflation is in the Bank of Jamaica’s (BOJ) target range of 4–6 percent. Gross international reserves were at US$3.4 billion at end-November. Growth for this fiscal year is expected to be 1½–2 percent. Looking ahead, lower global oil prices, if sustained, should support a narrower current account deficit and support domestic demand.

 

 

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IMF Executive Board Concludes 2018Article IV Consultation with the Federal Democratic Rep.of Etiopia PDF Imprimare Email
Marţi, 04 Decembrie 2018 19:07

 

              

    On November 30, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation [1] with the Federal Democratic Republic of Ethiopia.

     In 2017/18, real gross domestic product (GDP) grew by 7.7 percent, driven by favorable harvests and rapid growth in air transport and manufacturing exports. However, political uncertainty, foreign exchange shortages, and adverse terms-of-trade trends hampered economic activity. The authorities succeeded in reducing the external current account deficit to 6.4 percent of GDP in 2017/18 through determined policies to restrict public sector imports and borrowing and a tight monetary policy stance. Prudent budget execution led to a lower-than-planned fiscal deficit, estimated at 3.7 percent of GDP. Tax revenue continued to disappoint and was offset by expenditure savings, while ring-fencing pro-poor programs. Inflation, at 12 percent in September 2018, has edged down but remains above the National Bank of Ethiopia (NBE)’s single-digit target reflecting lagged effects of public sector credit expansion in 2017, passthrough of the October 2017 devaluation, and political disruptions which affected distribution networks. The NBE reduced the growth of base money from 32 percent in July 2017 to 19 percent in June 2018 to rein in inflation. However, broad money and credit growth remained strong.

 

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OPEC a pierdut controlul PDF Imprimare Email
Marţi, 20 Noiembrie 2018 19:21

Cei trei oameni care decid preţul petrolului au interese divergente

                       

      Conform  mediafax.ro,OPEC a pierdut controlul asupra preţului petrolului, în condiţiile în care acţiunile sau mesajele pe Twitter a trei oameni – preşedintele american Donald Trump, cel rus Vladimir Putin şi prinţul moştenitor saudit Mohammed Bin Salman – vor determina cursul preţului petrolului în 2019 şi după.

    Dar fiecare dintre ei are propriile dorinţe, comentează Bloomberg. În timp ce OPEC avea un scop comun, SUA, Rusia şi Arabia Saudită domină livrările globale. Împreună cele trei state produc mai mult petrol decât cei 15 membri ai OPEC, şi toate trei statele şi-au sporit livrările la niveluri record, care ar putea fi şi mai mari anul viitor.

Aceste creşteri ale producţiei, alături de previziunile optimiste leegate de cerere, precum şi decizia preşedintelui Trump de a excepta unele state de la sanţiunile impuse Iranului au schimbat sentimentele pieţei, de la temeri legate de o eventuală penurie la o abundenţă de stocuri de petrol, în doar trei luni.

 
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How dying stars could reignite with help from enigmatic class of black hole PDF Imprimare Email
Joi, 01 Noiembrie 2018 21:09
Simulations suggest that white dwarf stars could be reignited by a close encounter with an intermediate-mass...

Simulations suggest that white dwarf stars could be reignited by a close encounter with an intermediate-mass black hole(Credit: NASA/CXC/M.Weiss)


     A white dwarf is one of the last stages of life for stars of a certain size, and it's all downhill from there – with no new source of energy, the object will gradually fade away into obscurity. But supercomputer simulations run by astronomers at Lawrence Livermore National Laboratory (LLNL) suggest that these dying stars could be reignited by a close encounter with an enigmatic class of black hole.

     While the largest stars die dramatic deaths, exploding as a supernova and collapsing into a black hole, lower mass stars are a bit more discreet. They throw off their outer layers as a less explosive planetary nebula, leaving behind a white dwarf core. Too small and cool to continue producing fusion reactions, white dwarfs can shine for trillions of years before eventually fading away into a hypothetical black dwarf – a fate that our own Sun faces, in about a quadrillion years.

 

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SUA pregăteşte taxe vamale SUPLIMENTARE pentru toate produsele din China PDF Imprimare Email
Marţi, 30 Octombrie 2018 08:02
                            Imagine similară
      Conform mediafax.ro,Administraţia de la Washington ar putea impune din decembrie taxe vamale suplimentare pentru importurile din China, în cazul în care negocierile dintre preşedinţii Donald Trump şi Xi Jinping nu vor da rezultate, afirmă oficiali americani citaţi de agenţia Bloomberg.

Statele Unite au impus deja taxe vamale pentru produse din China în valoare de 257 de miliarde de dolari, iar noile tarife se vor aplica pentru restul mărfurilor chineze care ajung pe piaţa americană.

Potrivit unor oficiali din cadrul Administraţiei de la Washington, Statele Unite vor recurge la impunerea de taxe vamale suplimentare în cazul în care nu vor exista rezultate după discuţiile pe teme comerciale pe care preşedintele american, Donald Trump, le va avea cu omologul său chinez, Xi Jinping.

 

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