Listen to ABR

IMF Screams over The Global Trade Uncertainty Index - False Alarm?

Sep 10, 2019 04:36 PM
IMF Screams over The Global Trade Uncertainty Index - False Alarm? Africa Business Radio, International Monetary Fund, Africa Business News, IMF, Global Uncertainty Index, World economic outlook


The International Monetary Fund (IMF) has expressed concern over the rise in trade uncertainty in Nigeria and many other economies amid the escalating trade tensions between the United States and China. The IMF said on Monday that rising trade uncertainty was cited as a driving factor for “ sluggish global growth ” in the current issue of its World Economic Outlook, which described the state of the world economy. While unveiling a new index that tracks trade uncertainty across 143 countries, the Washington -based fund described the World Trade Uncertainty index as “ the first effort to create a trade uncertainty index for a large set of advanced and developing economies. ”The index shows increased uncertainty starting around the third quarter of 2018, coinciding with tariff increases by the US and China. It then declined in Q 4 2018 as both countries announced a deal to halt the escalation of tariffs in December.

Get the latest headlines and unique ABR stories, sent every weekday.

Upcoming Events

Wed 17

ABR social sensitization on HIV & AIDs

Jul 17 @ 07 AM - Jul 24 @ 05 AM

Job Listing

Software Developer

Google
2019-07-31
×

Newscast

News Updates

  • The London Stock Exchange Considers Takeover Offer By Hong Kong Bourse

  • Ghana to Build a Bigger Airport For Oil Rich Region - Minister of Aviation

  • Zimbabwe Missed Minerals Export Earnings Target, Attributed to Worsen Economic Condition

  • Nigeria Goes Big on Rail Transport Development, $5.3 billion Approved For Ibadan-Kano SGR

  • Gig-Economy Workers Like Uber Drivers to Get Holiday and Sick Pay

  • Nigeria Plans to Extend FX Futures Curve to 10 years

  • Nigeria Looks to Middle East For Infrastructure and Human Capital Development

  • NBS: Nigeria's Trade Balance up 4.4% Q/Q in Q2 2019

  • China Romances Morocco on Tourism; Buhari in Abu Dhabi Leaks Nigerian Investment Plan; 4 Countries at the Forefront of Digital Revolution in Africa.....More on the News

  • Analysts Frown at Buhari's 9.7 trillion Naira 2020 Budget