IMF official: Global economy “far” from recession

By AhadNA4 14/09/2019 01:25

Al-Ahd News- Continue

Trade tensions are affecting growth around the world but the IMF is “far from” expecting a global recession, an IMF official said on Friday.

The official spoke as the IMF prepares to issue new economic forecasts next month.

The IMF said on Thursday that tariffs imposed or threatened by the United States and China could cut 0.8 percent of global economic output in 2020 and trigger losses in the coming years.

“Trade tensions are affecting growth,” said the official, who is familiar with the forecasting process.

“While manufacturing activity is weak, we also see resilience in the service sector and consumer confidence is holding. The question is how long that flexibility can last,” said the official, who is not authorized to speak publicly.

The IMF issues economic forecasts twice a year to coincide with its spring and autumn meetings, including global GDP forecasts for the current and next year. is over/ 6

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Bakhati reveals what parliament will discuss next week and when to question ministers

Editing Date:: 9/19/2019 19:15

(Baghdad: Euphrates News) MP revealed the opposition bloc wisdom, Jassim Bakhati, what will be discussed by the House of Representatives, which will resume its work on Saturday after the end of his legislative holiday.

Al-Bukhati said in a press statement that “Parliament will work during the first week of its new legislative chapter to resolve the deactivated projects, including the questioning of four ministers – at least -“.

He pointed out that “Parliament will not question any minister during the first week and the following of the start of the second legislative year, and there are still projects are stalled, and will take precedence in the discussion, and then will go to other topics,” without addressing the files of the Popular Mobilization or the completion of the government.

Parliament will resume its sessions on Saturday after a legislative recess that lasted for about 40 days. It intends to resume its third legislative term on Saturday with an ordinary agenda, which was absent from important files that it was hoped to open, such as the unknown shelling that targeted camps and warehouses of armed factions from the crowd. In addition to the file to complete the government of Adel Abdul Mahdi, which is still lacking Minister of Education.

The session, according to a schedule published by the Information Chamber of the House of Representatives, will discuss the law of the first amendment to the law of human organ transplantation and prevention of trafficking, and discuss the law of Iraq’s accession to the UNESCO Convention on the Protection of Underwater Cultural Heritage.

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