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In the IMF's October 2018 Global Financial Stability Report, which was released in the run-up to the IMF-World Bank Annual Meetings in Southeast Asia, it found that global near-term risks to financial stability have increased somewhat, reflecting mounting pressures in emerging market economies and escalating trade tensions.

"There is no denying that the susceptibility to large global shocks has risen", IMF chief economist Maurice Obstfeld told reporters after the fund cut its outlook for global GDP growth by 0.2 percentage points to 3.7 percent for this year and next.

China's economy could also take a hit: The IMF revised its forecast for economic growth in 2019 down to 6.2 percent, slightly lower than previous estimates and down from 6.6 percent this year. It is projecting a current account of -4.1 per cent of GDP in 2018, -4.0 per cent of GDP next year and-3.6 per cent of GDP.

The IMF expects the USA economy to grow 2.9 per cent this year, the fastest pace since 2005 and unchanged from the July forecast.

The IMF said the balance of risks was now tilted to the downside, with a higher likelihood that financial conditions will tighten further as interest rates normalize, hurting emerging markets further at a time when US -led demand growth will start to slow as some tax cuts expire.

India's medium-term growth prospects remain strong at 7.75 per cent, benefiting from ongoing structural reform, but have been marked down by just under 0.5 percentage point relative to the April 2018 WEO, it said.

The brighter outlook is due to higher non-oil growth and an uptick in oil production as global crude output cuts that started in January a year ago, come to an end.

Qatar Airways marks World Mental Health Day
The project is being organised by a group of 12 people - the majority of whom are under 30 and have experienced mental illness. Disorders such as depression and anxiety are more common among women.

On the global ratings, International Monetary Fund cut its global growth forecasts due to the trade tensions between the USA and trading partners.

In Nigeria, he said inflation rate is projected to drop to about 12.4 per cent in 2018, from 16.5 per cent in 2017, before rising to 13.5 per cent in 2019.

Acceleration in the growth rate from 2017-18 reflects a rebound from transitory shocks (the currency exchange initiative and implementation of the goods and services tax), with strengthening investment and robust private consumption, the International Monetary Fund said. The report said that aggregate growth in the emerging market and developing economy group stabilised in the first half of 2018.

She said the IMF's research has shown that excessive inequality, whether caused by technology, trade, global integration, or policies favoring capital over labor, is magnifying economic and social tensions, especially in advanced economies.

A bull run has taken US equities to record highs this year.

It cited Australia, New Zealand and Britain as countries that are taking positive steps to better manage their assets against the growth of future liabilities.

Trump has repeatedly touted Wall Street record highs as proof of the success of his policies and confrontational trade strategy, and frequently criticises the Fed for gradually raising interest rates, which could squeeze the brakes on equity markets.


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