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Post by rocky on Thu 15 Jun 2017, 1:38 am

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International Monetary raise its economic forecast for China in 2017
the International Monetary Fund, on Wednesday, its forecast for economic growth in China this year to 6.7 percent, indicating "supportive measures, especially the expansion of the provision of credit and public investment." These increase expectations of the Fund forecast in April , amounting to 6.6 percent, which in turn was also high from previous estimates.
China 's economy grew faster than expected 6.9 percent in the first quarter of the year to exceed the government 's target for the whole year of 6.5 percent. The IMF said, he now expects China to achieve growth of 6.4 percent in the average rate between 2018 and 2020. In April / April Fund said 6.2 percent growth rate is expected in 2018. Despite improved growth outlook, the IMF recommended China to accelerate reforms for the transition to a more sustainable growth pattern of monetary policy to facilitate less. The IMF said in a statement , " the most important focus of the recent focus on addressing the risks of the financial sector , which should continue even if it involved some financial tensions and slower growth." He pointed out that China should continue to progress towards the application of a flexible exchange rate, adding that the yuan "generally in line with fundamentals , " according to the evaluation of the Fund.

Brussels ,
industrial production for the euro zone rise and employment records record
data showed on Wednesday that industrial production for the euro zone increased in April, and the employment rate rose in the first quarter of this year to record levels in the new signals on the strong growth of the economy of the region.
The Office of the European Union 's statistics Eurostat said industrial production in the euro , which includes 19 countries rose 0.5 percent compared with March / March area, which is in line with market expectations. On an annual basis production increased in April / April 1.4 percent, slightly more than the market expectations of an increase of 1.3 percent. It was accompanied by a strong increase in industrial production data adjusted to the upside for the month of March , when 0.2 percent of production increased on a monthly basis and 2.2 percent on an annual basis.
In a separate statement, Eurostat said that employment in the euro area in the first quarter of the year grew by 0.4 percent on a quarterly basis and 1.5 percent on an annual basis. Eurostat said 154.8 million people got jobs in the euro zone in the first quarter of the year, the highest number recorded at all and exceed the previous peak in the first quarter of 2008.

London is
expected to increase oil production for consumption in 2018 exceeded the demand of
100 million b / d
said the international energy agency on Wednesday, is expected to surpass the growth of the supply of oil in the next year , an expected increase in demand will push global consumption above 100 million barrels per day for the first time. The Paris - based agency, said that production from outside the Organization of Petroleum Exporting Countries will grow in 2018 at twice the pace of the current year when OPEC decided and 11 partner countries to restrict production. The IEA said "in terms of total production from outside OPEC, we expect production to grow by 700 thousand barrels per day this year." "In 2018, we expect non - OPEC production to grow by 1.5 million barrels per day, which is slightly lower than anticipated increase in global demand exceeds." Continued crude futures for Brent global measurement losses after the publication of the report, 64 cents to go down during the session to $ 48.08 a barrel by 0804 GMT , from around $ 48.26 before publishing. And increased oil inventories in most industrialized countries around the world in April by 18.6 million barrels to 3.045 billion barrels, thanks to higher production of refiners and imports. Said the IEA, said that stocks more than an average of five years by 292 million barrels.

    Current date/time is Sat 26 May 2018, 12:48 am