Last Issue

Login

Newsletter

Please submit your email address here

Who advertise with us

  • 100---Copy
  • 100

Exhibition Status Update!

With 3 weeks until SHOWTIME, the 20th Anniversary edition welcomes an All-Star cast of new and returning exhibitors, making up the largest DOMOTEX asia/CHINAFLOOR to date. Due to high demand in all product...

Global designers to exhibit at Luxury Br…

Designers from Europe, Middle East and North America will exhibit at the upcoming Luxury Brands Carpet Show. The second edition of the curated Luxury Brands exhibition and designer carpet collection is scheduled to...

H&M to dress Swedish teams for Olymp…

Hennes and Mauritz Group (H&M) will dress the Swedish teams for the Winter Olympics and Paralympics in PyeongChang 2018. The company will create outfits for the opening and closing ceremonies. The collection will...

Saurer to show Allma TechnoCorder TC2 at…

Saurer Technologies GmbH & Co. KG Twisting Solutions, a leading provider of energy efficient solutions for tire cord, carpet, staple, glass filament, and industrial yarns, will present its Allma TechnoCorder TC2 innovative machine...

Cone Denim and Unifi launch S Gene with …

Cone Denim and Unifi have launched the latest in advanced stretch technology - S Gene with Repreve . Combining the advanced stretch technology of S Gene with the superior sustainability and performance of...

Shima Seiki to partake in Premiere Visio…

Leading computerised knitting machine developer, Shima Seiki Mfg., Ltd., is set to participate at the Premiere Vision show, a global event for fashion professionals, to be held in Paris, from February 13 to 15, 2018...

Measurably more productive and econom- i…

Even if the winding machine is only responsible for about 10-15% of the energy consumption (compressed air and electrical energy) when considering the classic ring spinning process, these criteria play an important role...

Wool to dominate at Intertextile Shangha…

Some 3,300 exhibitors from around 20 countries covering all apparel fabrics and accessories product groups are expected at the Spring Edition of the industry’s most comprehensive sourcing platform for the spring/summer season, Intertextile...

Country-specific structural reforms can boost growth: IMF


(Global)

Although the pace of the global recovery has disappointed in recent years, country-specific structural reforms can strengthen potential growth or make growth more sustainable, says the International Monetary Fund (IMF) in its latest World Economic Outlook (WEO).

The weaker-than-expected global growth in first half of 2014 along with increased downside risks, the projected pickup in growth may again fail to materialize or fall short of expectations, argue economists in the report.

The latest WEO forecasts global growth to average 3.3 percent in 2014--unchanged from 2013--and to rise to 3.8 percent in 2015. The weaker than expected growth outlook for 2014 reflects setbacks to economic activity in the advanced economies during the first half of 2014, and a less optimistic outlook for several emerging market economies, says the report.

According to Olivier Blanchard, Economic Counsellor and head of the IMF’s Research Department, there are two underlying forces that weigh on global recovery. “In advanced economies, the legacies of the pre-crisis boom and the subsequent recession, notably high debt burdens and unemployment, still cast a shadow on the recovery, and low potential growth ahead is a concern.” Several emerging markets are also adjusting to lower potential growth, he says.

Across the globe, investment has been weaker than expected for some time. As a result, “global growth is still mediocre,” says Blanchard. At the same time, he notes, economic evolution is becoming more differentiated in major countries and regions, with the pace of recovery reflecting various country-specific conditions.

In advanced economies, growth is forecast to rise to 1.8 percent in 2014 and 2.3 percent in 2015. WEO projects faster growth in the US following a temporary setback in the first quarter of this year. In the euro area, a gradual, but weak recovery is projected to take hold, supported by a sharp compression in interest spreads for stressed economies and record-low long-term interest rates in core euro area economies. In Japan, GDP contracted more than expected in the second quarter of 2014, and looking ahead, private investment is forecast to recover and growth to remain broadly stable in 2015.

Emerging market and developing economies are expected to grow at 4.4 percent in 2014, a bit weaker than the forecast in the April 2014 WEO. This slowdown is due to lackluster domestic demand and the impact of increasing geopolitical tensions, especially on Russia and neighboring countries.

In China, growth is expected to decline slightly in 2014-15 to 7.4 percent, as the economy transitions to a more sustainable path. Growth is expected to remain strong elsewhere in emerging and developing Asia. In Latin America, the growth rate is forecast to decrease by half this year, to around 1.3 percent, due to declining exports as well as domestic constraints. Growth is expected to rebound to around 2.2 percent in 2015.

In sub-Saharan Africa, stronger growth is expected because of supportive external demand conditions and strong investment demand, although prospects vary across countries. In the Middle East and North Africa, the recovery remains fragile even as growth is expected to start picking up modestly on the back of improving domestic security conditions and improving external demand. Similar considerations underpin modest improvements in activity in Russia and other economies of the Commonwealth of Independent States.

The October WEO emphasizes the increase in downside risks—both in the short and medium term—that could dent global confidence and growth. These include heightened geopolitical risks, a larger-than-expected increase in US long-term interest rates, secular stagnation in advanced economies, and protracted low inflation or outright deflation, particularly in the euro area.

In such a scenario, raising actual and potential output must remain a priority in most economies across the globe, says the IMF. In advanced economies, an increase in public infrastructure investment could provide a boost to demand in the short term and help raise potential output in the medium term, especially in US and Germany. In emerging market economies, the scope to use macroeconomic policies to support growth varies and is more limited in countries with external vulnerabilities.

For both advanced and emerging market countries, there is a general, urgent need for country-specific structural reforms to strengthen potential growth or make growth more sustainable. For many countries, this means improving labor and product markets, including reforms to lower the costs of hiring on regular employment contracts and facilitating greater labor force participation (many advanced European economies and Japan), and easing barriers to doing business and investment in the services.

“The challenge for both advanced and emerging market economies, is to go beyond the general mantra of ‘structural reforms,’ to identify which reforms are most needed, which reforms are politically feasible,” says Blanchard. More generally, Blanchard adds, policymakers need to “reestablish confidence through clear plans to deal with both the legacies of the crisis and the challenge of low potential growth.” (RKS)


Fibre2fashion News Desk - India

Textile News

new and captivating world of trends, inn…

interview with Domotex Director / Ms. Susanne Klaproth   Could you please give us a br...

Sellers,The Carpet Finishing Machinery S…

  Interview with Mr Roozbeh Moravej Mr Roozbeh Moravej is the new face of the British ...

Destructive competition among producers …

  In this issue of the magazine we have an interview with Masoud Kamali ardakani former...

The knowledge of melt-sminning machinery…

  Interview with Mohammad Ali Zare Manager of STIM Group   KJT: Please gave a detaile...

Kohan Textile Journal interview with Loe…

Mr. Silvano Auciello / Sales Director   1.  Could you please let us know about your su...

Interview with Messe Frankfurt (HK) Limi…

“The gateway to Asia's home living” this is your slogan. Could you please explain why ...

Arab Carpet and Flooring Expo 2017

Interview with “Ms. Dyan Balgos” who is the “Marketing Manager” for “Arab Carpet and Floor...

Farsh Online: New window to Carpet E-com…

  Online Carpet Sale: Still Accelerating Farsh Online is the first online carpet sale in...

Zartosht; An Experience Ranging from Han…

Kohan Textile Journal Zartosht; An Experience Ranging from Hand-woven to Machine-made C...

Dr. Karegar speaks on return of Iranian …

Kohan Textile Journal Dr. Karegar speaks on return of Iranian carpet to America: India...

Salehi: My Biggest Challenge with Produc…

        Kohan Textile Journal In an Interview with Winner of Designing Prize in a C...

Farahi: We are satisfied with our partic…

        kohan textile journal Ali Farahi (Eng.), is a member of Farahi family who m...

Interview with Mrs Regina Brückner

Kohan Textile Journal Interview with Mrs Regina Brückner, Chairperson, VDMA Textile Mac...

Interview with Ms Wendy Wen

Kohan Textile Journal Interview with Ms Wendy Wen, Senior General Manager, Messe Frankf...

Interview with Mr. Xie Xi

Kohan Textile Journal Interview with Mr. Xie Xi, Sales Director, Greater China Region, ...

Interview with Mr. HE Tong Tong

kohan Textile Journal Interview with Mr. HE Tong Tong, General Manager, SHENZHEN HOMER ...

5Q: Get to know Southwest ChemDry

Southwest ChemDry owners Clancy and Rosemary Byrne . ...

Persian Sarouk rugs are highly regarded

Persian Sarouk rugs are highly regarded ...

Interview with Mr. Hamidreza Moshiri

Kohan Textile Journal Interview with Mr. Hamidreza Moshiri, Managing Director of Mashha...

Interview with Mr. Morteza Ghahari

Kohan Textile Journal Interview with Mr. Morteza Ghahari, Managing Director of Khatereh...

interview with Mr. Saleh Nasser Alsoray…

interview with Mr. Saleh Nasser Alsorayai Managing Director of Alsorayai Machine ...

Interview with Mr. Ziadi

Baradaran-e Ziadi Carpet Company has an outstanding experience in the business of handma...

Interview Mr. Ahmad Sadeghian

Kohan Textile Journal interview with Mr. Ahmad Sadeghian (General Manager of Setareh Ka...

Interview with Mrs Ulrike Wechsung

Kohan Textile Journal Interview with Mrs Ulrike Wechsung Director of Heimtextil Exhibi...

Interview with Mrs Mara Bormann

Good looking and waterproof: Fabrics for Yachting ...

Contact Us

اینستاگرام فیسبوک گوگل پلاس توییتر خبر خوان

 
Kohan Textile Journal

Middle East Textile Journal

Phone: ( +9821) 77245780

Fax: (+9821) 77243296

Internet: www.kohanjournal.com

Email: info@kohanjournal.com

P.O Box: 16765 - 465 – Tehran – Iran

Istanbul Office: 0090 539 234 6324

Add to your Skype : ghasemi.behnam

Subscription Form