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By Lazarus Sismanis Published on Jul 21, 2018
0 6 mins
Phantis

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and central bank governorsmeeting in Buenos Aires with a report detailing the impacts ofthe restrictions already announced on global trade.

“It certainly indicates the impact that it could have on GDP , which in the worst case scenario undercurrent measures … is in the range of 0.5 percent of GDP on aglobal basis,” Lagarde said at a joint news conference withArgentine Treasury Minister Nicolas Dujovne.

In the briefing note prepared for G-20 ministers, the IMFsaid global growth might peak at 3.9 percent in 2018 and 2019,while downside risks have increased because of the growing tradeconflict.

Her warning came shortly after the top U.S. economicofficial, Treasury Secretary Steven Mnuchin, told reporters inthe Argentine capital there was no “macro” effect yet on theworld’s largest economy.

Long-simmering trade tensions have burst into the open inrecent months, with the United States and China — the world’s largest and second-largest economies — slapping tariffs on $34billion worth of each other’s goods so far.

The weekend meeting in Buenos Aires comes amid a dramaticescalation in rhetoric on both sides. Trump on Friday threatenedtariffs on all $500 billion of Chinese exports to the UnitedStates.

Mnuchin said that while there were some “micro” effects, such as retaliation against U.S.-produced soybeans, lobsters andbourbon,he did not believe that tariffs would…

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Tariffs will hurt economy, IMF warns, as Trump threatens more
Phantis

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and…

Russia: Greece taking part in ‘dirty provocations’ for NATO
Phantis

Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday of participating in “dirty provocations” around FYR Macedonia’s plan to become a NATO member.

Greece expelled the diplomats based at the Russian Embassy in Athens last week…

FLASH NEWS

NEWS

Tariffs will hurt economy, IMF warns, as Trump threatens more
Phantis

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and…

Russia: Greece taking part in ‘dirty provocations’ for NATO
Phantis

Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday of participating in “dirty provocations” around FYR Macedonia’s plan to become a NATO member.

Greece expelled the diplomats based at the Russian Embassy in Athens last week…

Tariffs will hurt economy, IMF warns, as Trump threatens more

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.
Phantis

SHORT

NEWS

Tariffs will hurt economy, IMF warns, as Trump threatens more
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth,
Russia: Greece taking part in ‘dirty provocations’ for NATO
Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday
Police arrest seven people in Crete gun racket
Police said Wednesday they arrested seven people in Crete in connection to a gun racket that sold firearms to all

SHORT

NEWS

Tariffs will hurt economy, IMF warns, as Trump threatens more
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth,
Russia: Greece taking part in ‘dirty provocations’ for NATO
Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday
Police arrest seven people in Crete gun racket
Police said Wednesday they arrested seven people in Crete in connection to a gun racket that sold firearms to all
0 2 mins
Nikos Kotzias, Greek Foreign Minister.
Phantis
"The constant disrespect for Greece must stop. No one can or has the right to interfere in Greece's domestic affairs,'' the Greek foreign ministry said.

Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday of participating in “dirty provocations” around FYR Macedonia’s plan to become a NATO member.

Greece expelled the diplomats based at the Russian Embassy in Athens last week amid allegations they helped fund protests against an agreement to end Greece’s long-standing name dispute with FYR Macedonia. If ratified, the deal would allow FYR Macedonia to join NATO.

Russian Foreign Ministry spokeswoman Maria Zakharova alleged Wednesday that Greece, a NATO member since 1952, had acted under pressure from its military allies.

“We are fully aware that Greece was subjected to pressure at the highest level,” Zakharova told reporters.

She called the expulsions “crude and unjustified” and said they “will not remain without consequences,” but did not elaborate.

Since ordering the Russians out of Greece on July 11, Greek officials have insisted they want to maintain their country’s traditionally friendly relations with Russia and were ready to put the incident behind them.

But Zakharova’s remarks prompted an angry response from the Greek Foreign Ministry.

“The constant disrespect for Greece must stop. No one can or has the right to interfere in Greece’s domestic affairs,” the ministry…

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.
Sismanis / Jul 21
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.
Sismanis / Jul 21
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.
Sismanis / Jul 21
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.
Sismanis / Jul 21

SHORT

NEWS

Tariffs will hurt economy, IMF warns, as Trump threatens more
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth,
Russia: Greece taking part in ‘dirty provocations’ for NATO
Russia stepped up its criticism of Greece over the expulsion of two of its diplomats, accusing the Greek government Wednesday
Police arrest seven people in Crete gun racket
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SHORT

NEWS

Tariffs will hurt economy, IMF warns, as Trump threatens more
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global growth,
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Tariffs will hurt economy, IMF warns, as Trump threatens more
The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs
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Tariffs will hurt economy, IMF warns, as Trump threatens more

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director…

SPORT NEWS
Lazarus Sismanis 21, Jul 6 mins
0 6 mins
Phantis

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and central bank governorsmeeting in Buenos Aires with a report detailing the impacts ofthe restrictions already announced on global trade.

“It certainly indicates the impact that it could have on GDP , which in the worst case scenario undercurrent measures … is in the range of 0.5 percent of GDP on aglobal basis,” Lagarde said at a joint news conference withArgentine Treasury Minister Nicolas Dujovne.

In the briefing note prepared for G-20 ministers, the IMFsaid global growth might peak at 3.9 percent in 2018 and 2019,while downside risks have increased because of the growing tradeconflict.

Her warning came shortly after the top U.S. economicofficial, Treasury Secretary Steven Mnuchin, told reporters inthe Argentine capital there was no “macro” effect yet on theworld’s largest economy.

Long-simmering trade tensions have burst into the open inrecent months, with the United States and China — the world’s largest and second-largest economies — slapping tariffs on $34billion worth of each other’s goods so far.

The weekend meeting in Buenos Aires comes amid a dramaticescalation in rhetoric on both sides. Trump on Friday threatenedtariffs on all $500 billion of Chinese exports to the UnitedStates.

Mnuchin said that while there were some “micro” effects, such as retaliation against U.S.-produced soybeans, lobsters andbourbon,he did not believe that tariffs would keep the UnitedStates from achieving sustained 3 percent growth this year.

“I still think from a macro basis we do not…

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Tariffs will hurt economy, IMF warns, as Trump threatens more
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Tariffs will hurt economy, IMF warns, as Trump threatens more
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0 6 mins
Phantis

The International MonetaryFund warned world economic leaders on Saturday that arecent wave of trade tariffs would significantly harm global
growth, a day after U.S. President Donald Trump threatened amajor escalation in a dispute with China.

IMF Managing Director Christine Lagarde said she wouldpresent the G-20 finance ministers and central bank governorsmeeting in Buenos Aires with a report detailing the impacts ofthe restrictions already announced on global trade.

“It certainly indicates the impact that it could have on GDP , which in the worst case scenario undercurrent measures … is in the range of 0.5 percent of GDP on aglobal basis,” Lagarde said at a joint news conference withArgentine Treasury Minister Nicolas Dujovne.

In the briefing note prepared for G-20 ministers, the IMFsaid global growth might peak at 3.9 percent in 2018 and 2019,while downside risks have increased because of the growing tradeconflict.

Her warning came shortly after the top U.S. economicofficial, Treasury Secretary Steven Mnuchin, told reporters inthe Argentine capital there was no “macro” effect yet on theworld’s largest economy.

Long-simmering trade tensions have burst into the open inrecent months, with the United States and China — the world’s largest and second-largest economies — slapping tariffs on $34billion worth of each other’s goods so far.

The weekend meeting in Buenos Aires comes amid a dramaticescalation in rhetoric on both sides. Trump on Friday threatenedtariffs on all $500 billion of Chinese exports to the UnitedStates.

Mnuchin said that while there were some “micro” effects, such as retaliation against U.S.-produced soybeans, lobsters andbourbon,he did not believe that tariffs would…

MORE ARTICLES

Russia: Greece taking part in ‘dirty provocations’ for NATO
Russia stepped up its criticism of Greece over the expulsion
Police arrest seven people in Crete gun racket
Police said Wednesday they arrested seven people in Crete in
Travel & Leisure: Paros best island in Europe to visit
Greece’s islands have dominated the list of American magazine Travel