Turkey's 2017 growth to beat OECD forecast: Deputy PM

Turkey's 2017 growth to beat OECD forecast: Deputy PM

China's economy will hold up this year and next, but challenges remain as the nation performs a balancing act, according to the Organisation for Economic Cooperation and Development.

Updating its last estimate issued on March, the Paris-based think-tank saw global growth in 2017 at 3.5 percent, up by 0.2 percentage.

The forecast was raised from 3.3% predicted in November.

The new estimate would put Canada's economic growth this year ahead of the United States, which the OECD estimates will have GDP growth of 2.1 per cent this year.

The OECD said the risks to the US outlook remain sizeable, mainly the size and timing of the fiscal stimulus are uncertain.

London on attack again, casualties feared
The Associated Press reports that Prime Minister Theresa May called a meeting of the government's emergency response committee. London Ambulance have said: "We're responding to this incident and more information will follow when we have it".

Over Seoul's decision to deploy a USA -led missile system, the Beijing government's retaliatory measures against Korean-made consumer goods and a ban on tour groups may drag down the country's GDP growth by 0.2 percentage point, as China accounts for a quarter of South Korean exports, it added.

Britain's economy, however, is forecast to slow to a 1% growth rate in 2018 - after a 1.6% advance this year "owing to uncertainty about the outcome of the Brexit negotiations", the OECD said.

The U.S. economy is projected to grow 2.1 percent this year and 2.4 percent next year, down from 2.4 percent and 2.8 percent projected in March, respectively.

"The stronger policy-driven demand growth in China and many other Asian economies that is helping to underpin the modest global upturn projected in 2017 and 2018 can not be sustained indefinitely", the OECD said.

While the near-term outlook for growth has improved, the OECD believes financial markets are anticipating even better outcomes than are likely, raising the risk of a "snap back" in asset prices that could in turn hinder the global economy.

China will continue with climate pact even if US pulls out
Musk said at the time that he would seek a consensus of fellow council members on recommendations for changes that could be suggested to Trump .

Earlier this week, the World Bank also edged up Turkey's 2017 growth forecast from 3 percent to 3.5 percent.

"The Government should ensure that its medium-term goal of balancing the budget is met, thus leaving room to use fiscal policy to support growth if needed".

In its latest global economic outlook, the worldwide organisation said weaker growth could push the unemployment rate above five per cent.

"Such a correction would reduce residential investment, household wealth and consumption", the report says.

PlayStation 3 Faces The Final Curtain As Shipments Finally End In Japan
After the groundbreaking success, they are finally going to be available for free via PlayStation Plus June 2017 games lineup . There have been some suggestions that PlayStation Plus could include PlayStation VR games at some stage in the future.

Related:

  • All the new hardware that Apple announced at WWDC 2017

    All the new hardware that Apple announced at WWDC 2017

    While it's got the same form factor and 27-inch display as the current high-end iMac , the similarities pretty much end there. Nothing to get too excited about, but Apple has been inconsistent with keeping up with the industry, so this is a good step.
    Donald Trump calls for help in tackling 'Islamic extremism'

    Donald Trump calls for help in tackling 'Islamic extremism'

    Trump added that Muslim leaders must do more to confront extremism. "Drive them out! Drive them out of your places of worship". The speech in a gilded hall bedecked with chandeliers is part of an effort to redefine his relationship with the Muslim world.
    Chappie director considers selling experimental film assets on Steam

    Chappie director considers selling experimental film assets on Steam

    The upcoming short films will be featured on the studio's YouTube channel and the Steam streaming service as well. We'll bring you more on Volume 1 and Blomkamp's other filmmaking plans as we get it.
  • Oil Prices Rise As EIA Confirms Strong Draw To Crude Inventories

    OPEC and Russian Federation agreed to extend production cuts another nine months in an effort to keep prices above $50 a barrel. Traders said that prices had received support from a tightening physical crude market.

    Two Colorado students advance to next round in National Spelling Bee

    When asked to spell " hospitality ", Propper requested the word's definition from pronouncer Jacques Bailly. It's hard and it's stressful but its so good for these kids to get together and have this thing in common.

    Jim Carrey defends Kathy Griffin: 'Comedians are last voice of truth'

    Griffin shared today, it was deeply inappropriate and runs contrary to the core values our company stands for". A long-running feud with Sarah Palin prompted the former Alaskan governor to label Griffin a "bully".
  • LIGO's second run detects another merger of black holes

    LIGO's second run detects another merger of black holes

    The cores of even more massive stars can collapse past the neutron star state, disappearing from the observable universe. The LIGO system features two widely separated observing stations to make sure a local vibration is not misinterpreted.

    After deleting prior tweet, Trump asks world to find out 'covfefe' meaning

    There is nothing unusual about this, given Trump's penchant for late-night tweets that often result in widespread controversy. After deleting the tweet , Trump , sphinx-like, wrote , "Who can figure out the true meaning of "covfefe"??? ".

    AMD's 'TR4' Threadripper CPU socket is huge

    Last were the announcements of Ryzen CPUs and RX 500 GPUs being integrated into the mobile platform of laptops and notebooks. But information about high-end desktop processors is not the only news AMD had to share at this year's Computex.
  • Clinton says she takes responsibility for loss to Trump -- but blames plenty

    President Donald Trump reacted to Mrs Clinton's complaint by pouring scorn on his old foe on Twitter. "Dump it now, '" she said. Therriault said the DNC data never had those states as "even close to safe", but the Clinton team "thought they knew better".

    Grande honors Manchester victims

    Grande was all about love during the concert as her 25-year-old boyfriend Miller joined her on stage. 'I love you guys so much.
    Kim holds off Nordqvist for ShopRite win

    Kim holds off Nordqvist for ShopRite win

    According to LPGA projections, Ko's reign will end this week with either Ryu or Thailand's Ariya Jutanugarn taking over. Michelle Wie had a 65 to tie for third at 7 under with Jenny Shin (69), Jacqui Concolino (70) and Jeong Eun Lee (71).

Comments

Latest news

May wants to change human rights laws to combat terror threats
It was reduced to 14 days in 2011. "Whenever TMay [Theresa May] in trouble she whips out the old anti human rights rhetoric". The opposition Labour Party said that was "not the message that we should be sending".

Sunny but showers in sight this week in the north valley
Thick clouds, occasional showers, and a northeast (on-shore) breeze will prevent temperatures from going far at all on Tuesday . Pleasant weather sets in for the latter part of the work week with less humidity and highs in the upper 70s to near 80.

WatchOS 4 detailed: Siri, new Watchfaces, NFC expands
In the demonstration shown by Apple this week, the Apple Watch attained information from gym equipment using NFC. We expect to hear more about the next version of Apple's watchOS at WWDC 2017 , which takes place later today.

New smart speaker expected as Apple kicks off conference
APFS is a "throughly modern file system", said Apple's senior vice president of software engineering Craig Federighi. The next Mac version will be called High Sierra , suggesting that it's a refinement of the current version, Sierra.

Trump will not block ex-FBI chief Comey's testimony -White House
Senator Chuck Schumer, the top Democrat in the Senate, said he expected Comey's testimony would not be his last before Congress . Several investigations into Russia's meddling in the 2016 election are ongoing.

Apple unveils watchOS 4 and the future of Apple Watch
Apple also added a new blinking light, which you can activate via Control Centre, so that your night runs can be a bit safer. Now, when you close one of your Activity rings, there's an animation with some sparkles that gives it more of an effect.

Gal Gadot discovers character's power in costume
He stated the film shows that redemption for the DC universe is possible, and "hits on both a visceral and emotional level". Gal Gadot is remarkable as Diana, with a fierce yet vulnerable quality to her.

Rahal drives to dominant win in first of Belle Isle doubleheader
Obviously when you have it, you don't want to miss opportunities, but hopefully the weather holds up and we can do it again". Rahal covered the 2.36-mile, 13-turn temporary road course in 1 minute, 13.9681 seconds at 114.966 miles per hour .

Memorial Tournament: Jason Dufner, David Lingmerth lead; Jordan Spieth stays hot
That gave him 10 under and put him in the final group with Summerhays as he tries to end three years and 82 starts without a win. I felt good with the putter today and that really helps a lot out here. "Last summer was a big deal for me", he said.

Osinbajo inaugurates Nigeria's Industrial Policy and Competitiveness Council
He called on Nigerian Leaders to always prioritize the welfare of the people irrespective of their political affiliations. He solicited the support of the Federal Government in his quest to develop the state through numerous on-going projects.

National Basketball Association commissioner Adam Silver says LaVar Ball will 'settle down' soon
To emphasize his point, he compared LaVar Ball to Kardashians momager, Kris Jenner , as reported by CBS Sports . It's been no secret that UCLA point guard Lonzo Ball hopes to stay in California and play for the Lakers.

Former FBI Director James Comey to testify in Senate June 8
Richard Burr , R-N.C., said the committee welcomes Comey's testimony, but declined to comment further. The open session will be followed by a closed session at 1 pm.

Philippines says 8 foreign fighters killed in southern siege
He changed his mind on last week's offer of dialogue with the Maute and said he "will not talk to terrorists". Padilla said 960 civilians have been rescued, and an estimated 1,000 residents remain trapped in the city.

Trump breaks campaign promise by not moving US Embassy to Jerusalem
Despite that, most experts are skeptical of Trump's chances for achieving a peace deal that eluded other United States presidents. The long-standing US position is that Jerusalem's fate must be worked out through Israeli-Palestinian negotiations.

No. 20 for Venus
Tomic is blessed with huge ability and can frustrate opponents, but clay is a surface that he endures rather than enjoys. But also, I realized I had to put some balls in the court, so that would be my main focus at that point".

Other news