Revision to Global Economic Growth by IMF
IMF revised its projection of global economic growth set forth in the October 2018 World Economic Outlook and estimated that in 2018 and 2019, the global economy grows by 3.7%, declining than the growth of 3.9% estimated in April. The high global economic volatility and unresolved trade disputes are factors, causing IMF to revise the global economic growth. Another to the revision to the global economic growth, IMF also projected that in 2018 and 2019, Indonesia economy is likely to grow by 5.1%, lower than the initially projected growth of 5.3%.
US Treasury Yield, the Highest Since 2011
Last week, the U.S. 10-Year Treasury yield climbed to 3.21%, by far the highest since 2011. The jitters of the Fed’s benchmark rate hikes is a logical takeaway for the soaring yield. Indeed, the rising yield pushed the U.S., European, and most Asia markets in negative territories.
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