The worldwide lender released its World Economic Outlook report in Washington DC on Tuesday, ahead of the IMF/World Bank Group Spring Meetings. The country's fiscal position is "strong" and there is no need for faster debt reduction beyond what the government has already outlined, the International Monetary Fund said.
The IMF upgraded its forecast for the 19-country eurozone to 2.4 percent - which would be its best showing since 2007 - and up from the 2.2 percent it predicted three months ago.
China is projected to grow 6.6 percent this year, decelerating from 6.9 percent growth in 2017.
The IMF, in its latest World Economic Outlook, kept its global growth forecasts for both 2018 and 2019 unchanged at 3.9 percent after upgrades in January that were partly based on expectations of stronger USA spending spurred by tax cuts.
That said, Mr Obstfeld describes longer-term prospects as "more sobering".
The International Monetary Fund has said the tax cuts introduced by the Trump administration will give a temporary boost to the United States economy, but the tax reform effects will wear off in two years time.
"The growth rate in China is projected to soften down during this period", it said, adding that over the medium term, its economy is projected to continue re-balancing away from investment toward private consumption and from industry to services, but nonfinancial debt is expected to continue rising as a share of GDP, and the accumulation of vulnerabilities clouds the medium-term outlook.
A preliminary assessment made by the International Monetary Fund concluded that while assets tied to cryptocurrencies don't pose an immediate danger to the global financial system because their footprint is still small, they have the potential to magnify the risks and increase the transmission of economic shocks. If the government's broader housing policy agenda is fully implemented, that "would address most of the potential problems associated with foreign buyers on a less discriminatory basis", it said.
Canada's leaders are hitting a lot of these notes.
House attributes the rosier USA outlook to federal tax cuts, a massive US$300-billion spending package and the possibility of an additional spending or infrastructure bill.
The IMF has also strongly criticised the approach of the Trump administration to trade deficits.
The global recovery is supported by "strong momentum, favorable market sentiment, accommodative financial conditions, and the domestic and worldwide repercussions of expansionary fiscal policy in the United States", the IMF said.
According to the IMF's World Economic Outlook (WEO), the country's economic growth is expected to be 7.8 per cent in 2019. The Fund, as it is known, is one of the world's biggest holders of gold. Those tax cuts are stoking inflation, which will force the U.S. Federal Reserve to raise interest rates.
"This IMF Statement follows recent positive reviews from the major credit rating agencies of our Government's economic plan and different priorities", Grant Robertson says. But he may also have created the conditions for the next recession.
In response to the CBS report, U.S. lawmakers demanded information on how such system failures had persisted for so long. But an investigation by CBS's " 60 Minutes ", alleges fliers might be paying in safety for what they're saving in costs.
Cameroon officials are still working with the Australian Border Force to locate their eight missing athletes. CORRECTION: An earlier version of this story reported that the Cameroon team consisted of 24 athletes.
They will face Real Madrid in the Champions League semi-finals and meet Hamburg in the last four of the German Cup. The Frankfurt coach said his move would have "no influence" on the team's remaining games of the season.
The election of Mr Sargsyan to the presidency in 2008 was met with demonstrations, with protesters alleging vote rigging. Pashinian said the closure of the streets leading to the parliament should start already before midnight.
The Mallorcan is 63-4 win-loss in Monte Carlo and shares the record of most Masters 1000 titles won (30) with Novak Djokovic . The Serb had a small surgery on his right elbow to recover from an injury that he says has troubled him for two years now.
Forecasters said Saturday in the the metro area should be windy with rain and snow likely and a high in the mid- to upper 30s. That fog should burn off relatively early in the day as we warm up to a more seasonal high temperature tomorrow afternoon.
Simone, who died in 2003, was a leader in pushing for civil rights and influenced everyone from Aretha Franklin to Alicia Keys. Blige welcomed Simone into the Rock Hall, and R&B singer Andra Day performed in her honor.
Wednesday: Russia's Foreign Minister Sergei Lavrov said Russian military inspectors found no evidence of a chemical attack. Any US strike would probably involve the Navy, given the risk to aircraft from Russian and Syrian air defenses.
Since then, inflation has fallen faster than forecast, down from 3% to 2.7%, but the outlook for wage growth has firmed. What is clear however, is that a failure to raise rates in May will be bad for Pound Sterling.
US President Donald Trump has threatened to kill NAFTA if it is not changed to secure better terms for USA workers and companies. The joint operation was in response to a suspected chemical attack in the city of Douma last week.
Narendra Modi Sweden visit: 10 things on PM's agenda
While returning from Britain on April 20, he will stop over in Germany where he will a meet German Chancellor Angela Merkel. Prime Minister Modi particularly highlighted the importance India attaches to the cooperation in defence sector.
Teenager stabbed to death in Forest Gate
A teenager has died after a stabbing in east London overnight as the capital continues to be gripped by a surge in knife-crime. Dihan was wanted in several cases, including murder, snatching and extortion, lodged with Kotwali Police Station, the OC said.
'The Walking Dead' Season 8 Finale: Rick's choice
The Walking Dead Season 8 concluded tonight with Rich defeating Negan and leaving him alive to honor Carl's last wish. From Morgan's perspective, he slowly makes his way towards Texas via vehicle and foot and eventually runs into John.
Pence praises Peru's stand on Venezuelan crisis
The summit in Peru is a once-every-three-years meeting of leaders from across Latin America , the U.S. and Canada. As opposed to past looks at global summits, the vice president needed to dip to the crowded agenda on small note.
How to Watch the 2018 ACM Awards
An exciting day after a tough six months for the industry since the deadly shooting in Las Vegas during a country music festival. Those up for Song of the Year this year are the songs "Body Like a Back Road", "Female", "Tin Man", and "Whiskey and You".
'Amadeus' director Milos Forman dies at 86
He followed up his success in 1979 with a film adaptation of the hit musical " Hair ", and then in 1981 with an adaptation of E. Forman's first USA film " Taking Off " (1971) was also filmed with non-actors but failed to impress a non-European audience.
Blizzard Warning for Schuyler, DC Area Starts at 4 AM
As North Platte and the surrounding area awaits predicted blizzard conditions, the weather is already starting to deteriorate. Dozens of school districts canceled classes ahead of snow accumulation expected to reach as much as 18 inches in some areas.