NewsRegional IMF growth projections for Caribbean increase by: – July 17, 2012 Tweet Share Share 11 Views no discussions Share Sharing is caring! GEORGETOWN, Guyana (GINA) — The World Economic and Financial Survey 2012 from the International Monetary Fund indicates that global growth has increased to 3.6 percent (seasonally adjusted annual rate) in the first quarter of 2012. The IMF report released on Monday said the surprising upside is that growth has moved up by quarter percentage point compared with the forecasts presented in the April 2012 World Economic Outlook. The growth projections for Latin America and the Caribbean in April 2012 stood at 3.4% for 2012 and 4.2% for 2013. However, the new projections from the IMF states that growth for the region now stands at 3.5% for 2012 and 5.1% for 2013.The IMF also noted that the upward movement was partly due to temporary factors, among them easing financial conditions and recovering confidence in response to the European Central Bank’s (ECB’s) longer-term refinancing operations (LTROs).However, growth in a number of major emerging market economies has been lower than forecast. Partly because of a somewhat better-than-expected first quarter, the revised baseline projections in this WEO Update suggest that these developments will only result in a minor setback to the global outlook, with global growth at 3.5 percent in 2012 and 3.9 percent in 2013, marginally lower than in the April 2012 World Economic Outlook, the report stated. These forecasts, according to the IMF, clearly show that downside risks continue to reflect risks of delayed or insufficient policy action. Pointing out that measures announced at the European Union (EU) leaders’ summit in June are steps in the right direction, the IMF has warned that at timely implementation of these measures, together with further progress on banking and fiscal union, must be a priority. Guyana recorded 5.4 percent growth in 2011 and the projected 4.1 percent for 2012 are clear indications of government’s resilience towards promoting the development of a more diversified productive base.An IMF regional international outlook identified Guyana among the resource exporting countries of the Caribbean, and by extension, the most outstanding economic performer of recent years.In reports from the Caribbean Development Bank (CDB) Guyana was again acclaimed as one of the principal drivers of growth in the Caribbean.Global growth weak through 2012The baseline projections in the latest update incorporate weaker growth through much of the second half of 2012 in both advanced and key emerging market economies, reflecting the setbacks to the global recovery. The projections assume that financial conditions that policymakers will follow up on the positive decisions agreed upon at the June EU leaders’ summit and will take action as needed if conditions deteriorate further.In view of a stronger-than-expected first quarter outcome, weaker global growth in the second half of 2012 will primarily affect annual growth in 2013 through base effects.In the near term, activity in many emerging market economies is expected to be supported by the policy easing that began in late 2011 or early 2012 and, in net fuel importers, by lower oil prices, depending on the extent of the pass-through to domestic retail prices.Global consumer price inflation is projected to ease as demand softens and commodity prices recede. Overall, headline inflation is expected to slip from 4½ percent in the last quarter of 2011 to 3–3½ percent in 2012–13.The global recovery remains at riskAmong low-income countries, those dependent on aid, face risks of lower-than-expected budget support from advanced economies, while commodity exporters are vulnerable to further erosion of commodity prices.On the positive side, oil price risks have abated in recent months, reflecting the interaction of changes in prospective market conditions and perceived geopolitical risks.Supply conditions have improved due to increased production in Saudi Arabia and other key exporters, while demand prospects have weakened and are subject to downside risks. With geopolitical risks to oil supply widely perceived to have declined, risks to oil price projections appear more evenly balanced now, while those around prices of non-oil commodities tilt downward, the report stated.Caribbean News Now
Three forced turnoversThough the Trojan defense has vastly improved, USC still isn’t forcing turnovers like it used to.From 2001 to 2005 (Carroll’s first five years as USC’s coach), the Trojan defense averaged 38 turnovers per season, including a phenomenal 43 during the 2003 national championship season.Over the last five seasons (2006-2010), however, USC has forced only 25.4 turnovers per year.The 2011 Trojans have caused only three turnovers through three games: Torin Harris’ game-saving interception against Minnesota, T.J. McDonald’s first-quarter fumble recovery against Utah and backup linebacker Will Andrew’s fumble recovery in the fourth quarter against Syracuse.Only 17 Football Bowl Subdivision teams have forced fewer turnovers this season. “Sellin’ the Sizzle” runs Wednesdays. To comment on this article, visit dailytrojan.com or email Jonathan at [email protected] 33Robert Woods has garnered national attention for his early-season exploits, and for good reason: his 33 receptions lead the nation and are the most ever for a USC receiver over three games.It’s what Woods has been doing away from the ball, however, that has really drawn praise from coach Lane Kiffin.Following his 17-catch, 177-yard, three-touchdown game in the opener against Minnesota, Woods has faced a constant stream of double teams against Utah and Syracuse.“Robert’s still playing really well even though his numbers aren’t the same as they were in the opener,” Kiffin said following Saturday’s win over Syracuse. “That’s where you see [tight end] Randall Telfer run wide open down the middle of the field because Robert’s out there and there goes the safety over the top to Robert and that leaves Randall open.” 16 points per gameFollowing a subpar 2010 campaign in which the Trojans gave up 26.7 points per game, their highest mark since 2000, USC coaches knew the defense needed to tighten up considerably.Defensive mastermind Monte Kiffin tweaked his Tampa-2 scheme in the offseason to allow his players to read and react quicker to opposing offenses, rather than having to take the time to think through complex scenarios while the ball is in play.The results so far have been substantial, with USC giving up 16 points per game, more than 10 points per game fewer than last season.The revamped defense will face its toughest test yet Saturday night in the Arizona desert. Arizona State comes into the game averaging 457 yards of offense per contest, ranked 25th in the country. A number is worth a thousand words.Not any old, run-of-the-mill digit, mind you: It has to be a telling number, an insightful statistic that gets to the heart of the matter.As evidenced in the new movie Moneyball, statistics are an integral part of the modern sports landscape and, when properly studied and applied, can improve a team’s chances of winning on the field.Though not to the same extent as baseball, football is also a numbers game.The sample size is still very small, but three games into the 2011 season some numbers tell a very interesting story about USC football. One in Colley MatrixUSC fans, like those of any other school, have done their fair share of complaining in the past about BCS computer rankings.With the Trojans ineligible for the postseason again this year, USC isn’t included in the weekly BCS rankings that combine six computer ranking systems with the Coaches’ Poll and the Harris Interactive Poll.That doesn’t stop the computers from ranking the Trojans, however, and USC is the No. 1 team in the country this week, according to the Colley Matrix. Jeff Sagarin’s respected computer rankings have USC at No. 2 behind Alabama.So, despite close-call victories over Minnesota and Utah, and a No. 23 ranking in the Associated Press poll, two systems reliant solely on numbers have pronounced USC the best college football team in the nation.No one said statistics don’t have their limit. 69,322USC’s average attendance in its first three home games of the season is the lowest it has been since 57,744 fans showed up per week to the Coliseum in 2001.Back then, Pete Carroll was in his first season as the Trojans’ head coach and quarterback Carson Palmer was a year away from winning USC’s fifth Heisman Trophy.Granted, Minnesota, Utah and Syracuse aren’t exactly marquee opponents.Traditional rivals Arizona, Stanford, Washington and UCLA are still left on the home schedule and the final average attendance number is expected to climb into the low to mid 70,000s.Attendance, however, has fallen in each of the last four seasons, from a record high of 91,480 in 2006 to 79,907 last year.Despite no NFL team in Los Angeles, the Lakers looking like they will be locked out for some time and the Dodgers out of playoff contention since June, USC still hasn’t been able to fill the Coliseum during one of the most barren sporting times in recent memory for the majority of Angelenos.
Morgan was joined on the scoresheet by the likes of Rose Lavelle, Lindsey Horan, Sam Mewis, Megan Rapinoe, Mallory Pugh and Carli Lloyd, with Lavelle and Mewis firing braces.Next up for the USWNT is a match against Chile, who fell 2-0 to Sweden in their opening match in their first ever World Cup appearance.And the former WWF champion says that he expects the USWNT to make short work of Chile when the two collide on Sunday as he took to Twitter to cut a promo in typical Hulk Hogan style.#Hulkhogan and the whole #WWEuniverse are cheering on our #USAwomenssoccer team for the big victory this Sunday brother!!!!HH pic.twitter.com/lGfHNKGDhu— Hulk Hogan (@HulkHogan) June 14, 2019″I can feel the power brothers, and I can smell victory also,” he said in the video.”I’m used to being around champions, and I’m used to winning championship belts, brother, but the way I see it, this Sunday the USA Women’s World Cup team is going to be victorious when they wipe Chile off the face of the map.”That Women’s World Cup team, they’re a bunch of Hulkamaniacs, with the lead Hulkamaniac Ashlyn Harris, training, saying their prayers and eating their vitamins.”So this Sunday, whatcha gonna do when the USA Women’s World Cup team runs wild on you, brother?”The USWNT were certainly victorious in their opening match, but they were still the subject of heavy criticism with regards to the manner in which they won.Pundits from around the world criticized the USWNT’s decision to run up the score and the ensuing celebrations that followed each goal. Wrestling star Hulk Hogan took to Twitter on Friday to offer words of encouragement to the U.S. women’s national team ahead of this weekend’s World Cup clash with Chile.The USWNT put together a record-breaking start to their World Cup campaign on Tuesday, thumping Thailand 13-0 behind five goals from striker Alex Morgan. Former Canadian national team stars Clare Rustad and Kaylyn Kyle were among the more vocal, saying the U.S. should be “‘disgusted and embarrassed” by their actions.Hogan, a six-time WWF champions and six-time WCW champion, has previously offered similar messages of support for the U.S. men’s national team.The 65-year-old wrestler recently returned to WWE after departing the company in 2015 following a racism scandal.