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https://my.visme.co/view/vdn9746p-the-ultimate-guide-to-the-islamic-antichrist
666. THE NUMBER OF THE PRINCE, BEAST, ANTICHRIST, MAHDI, 12TH IMAM
IMF WELCOMES SAUDI RECALIBRATIONS ON VISION 2030 PROJECTS
ARAB NEWS
July 19, 202414:24
RIYADH: THE INTERNATIONAL MONETARY FUND HAS WELCOMED RECENT RECALIBRATIONS AND ADJUSTMENTS BY SAUDI ARABIA ON SOME OF ITS MEGAPROJECTS UNDER VISION 2030.
“WE ARE ALMOST AT A MIDPOINT IN THE VISION 2030,” said Jihad Azour, the IMF director of the Middle East and Central Asia department, and “those recalibrations are part of the classical revision of any medium-term strategy.”
The Kingdom is conducting a review of its major projects, reprioritizing spending, diverting funds and adjusting budgets, according to a recent report by Bloomberg News, while in May, Reuters also reported that the Public Investment Fund “is weighing a reorganization that includes re-prioritising projects and reviewing some expenses.”
Azour said these are welcomed by the IMF as Saudi authorities are now looking at and recalibrating their investment programs.
“What is driving the non-oil growth in the Saudi economy is a mix of increasing demand, the impact of structural reforms that have, for example, improved economic activity but also improved the employment indicators, we saw a doubling of the women participation in the economy, (and) a drop in the unemployment,” Azour said during an interview with Joumanna Bercetche on Bloomberg’s Horizons Middle East and Africa program.
STRUCTURAL REFORMS, INVESTMENT, AND INCREASING DEMAND BY OPENING A NUMBER OF NEW SECTORS ARE DRIVING THE GROWTH IN THE ECONOMY, he added. “THE MANAGEMENT OF THE ECONOMY, THE ABILITY TO KEEP PRICES UNDER CONTROL AND THE TRANSLATION OF ECONOMIC GROWTH INTO JOB CREATION ARE STEPS IN THE RIGHT DIRECTION IN ACCELERATING THE DIVERSIFICATION OF THE ECONOMY AND GROWING THE SIZE OF THE NON-OIL SECTOR,” he also said.
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Daniel 8:23 And in the latter time of their kingdom, when the transgressors are come to the full, A KING OF FIERCE COUNTENANCE, AND UNDERSTANDING DARK [POLITICAL] SENTENCES, SHALL STAND UP [RISE UP ON THE WORLD’S STAGE].
24 And his power shall be mighty, but not by his own power: and he shall destroy wonderfully, and SHALL PROSPER, AND PRACTISE, and shall destroy the mighty and the holy people.
25 AND THROUGH HIS POLICY ALSO HE SHALL CAUSE CRAFT TO PROSPER IN HIS HAND; and he shall magnify himself in his heart, and by peace shall destroy many: he shall also stand up against the Prince of princes; but he shall be broken without hand.
26 And THE VISION [2030] OF THE EVENING AND THE MORNING WHICH WAS TOLD IS TRUE: wherefore SHUT THOU UP THE VISION [2030]; FOR IT SHALL BE FOR MANY DAYS.
27 And I Daniel fainted, and was sick certain days; afterward I rose up, and did the king’s business; and I WAS ASTONISHED AT THE VISION [2030], BUT NONE UNDERSTOOD IT.
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Daniel 8:17 So he came near where I stood: and when he came, I was afraid, and fell upon my face: but he said unto me, Understand, O SON OF MAN: FOR AT THE TIME OF THE END SHALL BE THE VISION [2030]
Daniel 9:24 Seventy weeks are determined upon thy people and upon thy holy city, to finish the transgression, and to make an end of sins, and to make reconciliation for iniquity, and to bring in everlasting righteousness, AND TO SEAL UP THE VISION [2030] AND PROPHECY, and to anoint the most Holy.
Revelation 10:6 And sware by him that liveth for ever and ever, who created heaven, and the things that therein are, and the earth, and the things that therein are, and the sea, and the things which are therein, THAT THERE SHOULD BE TIME NO LONGER:
7 But in the days of the voice of the seventh angel, when he shall begin to sound, THE MYSTERY OF GOD SHOULD BE FINISHED, AS HE HATH DECLARED TO HIS SERVANTS THE PROPHETS.
8 And the voice which I heard from heaven spake unto me again, and said, Go and take the little book which is open in the hand of the angel which standeth upon the sea and upon the earth.
9 And I went unto the angel, and said unto him, Give me the little book. And he said unto me, Take it, and eat it up; and it shall make thy belly bitter, but it shall be in thy mouth sweet as honey.
10 And I took the little book out of the angel’s hand, and ate it up; and it was in my mouth sweet as honey: and as soon as I had eaten it, my belly was bitter.
11 And he said unto me, THOU MUST PROPHESY AGAIN BEFORE MANY PEOPLES, AND NATIONS, AND TONGUES, AND KINGS.
Earlier this week, the IMF downgraded the Kingdom’s economic growth by nearly 1 percentage point to 1.7 percent this year, down 0.9 percentage points from the agency’s previous forecast in April of 2.6 percent.
In its World Economic Outlook update, the IMF also revised the country’s output increase to 4.7 percent next year, down 1.3 percentage points from its April forecast of 6 percent.
“When we look at the non-oil economic activity, it is still growing at healthy rates and on average, we expect for the next medium term to exceed 4 percent,” Azour said, adding: “Inflation is still low and it has been revised slightly downward (to) 1.7 percent this year, which is a very good control over prices and our expectation is that inflation will remain around 1.9 to 2 percent in the medium term.”
He said the main reason for the IMF’s revision is due to the OPEC+ agreement to limit oil output being extended to September 2025 and the gradual reduction in the Kingdom’s voluntary production cuts.
In June, the group agreed to extend most of its deep oil output cuts for 2024 and to start phasing them out next year. Member countries have begun cutting output by 5.86 million barrels per day, or around 5.7 percent of global demand.
“We had to revise technically the growth for the oil sector, and for the non-oil sector, I would say, THE LEVEL OF GROWTH IS STILL HIGHER THAN THE GLOBAL GROWTH. 3.7 percent is our expectation for the non-oil sector this year, and in the medium term, we expect the non-oil sector to grow at above 4 percent.”
The IMF forecast that global growth will reach 3.2 percent this year and 3.3 percent next year, while the Middle East and North Africa region is projected to grow 2.2 percent this year, down half a percentage point from three months ago.
Azour acknowledged that the instability in the region and geopolitical tensions have a great impact on economic activity, including the war in Gaza and attacks on shipping that are disrupting trade routes in the Red Sea and Suez Canal.
“We are still seeing that as a threat, especially because of the insecurity (that) has affected the trade that usually goes through the Red Sea and Suez Canal and affected slightly economic activity in a certain number of countries who benefit from this flow of trade,” he said.
The IMF is seeing that the volume of commerce has declined drastically through the Red Sea, especially for container shipping, where two-thirds of the trade has dropped compared to the same period last year, Azour said, adding that the agency has also seen a slight increase in the cost of transport.
“We saw a rapid response and a high level of flexibility in adjusting to that and therefore it did not lead to a disruption in oil and gas, and this is something that had to stabilize the market and reduce the level of volatility that we saw in the first few weeks of the war in Gaza,” he said.
The oil and gas and the financial markets recovered after a short period of volatility, Azour also said, but “IN BOTH CASES NOW IT’S MUCH MORE DEPENDENT ON GLOBAL DEVELOPMENTS ON THE SUPPLY AND DEMAND FOR OIL, AND FOR THE MARKETS, IT’S NOW MUCH MORE LINKED TO THE DEVELOPMENTS IN THE INTERNATIONAL FINANCIAL MARKETS.”
THE COMMENTS CAME AS THE MINISTER OF ECONOMY AND PLANNING, FAISAL ALIBRAHIM, MET WITH IMF MANAGING DIRECTOR KRISTALINA GEORGIEVA IN RIYADH TO DISCUSS THE “PROSPECTS FOR GLOBAL AND REGIONAL GROWTH IN LIGHT OF THE LATEST ECONOMIC DEVELOPMENTS,” THE MINISTRY SAID IN A STATEMENT.
They also reviewed the most prominent developments and trends in the local economy and DISCUSSED ENHANCING COOPERATION BETWEEN THE KINGDOM AND THE FUND. He also held separate talks with Azour and IMF Chief Economist Pierre-Olivier Gourinchas.
SAUDI ECONOMIC GROWTH TO OUTSTRIP GLOBAL AVERAGE IN 2025: IMF
Updated 17 July 2024 ARAB NEWS July 17, 202413:42
RIYADH: SAUDI ARABIA’S ECONOMIC GROWTH IS EXPECTED TO OUTPACE THE GLOBAL AVERAGE IN 2025 ACCORDING TO THE LATEST INTERNATIONAL MONETARY FUND STUDY.
THE IMF’S WORLD ECONOMIC OUTLOOK UPDATE PUTS THE KINGDOM’S OUTPUT INCREASE AT 4.7 PERCENT NEXT YEAR – above the 3.3 percent forecast for the planet as a whole.
The figure for Saudi Arabia is down from an estimate released in April which anticipated a 6 percent growth rate for 2025.
The IMF also scaled back its 2024 projection for the Kingdom, shifting from 2.6 percent in its earlier forecast to 1.7 percent in its most recent report.
The Washington-based institution described the global economy as being in a “sticky spot,” although it maintained its earlier calculation that worldwide output would increase at a rate of 3.2 percent in 2024 and 3.3 percent in 2025.
“The growth forecast for 2024 in Saudi Arabia has been revised downward by 0.9 percentage point; the adjustment reflects mainly the extension of oil production cuts,” the IMF said.
“Varied momentum in activity at the turn of the year has somewhat narrowed the output divergence across economies as cyclical factors wane and activity becomes better aligned with its potential. Services price inflation is holding up progress on disinflation, which is complicating monetary policy normalization,” the July update stated.
The IMF added: “Upside risks to inflation have thus increased, raising the prospect of higher-for-even-longer interest rates, in the context of escalating trade tensions and increased policy uncertainty. To manage these risks and preserve growth, the policy mix should be sequenced carefully to achieve price stability and replenish diminished buffers.”
Global economic snapshot: divergent paths ahead
Across major economies, contrasting trends defined economic forecasts heading into 2024 and beyond.
Earlier in the year, the US confronted a sharper-than-anticipated slowdown, driven by easing consumer spending and adverse net trade dynamics.
Growth projections for 2024 have been revised to 2.6 percent, 0.1 percentage point lower than projected in April, with expectations for 2025 further declining to 1.9 percent.
Tightening fiscal policies and cooling labor markets are poised to exert further pressure. Inflation remains stubborn, particularly in services, delaying potential monetary policy adjustments. Therefore, it is lagging behind other advanced economies in easing measures.
Europe’s recovery hinges on robust performances in the services sector, with growth expected to reach 0.9 percent in 2024, rising to 1.5 percent in 2025.
Strengthened consumer demand, bolstered by higher real wages and improved financing conditions, supports this optimistic outlook. However, persistent weaknesses in manufacturing, notably in Germany, suggest a nuanced recovery across sectors.
China’s economy continues to exhibit resilience, with a revised growth forecast of 5 percent for 2024, driven by a resurgence in domestic consumption and robust export performance.
Yet expansion is anticipated to moderate to 4.5 percent in 2025 and beyond as the country grapples with demographic shifts and slowing productivity gains.
Emerging markets and developing economies are projected to grow by 4.3 percent in 2024, driven by a strong performance in Asia, particularly China and India.
India’s growth forecast has been revised upward to 7 percent for 2024, higher than April’s projection of 6.8 percent reflecting improved private consumption and positive carryover effects from 2023.
The UK anticipates modest growth of 0.7 percent in 2024, expanding to 1.5 percent in 2025. Economic prospects are shaped by ongoing fiscal restraint and residual impacts of earlier inflationary pressures on consumer and investment activities.
Japan’s revised growth forecast for 2024 is 0.7 percent from 0.9 percent in April, influenced by transient supply disruptions and subdued private investment.
Nevertheless, robust wage settlements are anticipated to fuel a resurgence in private consumption by the latter half of the year.
Regional impact and global trade
The IMF report noted that oil production and regional conflicts continue to weigh heavily on economic prospects in the Middle East and Central Asia.
Alongside Saudi Arabia, Sudan’s economic outlook has been markedly revised downward due to persistent conflict.
Conversely, there have been upward revisions in other regions, such as Brazil, where reconstruction efforts buoy growth prospects following recent flooding and structural factors like increased hydrocarbon production.
“World trade growth is expected to recover to about 3.25 percent annually in 2024–25 and align with global GDP growth again,” the IMF added.
The initial increase seen in the first quarter of this year is likely to slow down due to ongoing subdued manufacturing activity.
Despite a notable rise in cross-border trade restrictions affecting it between distant geopolitical blocs, projections suggest that the global trade-to-GDP ratio will remain stable.
Inflation and monetary policy
Global disinflation efforts are facing headwinds, with services price inflation complicating monetary policy normalization.
The report highlighted the persistence of higher-than-average inflation in services costs, which has tempered the disinflation in goods prices.
“The revised forecast for advanced economies is for the pace of disinflation to slow in 2024 and 2025. That is because inflation in prices for services is now expected to be more persistent and commodity prices higher,” the international organization said.
It added that the gradual cooling of labor markets and an expected decline in energy costs should bring headline inflation back to target by the end of 2025.
Price increases are anticipated to persist at elevated levels in emerging markets and developing economies, falling more gradually compared to advanced countries.
Due in part to declining energy costs, inflation has nearly returned to pre-pandemic levels for the typical emerging market and developing economy.
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Ye are my witnesses, saith the Lord, and my servant whom I have chosen: that ye may know and believe me, and UNDERSTAND THAT I AM HE: before me there was no God formed, neither shall there be after me.
Isaiah 52:6 Therefore my people shall know my name: therefore THEY SHALL KNOW IN THAT DAY THAT I AM HE THAT DOTH SPEAK: BEHOLD, IT IS I.
Luke 21:28 And WHEN THESE THINGS BEGIN TO COME TO PASS, THEN LOOK UP, AND LIFT UP YOUR HEADS; FOR YOUR REDEMPTION DRAWETH NIGH.
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In His Service,
Night Watchman
Paul Rolland
Night Watchman Ministries
https://nightwatchmanministries.substack.com
Make Your (7) Decision for Christ NOW!!!!!!! Time is Up!!!!!!!
Jesus Christ’s Offer of Salvation:
The ABCs (7) of Salvation through Jesus Christ (the Lamb)
- (7) Admit/Acknowledge/Accept that you are sinner. Ask (7) God’s forgiveness and repent of your sins.
. . . “For all have sinned, and come short of the glory of God.” (Romans 3:23).
. . . “As it is written, There is none righteous, no, not one.” (Romans 3:10).
. . . “If we say that we have no sin, we deceive ourselves, and the truth is not in us.” (1 John 1:8).
B. Believe Jesus is Lord. Believe that (7) Jesus Christ is who He claimed to (7) be; that He was both fully God (7) and fully man and that we are (7) saved through His death, burial, and resurrection. (7) Put your trust in Him as your (7) only hope of salvation. Become a son (7) or daughter of God by receiving Christ. (7777777) 7×7
. . . “That whosoever believeth in him should not perish, but have eternal life. For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his son into the world to condemn the world; but have everlasting life. For God sent not his son into the world to condemn the world; but that the world through him might be saved. (John 3:15-17). For whosoever shall call upon the name of the Lord shall be saved.” (Romans 10:13).
C. Call upon His name, Confess (7) with your heart and with your lips (7) that Jesus is your Lord and Savior.
. . . “That if thou shalt confess with thy mouth the Lord Jesus, and shalt believe in thine heart that God hath raised him from the dead, thou shalt be saved. For with the heart man believeth unto righteousness; and with the mouth confession is made unto salvation.” (Romans 10:9-10).
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