IMF Sounds Warning About Global Economy
Three years into the Great Recession, the outlook is wobbly in the eurozone, according to the IMF. France and Germany are doing well enough to offset some of the economic problems plaguing their neighbors, but in a networked world, nations' fates are intertwined.
Three years into the Great Recession, the outlook is wobbly in the eurozone, according to the International Monetary Fund. France and Germany are doing well enough to offset some of the economic problems plaguing their neighbors, but in a networked world, nations’ fates are intertwined — so what happens in the U.S. and Japan also affects European countries, and vice versa. –KA
Your support matters…BBC:
The International Monetary Fund has warned that the risks facing the world economy have increased.
The fund said it was concerned about the continuing Greek debt crisis, the arguments over US deficit plans and the need to curb growth in Asia.
But it said it expected global growth to remain on track, though it lowered its forecasts for the US and UK.
The IMF predicted that the world economy would grow at a rate of 4.3% in 2011 and 4.5% in 2012.
The fund called for greater political leadership in dealing with the eurozone debt crisis and the budget crisis in the US.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Opinion
A recent editorial about the budget deficit echoes the board's claim during the 1980s that the “right minimum wage” is $0.00.
The former mayor of South Bend, Indiana, draws fire for claiming it's "not fashionable in progressive circles" to talk about the deficit.
Deficits averaging 4.8% of GDP are foreseen over the course of the coming decade; experts say anything above 3% is unsustainable.
Mitch McConnell can blame Social Security and Medicare all he wants, but Republican tax cuts are what's causing our debt to soar.
The Trump White House recently released their fantastical budget plan— fantastically cruel and fantastically phony at the same time.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.