IMF Solutions Reinforce Problems
from The Daily Bell
IMF: Global economic slowdown is getting worse, US must avoid ‘fiscal cliff’ … Updated at 8:30 a.m. ET The International Monetary Fund said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump. Global growth in advanced economies is too weak to bring down unemployment and what little momentum exists is coming primarily from central banks, the IMF said in its World Economic Outlook, released ahead of its twice-yearly meeting, which will be held in Tokyo later this week. − NBC
Dominant Social Theme: The IMF is concerned.
Free-Market Analysis: The IMF is getting a good deal of play with a worried world forecast. The concern was stated in the IMF’s “World Economic Report.”
Here’s a quote: “A key issue is whether the global economy is just hitting another bout of turbulence in what was always expected to be a slow and bumpy recovery or whether the current slowdown has a more lasting component,” it said. “The answer depends on whether European and U.S. policymakers deal proactively with their major short-term economic challenges.”
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2012-10-09 10:22:48
Source: http://financialsurvivalnetwork.com/2012/10/imf-solutions-reinforce-problems/
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