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IMF warns of stagnation threat to G7 economies

worldtraveller
worldtraveller Posts: 14,014
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edited 6 October 2015 at 4:04PM in Debate House Prices & the Economy
The International Monetary Fund is warning that the weak recovery in the west risks turning into near stagnation after cutting its global economic growth forecast for the fourth successive year.

In its half-yearly update on the health of the world economy, the Washington-based fund predicted expansion of 3.1% in 2015, 0.2 points lower than it was expecting three months ago and the weakest performance since the trough of the downturn in 2009.

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Comments

  • CLAPTON
    CLAPTON Posts: 41,865
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    lets hope this is a continuation of their run of wrong forecasts
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • Thrugelmir
    Thrugelmir Posts: 89,546
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    The example of Japan has been mooted for a very long time.
  • padington
    padington Posts: 3,121 Forumite
    More QE and rampant house price inflation it is then.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • Generali
    Generali Posts: 36,411
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    padington wrote: »
    More QE and rampant house price inflation it is then.

    Just wait until the Chinese get stuck in to a good bit of QE. That'll be great.
This discussion has been closed.
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