This
Week, The World :
This
week the IMF released a demoralized update on the world economy as
they anticipates global gross domestic product, GDP to increase by
3.5% this year (the slowest pace since 2009).
The
approximation for growth in Britain was cut to just 0.2% (behind
France on 0.3%) and growth rates were trimmed for some big emerging
markets, so far seen as a barrier against a global slowdown.
The
IMF warned that things could get worse if America did not deviate
their course from the looming “fiscal cliff” of tax rises and
spending cuts designed to boot in at the end of 2012.
It
also called for a “robust and complete monetary union” in the
euro zone according to The Economist
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