IMF confident world economy is recovering but warns about fiscal consolidation

Monday, September 6th 2010 - 04:26 UTC

Full article 1 comment

The world economy is recovering moderately but still faces challenges such as the need for medium-term fiscal consolidation, IMF First Managing Director, John Lipsky said on Sunday. Read full article

Comments

Disclaimer & comment rules

JoseAngeldeMonterrey
The United States recognizes that Europe´s influence in the world is declining rapidly as economies from vast continents continue to expand and overtake them in economic importance.

Already most US corporations eye the ever expanding Asian markets, they settle there, they move in with their factories and offices.
Europe expected a flow of investments into Poland, Hungary and other new EU members that never came because most businessmen find Brazil, China, India and other nations with far more business opportunites.

Now Europe is refusing to understand that and don´t want to let go of decision power at the IMF, they see that the US decision power and clout is to remain but theirs is fading away.

Time to let go.
Sep 07th, 2010 - 01:21 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!