World Bank cuts global growth outlook as Europe remains in deep recession

Thursday, June 13th 2013 - 06:41 UTC

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The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets such as BRIC members. Read full article

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ChrisR
Given that the USA is the World's Reserve Currency the Fed can print it's way into 'massive monetary expansion' (of a sort - what the value will be is debatable) but just what are the Japenese going to do to rate a massive monetary expansion?

They have been in the shitter for 20? years now and their latest much heraldied Bond has already hit the rocks.

Let's face it, these so called experts in what is going to happen and when, only know as much as the informed investor. That is why the world cannot rely on their utterances.
Jun 13th, 2013 - 05:57 pm - Link - Report abuse 0
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