The International Monetary Fund trimmed its global growth forecast for the fifth time since early last year due to a slowdown in emerging economies and the woes in recession-struck Europe. In its mid-year health check of the world economy, IMF also warned global growth could slow further if the pull-back from massive monetary stimulus in the United States triggers reversals in capital flows and crimps growth in developing countries. Read full article
Comments
Disclaimer & comment rulesThis must be good news. Established democratic economies will be able to cope. Little totalitarian no-hopers like argieland should turn into wastelands.
Jul 11th, 2013 - 10:33 am - Link - Report abuse 01 Conq
Jul 11th, 2013 - 01:46 pm - Link - Report abuse 0Established democratic economies will be able to cope.
This is true.
However, Argentina will be largely unaffected by this particular issue because they haven't been receiving the large capital flows that other developing countries have benefited from. Although they do have a whole range of other serious problems.
We are DONE w the quantitative easing.
Jul 12th, 2013 - 03:38 am - Link - Report abuse 0Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!