IMF lowers Euro Zone growth prospects because of Brexit and extended risk aversion

Monday, July 11th 2016 - 07:24 UTC

Full article 6 comments

The International Monetary Fund has cuts its economic growth forecasts for the Euro zone in the wake of the UK's vote to leave the European Union. The Euro zone is now expected to grow by 1.6% this year and 1.4% in 2017. Read full article

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Vestige
The assumption that the eurozone will still be around in three years contradicts the wise individuals of this forum who so often have it collapsing tomorrow or the day after.
IMF must have it wrong.
Jul 11th, 2016 - 10:05 am - Link - Report abuse 0
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Conqueror
@1. IMF usually gets it wrong. Didn't it say, a couple of years back, that Britain would go to a triple-dip recession? Didn't happen. The British economy kept improving. Argieland blames the IMF for all its problems. Argieland, as usual, has selective amnesia. Didn't have the courage and discipline to follow recommendations. Apart from attempted colonialism, what does argieland do best? It borrows and “forgets” or refuses to repay.
Jul 11th, 2016 - 10:53 am - Link - Report abuse 0
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ChrisR
The IMF is headed by a Frog facing criminal charges but Osborne claimed she was the best leader for this bunch of no-hopers.

Always at the bottom of his game, Ossie.
Jul 11th, 2016 - 11:24 am - Link - Report abuse 0
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Vestige
Oh well, ok lets give the euro another weeks stay of execution (again).
Not just because the imf are seemingly wrong about the 0.5% loss of growth over 3 years, but also because the euro is less volatile than bitcoin.

Something not every currency can boast.
Jul 11th, 2016 - 04:45 pm - Link - Report abuse 0
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Briton
Well,
the Euro is in crises, Greece is slipping quickly,
Italy is on the brink and the EU wont help,

the rest will pay the price of obedience,

on the other side, the UK is leaving,
the USA , India , South Korea all want to trade with us,
Canada , Australia and NZ , Mexico and Iceland all queuing ,

Will Brexit prove our making and the breaking of the EU,
time will tell.
Jul 11th, 2016 - 07:38 pm - Link - Report abuse 0
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chronic
Italy is a dark black hole.
Jul 11th, 2016 - 11:50 pm - Link - Report abuse 0
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