The International Monetary Fund lowered the world's growth estimate for this year to just 2,4%, which many economists consider a recession since it's below 2,5%.
US Congress Democrat Senate leader Tom Daschle confirmed this week in Washington that legislation giving the Executive power to negotiate new trade deals without the threat of congressional amendments, (fast track) will not be approved this year.
Lack of credibility persists in the essence of the latest financial announcements of the Argentine government in its desperate attempt to avoid defaulting on the 130 billion US dollars foreign debt and getting the country out of its four years recession.