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‘There Are Clouds On The Horizon’: Why The IMF Just Slashed Their Global Growth Outlook
"Last April, at the time of our last World Economic Outlook, the world economy's broad‑based momentum led us to project a 3.9 percent growth rate for both this year and next [but] considering developments since then, that number now appears overoptimistic", Maury Obstfeld, the IMF's Economic Counsellor and Director of Research said at a press conference convened in Bali on Tuesday, ahead of the fund's annual meeting.
"Rather than rising, growth has plateaued at 3.7 percent", Obstfeld
Huh! Whadaya know?
A Global pump ‘n dump right before our eyes.
Good thing the US elected a Confuser-in-Chief.
Hugely appreciative of your entertaining synopsis and analysis of all financial and economic events in the U.S. and abroad. Relying on it.