IMF Issues Obligatory Downward Revision To Global Growth. Says Things Are Better, But Still Scary

The IMF has released their quarterly doom and gloom report, although this time around, it's not quite as gloomy. In what is now a quarterly tradition, the fund on Monday cut its forecast for global economic growth. Growth will come in at 3.3% for 2020, down from the 3.4% the fund projected in October. The estimate for 2019 was trimmed to 2.9%. That is the sixth downward revision, which makes you wonder why they even bother. It also underscores the sheer futility of out-year estimates, which is

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2 thoughts on “IMF Issues Obligatory Downward Revision To Global Growth. Says Things Are Better, But Still Scary”

Have we lost the news feed? I love you selection of stories.

therealheisenberg

January 20, 2020 at 6:42 pms Reply

No. It was getting too slow loading, so I’m removing what was slowing it down. It should be back tomorrow, although not sure exactly when tomorrow yet.