Economy Watch — IMF Warns of Possible Global Economic Derailment
The International Monetary Fund (IMF) has begun warning the largest economies in the world that a global economic catastrophe could occur if concerted action is not taken; however, many economists fear that the Group of 20 (G20) economies are unwilling or unable to do anything about the IMF’s dire predictions.…
The IMF began sounding the alarm late last month during a meeting with the G20 in Shanghai. At that time, it warned that it would likely be forced to downgrade its economic performance outlook for the global economy by April. At the same time, IMF Managing Director, Christine Lagarde, advised that a coordinated effort would be needed to avoid catastrophe, urging governments that had sufficient margins in their budgets to increase spending. She also suggested that every nation should accelerate their respective economic overhaul plans.…
For its part, Germany released a statement flatly denouncing the IMF’s position: “We are strictly against announcing publicly that the G20 is preparing a stimulus program.” …
Economy Watch
2 comments:
Tom she might be talking her book here...
It might be going bad for the IMF with all of the negative rates out there... their portfolio might be at a negative yield (they're "out of money!") and a lot of their previous deals might be going bad...
So it might be an "IMF Derailment"....
We just got $508B last month between expenditures and xfers with the delay from January due to the IRS hackers...
Doubt she is seeing much if any of that.... too f-ing bad...
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