Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Global economic recovery weakening , says IMF
BBC ^ | 10/8/2012

Posted on 10/08/2012 4:13:09 PM PDT by markomalley

The global economic recovery is weakening as government policies have failed to restore confidence, the International Monetary Fund has said.

It added that the risk of further deterioration in the economic outlook was "considerable" and had increased.

The IMF downgraded its estimate for global growth in 2013 to 3.6% from the 3.9% it forecast in July.

One of the biggest downgrades was to the UK economy, which the IMF expects to shrink by 0.4% this year.

This compares its forecast of 0.2% growth in July. Next year, the UK economy should grow by 1.1%, the IMF said, down from its previous forecast of 1.4%.

In response to the downgrade, the UK Treasury highlighted the fact that the IMF had "repeated its advice that the first line of defence against [slowing growth] should be to allow the automatic stabilisers to operate, monetary policy easing and measures to ease the flow of credit - all of which the UK is doing".

The fund's forecast for global growth this year has been lowered to 3.3% from 3.5%.

(Excerpt) Read more at bbc.co.uk ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; Government
KEYWORDS: globalrecession

1 posted on 10/08/2012 4:13:12 PM PDT by markomalley
[ Post Reply | Private Reply | View Replies]

To: markomalley

‘government policies have failed to restore confidence’

BINGO!


2 posted on 10/08/2012 4:34:56 PM PDT by griswold3 (Big Government does not tolerate rivals.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: griswold3

If they think it’s weakening now wait till they see
what happens if Obama is re-elected!


3 posted on 10/08/2012 4:42:54 PM PDT by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: markomalley

Simple to fix.

Just print a trillion dollars/euros/rials, whatever.

In fact, let’s just declare leaves to be currency! We can all be millionaires overnight!


4 posted on 10/08/2012 5:00:24 PM PDT by SargeK
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley
There's a WAY better solution to correct the current economic situation: overhaul national income tax regulations so yearly compliance costs are lower and it encourages savings and capital investment to stay in the country.

Why do you think there is now more interest in unconventional solutions like Steve Forbes' no-loophole low-rate flat tax or the FairTax proposal to completely replace the income tax?

5 posted on 10/08/2012 5:05:45 PM PDT by RayChuang88 (FairTax: America's economic cure)
[ Post Reply | Private Reply | To 1 | View Replies]

To: griswold3

I would say that government polices are primarily responsible for the loss of confident and for failing to restore confidence.


6 posted on 10/08/2012 6:18:29 PM PDT by Red Dog #1
[ Post Reply | Private Reply | To 2 | View Replies]

To: Red Dog #1

We are in the midst of corporatism or special interest group economics. The government policies are driven by the majority of voters and what they believe the government should do for them. Those that believe the government should only be an impartial arbitrator instead of picking the winners and losers are few now. The difference are too vast for any compromise. This leads to a critical loss of trust between neighbors, a death knell to any society.


7 posted on 10/08/2012 8:35:53 PM PDT by griswold3 (Big Government does not tolerate rivals.)
[ Post Reply | Private Reply | To 6 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson