I.M.F. Upgrades Forecast for World Economies
By CARTER DOUGHERTY
NYT
FRANKFURT — The International Monetary Fund on Thursday forecast that the world economy would expand 3.1 percent next year, after a 2009 in which much of the world struggled through a recession.
In its World Economic Outlook, the fund’s prognosis was marginally better than its prediction in July that growth in 2010 would reach 2.5 percent. But it emphasized that the upswing was mainly a result of aggressive crisis management in the United States, Europe and Asia, not a self-sustaining recovery.
“Premature exit from accommodative monetary and fiscal policies seems a significant risk, because the policy-induced rebound might be mistaken for the beginning of a strong recovery in private demand,” the fund wrote.
It added that the “fragile global economy” was still vulnerable to other potential shocks, including a run-up in oil prices, a widespread outbreak of swine flu, global political events and protectionism.
(More here.)
NYT
FRANKFURT — The International Monetary Fund on Thursday forecast that the world economy would expand 3.1 percent next year, after a 2009 in which much of the world struggled through a recession.
In its World Economic Outlook, the fund’s prognosis was marginally better than its prediction in July that growth in 2010 would reach 2.5 percent. But it emphasized that the upswing was mainly a result of aggressive crisis management in the United States, Europe and Asia, not a self-sustaining recovery.
“Premature exit from accommodative monetary and fiscal policies seems a significant risk, because the policy-induced rebound might be mistaken for the beginning of a strong recovery in private demand,” the fund wrote.
It added that the “fragile global economy” was still vulnerable to other potential shocks, including a run-up in oil prices, a widespread outbreak of swine flu, global political events and protectionism.
(More here.)
Powered by Blogger
1 Comments:
Hi,
I read the article too. But I think the forecast might not be that accurate for China's economy because now the Chinese economy is now slowing down, people are more in a conservative mood. China might not make it to the 9% growth next year.
Regards,
Harry
Post a Comment
<< Home