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IMF warns of global economic "storm" as EU/Asian growth underperforms expectations
Posted on 2/11/19 at 9:49 am
Posted on 2/11/19 at 9:49 am
quote:Lagarde loved her some obamanomics! She loved world expansion at the expense of US growth. She loved the fact obama would apologize for American exceptionalism.
IMF warns of global economic "storm" as growth undershoots
AFP
February 10, 2019
Dubai (AFP) - The International Monetary Fund on Sunday warned governments to gear up for a possible economic storm as growth undershoots expectations.
"The bottom-line -- we see an economy that is growing more slowly than we had anticipated," IMF Managing Director Christine Lagarde told the World Government Summit in Dubai.
Last month, the IMF lowered its global economic growth forecast for this year from 3.7 percent to 3.5 percent.
Lagarde cited what she called "four clouds" as the main factors undermining the global economy and warned that a "storm" might strike.
The risks include "trade tensions and tariff escalations, financial tightening, uncertainty related to (the) Brexit outcome and spillover impact and an accelerated slowdown of the Chinese economy", she said.
Lagarde said trade tensions -- mainly in the shape of a tariff spat between the United States and China, the world's two biggest economies -- are already having a global impact. . . .
LINK
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Posted on 2/11/19 at 11:20 am to NC_Tigah
US is doing fine.
What this shows is how much power the US has over the world economy. Trump is ramming up everyone’s arse right now. They’ll bend the knee to us as pressure mounts to make better trade deals
What this shows is how much power the US has over the world economy. Trump is ramming up everyone’s arse right now. They’ll bend the knee to us as pressure mounts to make better trade deals
Posted on 2/11/19 at 11:30 am to deltaland
quote:Right.
US is doing fine.
That is kind of the point . . . much to the chagrin of globalists.
Posted on 2/11/19 at 12:02 pm to NC_Tigah
Im no Keynes or Friedman but explain this to me.
About 45% of the chinese economy is capital infrastructure spending. Another 40+% are exports. Capital expenditures are down significantly, exports are declining, so where the fck are they getting 6+% growth??? Its laughable at this point and everyone knows it. The vaunted coming of their retail/consumer market never happened, because the people dont have any friggin money to spend.
Unemployment is the number one concern for their govt, and well it should be. Thats another bullshite number. You do realize they only count the people in the cities for employment, they consider everyone outside the metro areas permanently employed farmers, thatll boost the numbers a wee bit. And last year they even gave up pretending city employment was correct, and started doing "surveys" instead, then had nine committees formed to do reports showing how the "surveys" were more accurate than the old method.
Xi wants another meeting in Mar a Largo, boy probably ready to crawl on glass at this point. Bend those bitches, they have lived off the broken dreams of many an American, time to give the devil his due.
About 45% of the chinese economy is capital infrastructure spending. Another 40+% are exports. Capital expenditures are down significantly, exports are declining, so where the fck are they getting 6+% growth??? Its laughable at this point and everyone knows it. The vaunted coming of their retail/consumer market never happened, because the people dont have any friggin money to spend.
Unemployment is the number one concern for their govt, and well it should be. Thats another bullshite number. You do realize they only count the people in the cities for employment, they consider everyone outside the metro areas permanently employed farmers, thatll boost the numbers a wee bit. And last year they even gave up pretending city employment was correct, and started doing "surveys" instead, then had nine committees formed to do reports showing how the "surveys" were more accurate than the old method.
Xi wants another meeting in Mar a Largo, boy probably ready to crawl on glass at this point. Bend those bitches, they have lived off the broken dreams of many an American, time to give the devil his due.
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