The IMF is not very positive about 2012. It looks at the data and concludes that slow growth in Europe and the US will have a bad affect on the global economy. Unemployment rates have not improved much in the largest economies despite moderate growth rates. There are only a handful of countries that have seen unemployment levels drop.
The IMF is in a quandary. It has encouraged austerity in countries with high public debt, but it believes that these policies have hindered recovery.
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