Saturday, December 31, 2011

2011 Is Ending. How Does The IMF View 2012?

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.

No comments:

Post a Comment