IMF Downgrades Earth

Or most of it anyway…

Here’s USA Today with the latest Developed World growth forecasts from the IMF:

The IMF expects the U.S. economy to grow just 1.5% this year and 1.8% in 2012. That’s down from its June forecast of 2.5% in 2011 and 2.7% next year….

The IMF has also lowered its outlook for the 17 countries that use the euro. It predicts 1.6% growth this year and 1.1 percent next year, down from its June projections of 2% and 1.7%, respectively.

The spiel goes something like this:

“Don’t do too much austerity or it will kill any chance of recovery, but, ya know, also cut debt because debt is too high and what we need is more pay raises and hiring but we all know that no one is likely to do that in such a challenging atmosphere so maybe don’t hire or something”

Thank goodness we have the IMF.

Source:

IMF: World economy enters ‘dangerous new phase’ (USA Today)

 

 

What's been said:

Discussions found on the web
  1. blazing trader review commented on Sep 27

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  2. bitcoin loophole review commented on Sep 29

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  3. USed pinball machines for sale commented on Oct 14

    … [Trackback]

    […] Find More to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  4. 뉴토끼 commented on Nov 16

    … [Trackback]

    […] Read More Information here to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  5. td trust easyweb commented on Nov 17

    … [Trackback]

    […] Read More here to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  6. mơ thấy quả chuối commented on Nov 23

    … [Trackback]

    […] Read More Info here to that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  7. Bildemontering Göteborg commented on Jan 09

    … [Trackback]

    […] Read More on that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

  8. software testing commented on Jan 11

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2011/09/20/imf-downgrades-the-earth/ […]

Read this next.