Mexican Media Brands
IMF Lowers Global Growth Forecast
The International Monetary Fund predicts the global economy will expand 3.5% in 2015, down from the 3.8% forecast it made in October.
#economics
Share
The International Monetary Fund predicts the global economy will expand 3.5% in 2015, down from the 3.8% forecast it made in October.
The Washington, D.C.-based IMF also lowered its growth outlook for 2016 to 3.7% from 4%. The 188-country organization says a weaker investment outlook will more than offset the stimulus of lower oil prices.
The fund expects growth in the U.S. to average more than 3% in 2015 and 2016. It expects economic expansion in the eurozone to be only 1.2% in 2015 and 1.4% in 2016.
Chief Economist Olivier Blanchard tells BBC News the possibility of deflation in the region isn't "the kiss of death." But he also cautions that deflation could trigger a new debt crisis in the region.
Blanchard notes that falling prices can be difficult for debtors because their revenue may decline but their debt payments will not.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.