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IMF warns global economic slowdown deepens, prods U.S., Europe
Posted By admin On October 9, 2012 @ 6:28 am In Money Watch | Comments Disabled
Emily Kaiser and Lesley Wroughton
Oct 9, 2012
The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills would prolong the slump.
Global growth in advanced economies is too weak to bring down unemployment and what little momentum exists is coming primarily from central banks, the International Monetary Fund said in its World Economic Outlook, released ahead of its twice-yearly meeting, which will be held in Tokyo later this week.
“A key issue is whether the global economy is just hitting another bout of turbulence in what was always expected to be a slow and bumpy recovery or whether the current slowdown has a more lasting component,” it said.
“The answer depends on whether European and U.S. policymakers deal proactively with their major short-term economic challenges.”
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URLs in this post:
 Reuters: http://www.reuters.com/article/2012/10/09/us-imf-global-idUSBRE89715W20121009
 IMF warns global economic slowdown entering ‘dangerous new phase’: http://www.prisonplanet.com/imf-warns-global-economic-slowdown-entering-%e2%80%98dangerous-new-phase%e2%80%99.html
 Global Economic Slowdown Signals Sad New Year: http://www.prisonplanet.com/global-economic-slowdown-signals-sad-new-year.html
 Dollar Weakens Most in 14 Months Versus Euro on Signs of Economic Slowdown: http://www.prisonplanet.com/dollar-weakens-most-in-14-months-versus-euro-on-signs-of-economic-slowdown.html
 An Overpriced Marked Meets The Global Economic Slowdown: http://www.prisonplanet.com/an-overpriced-marked-meets-the-global-economic-slowdon.html
 World stock markets plunge as global crisis deepens: http://www.prisonplanet.com/world-stock-markets-plunge-as-global-crisis-deepens.html
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