Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

IMF warns global economic slowdown entering ‘dangerous new phase’

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Howard Schneider
Washington Post
Sept 20, 2011

The world economy is entering a “dangerous new phase” of slowing growth and eroding confidence that threatens to undermine economic activity even further, the International Monetary Fund warned Tuesday in its primary annual forecast.

“Global activity has weakened and become more uneven; confidence has fallen sharply recently; and downside risks are growing,” the fund said in its World Economic Outlook, published ahead of this week’s annual meetings.

The report took aim at high public debt in the United States and Europe, particularly the 17-nation euro area’s inability to reach political agreement over how to deal with Greece’s plunge toward default and the continent’s weakened banking system.

At a press conference, IMF economic counselor Olivier Blanchard issued what he referred to as a “call to arms” for European governments in particular to shore up their banks and use stronger measures to secure the finances of highly indebted countries.

Full article here

This article was posted: Tuesday, September 20, 2011 at 7:42 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
DNA is 'Edited' To Filter Undesirable Traits See the rest on the Alex Jones YouTube channel.

TSA Agents Pat Down 2 & 6 Year Old Children See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.