IMF Lowers Global Growth Forecasts, and Likely That of the United Kingdom

By: Ian Campbell | Tue, Oct 9, 2012
Print Email

The International Monetary Fund cut its global GDP forecast to 3.3% and 3.6% for 2012 and 2013 respectively.

Reuters had reported Friday that German newspaper Handelsblatt said the International Monetary Fund would do that. Concurrently, The Telegraph reported that last week the IMF was expected to cut its growth forecast for the United Kingdom.

Watch for more on this, as this seems to driven by IMF views of further GDP decline estimates for Brazil, China, and India. If GDP declines in those countries, can developed country GDP declines be far behind?

Topical References: IMF cuts global growth forecast; prods Europe, U.S., The Asahi Shimbun, from Reuters, October 9, 2012 - reading time 4 minute. Also read:

 


 

Ian Campbell

Author: Ian Campbell

Ian R. Campbell, FCA, FCBV
Economic Straight Talk

Through the Economic Straight Talk Newsletter Ian R. Campbell shares his perspective on the world economy, the financial markets, and natural resources. A recognized business valuation authority, he founded Toronto based Campbell Valuation Partners (1976), Stock Research Portal (2007) a source of resource companies market data and analytic tools, and Economic Straight Talk (2012). The CICBV* annually funds business valuation research in his name**. Contact him at icampbell@srddi.com.
* Canadian Institute of Chartered Business Valuators
** through The Ian R. Campbell Research Initiative

The full version of The Economic Straight Talk Newsletter is published each trading day. To get your Free 14-day trial subscription, visit economicstraighttalk.com. No obligation or credit card required.

Informed Investors are Successful Investors

Comments and opinions expressed in these commentaries are those of the authors. They do not constitute individualized investment advice, are provided "as is", may change without prior notice, and are used at your own risk. The information and content provided or referenced may be incomplete, inexact, or incorrect. Your use of these commentaries is subject to the Economic Straight Talk Terms of Use and Legal Disclaimer

Copyright © 2011-2013, Stock Research DD Inc., all rights reserved

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com

SEARCH





TRUE MONEY SUPPLY

Source: The Contrarian Take http://blogs.forbes.com/michaelpollaro/
austrian-money-supply/