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IMFs Forecast Mistakes are not Trivial
The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty,...
Ireland Confirms Billion-Euro Bailout Plea
Irish Prime Minister Brian Cowen confirmed Sunday that his country requested financial assistance, which has received the approval of European Union Finance Ministers as well as the IMF (International Monetary Fund). Didier Reynders, Belgium Finance Minister...
The Best Democracy Money Can Buy
For Argentineans currently watching Greece’s humiliating fall from fiscal grace there will be a distinct feeling of déjà-vu. Many will be excused if they are seen to be wearing their ‘Been There, Done That’ t-shirts. They will cast their minds...
Germany’s debt crisis worsens
German chancellor Angela Merkel said on Wednesday that they are currently beefing up their effort to recover from a financial crisis that has put other nations’ eyes on Germany. Germany has slowly become one of the most indebted among European countries. The...
The Future of the U.S. Dollar
March 10, 2010 – FutureOfDollar.com © INTRODUCTION The World is concerned that the dollar cannot play the role of the main reserve currency any longer after the financial crisis sparked by the collapse of the U.S. mortgage market led to the worst...
World Bank upgrades Chinese growth prediction to 8.4 percent
The World Bank has revised its forecast for the Chinese economic Share
Global Financial Crisis – The Road to the Pittsburgh Summit
It may surprise readers to learn that this World Economic Outlook sees global economic risks as having declined since our last issue in September 2006. Certainly this is at odds with many recent newspaper headlines and commentary, which have focused on...
World recession easing, sluggish recovery in sight, says IMF
The world is starting to pull out of its first recession since World War II, said the International Monetary Fund in its latest report released Wednesday. According to the latest report, the global economy was already stabilizing, the financial crisis...
IMF: Economic crisis to cost $4 trillion
The IMF has calculated that global losses from the financial crisis could rise to $4 trillion. While some are already talking about recovery and others promoting “glimmers of hope”, the IMF warned that “the challenges to restoring...
