Wednesday, March 9, 2016

IMF Warns Of A Global Economic Derailment

The IMF nameplate is displayed on a wall at the headquarters during the World Bank/International Monetary Fund Spring Meetings in Washington.

BBC: IMF says world is at risk of 'economic derailment'

The International Monetary Fund (IMF) has warned that the global economy faces a growing "risk of economic derailment" and must take steps to boost global demand.

David Lipton, second in command at the IMF, outlined some of these risks in a speech to the National Association for Business Economics in Washington on Tuesday.

"The IMF's latest reading of the global economy shows once again a weakening baseline," he said. "We are clearly at a delicate juncture."

The comments come after weaker-than-expected trade figures from China showing that exports plunged by a quarter from a year ago.

Read more ....

WNU Editor: Good point .... The IMF Is Sounding the Alarm. Is Anyone Listening? (Ian Talley, WSJ).

More News On The IMF Warning Of A Global Economic Derailment

IMF urges action to prevent 'economic derailment' - as it happened -- The Guardian
Act now to stop global crisis, IMF warns governments -- The Telegraph
IMF renews call for action to boost global growth -- Financial Times
IMF urges action as risks to the world economy rise -- CNBC

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