IMF raises global growth forecast to 4%

Discussion in 'Current Events' started by Chris, Apr 18, 2010.

  1. Chris
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    Chris Gold Member

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    TOKYO (Reuters) - The International Monetary Fund will raise its forecast for global growth this year to 4 percent or more as China and emerging economies pick up pace, the Nikkei newspaper quoted the head of the fund as saying.

    South America and Africa are also clearly recovering, but private demand in the United States, Japan and Europe remains weak, IMF Managing Director Dominique Strauss-Kahn said in an interview with the Nikkei.

    IMF to Raise Global Growth Forecast to 4 Percent: Report - ABC News
     
  2. Vast LWC
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    Vast LWC <-Mohammed

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    That's because China kept it's monetary value artificially low, increasing the value of exports.

    The only way we could counter this, if China will not comply with the rest of the world's system of valuation (which they seem to not want to do), would be a large influx of money into our economy, causing inflation. Just a thought.
     

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