The FT reports on the latest IMF forecast. It’s an important read, in my view. Check it out!
At least now, most informed people are now aware of the three hot-spots, namely: Europe, the US and China.
For me, Chinese policy-makers will address China’s challenges satisfactorily.
Europe remains a problem, given that growth stimulus is now required, rather than continued austerity – sadly, European policy-makers are still struggling to sell effective policy decisions to their voters.
In US, much depends on whether the Fed embraces QE3 and the outcome of the US election, of course – a bad outcome for the World would be an US President without the political mandate to improve the US economic situation.
What do you think?