Warnings of continued growth of the global economy problems
US interest rate rise in China and the slowdown most important of
Baghdad follow Joseph Zayer
continue at the level of the world calls for a follow-up to the growth of the global economy and the subsequent edition of the problems have hampered progress to what is best in terms of activating the appropriate solutions for the advancement of.
It was Christine Lagarde, director of the International Monetary Fund, warned on Thursday last of the growth of the world economy may be this year, weaker than last year.
She said Lagarde also: it expects that there will be only accelerated modestly next year to the economy of 2016
and warned that there will be «vicious circle» economically caused by rising interest rates in the United States Chinese slowdown.
, he said «These threats can pose a danger to the recent economic gains in Asia and Latin America».
came warnings Lagarde during a speech to the Americas Council before the annual meetings of the International Monetary Fund and the World Bank, next week, and the disclosure of the fund for the global economy outlook, on Tuesday .
She said: »The good news is that we are seeing a modest recovery in the advanced economies. Experiencing the euro zone to strengthen the moderate recovery, Japan and return to positive growth, remains strong activity in the United States and the United Kingdom also ».
She» bad news is that emerging economies are likely to see declining growth rates for the fifth year in a row ».
She added:« On the economic front, there is a reason for concern, namely the possibility of higher interest rates in the United States and a slowdown in China contribute to the uncertainty and high market volatility ».
She drew Lagarde that« high US interest rates and the strength of the dollar prices could reveal the lack of currency mismatch, leads to corporate defaults, and a vicious circle between companies and banks and sovereign funds ».
She also noted« a sharp slowdown »in world trade growth and» the rapid decline »in commodity prices, which hurt with funding exported goods the economies of emerging markets».
In the essay for « Andres Velasco »the Minister of Finance in Chile posted on a recent site Project Sandekket which he addressed the new calls for reform of the global economy and proposals for solutions made by economists of different economic schools, where noted
that the man Economy Cuban Argentine American Carlos Diaz-Alejandro pointed out for a long time, that the threat of bankruptcy does not carry the financial markets to discipline. When banks slip into trouble, always acceleration governments to bail them out if they wish or rescued. And regulatory bodies must provide the discipline that markets can not afford to offer. In response to a set of ideas Jeremy Corbin new British Labour Party leader recently launched by lost count writer that he and his followers are mistaken when they conclude that the illnesses that plague financial markets infect Baduaha also all other markets, at all times.
Continues «Velasco» analysis «is great to be One of the supporters of John Maynard Keynes, but during the two parts of the session, it is true that mainstream economists, promoting lethal prescription of fiscal policy.
They claim that when the economy is in vogue to be spending cuts (or if all else fails, raise taxes) in order to reduce of demand, and when the economy is in recession, there also has to cut spending in order to restore confidence and revive investment, and some economists believe the Europeans that this recipe has always been the cause of prolonged recession unnecessarily.
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