Thursday, January 21, 2016

IMF pumping out declines in global growth forecasts like central banks print money

On Jan. 19, the International Monetary Fund (IMF) cut its forecast for global growth for the third time in less than a year, validating that the largest financial centers in the world have little idea on what is actually occurring within the global economy.
The IMF’s cut follows today’s announced decline in China’s GDP, and last Friday’s Atlanta Fed announcement that they were cutting estimates on U.S. GDP growth for the quarter ending December 2015.


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