Thursday, July 8, 2010

Risks to world recovery have 'risen sharply'

The world economy is slowing because stimulus and quantitative easing have paused. The markets are telling world leaders to inject more as the consequences of a debt/credit implosion have not gone away. Of course, injections and devaluation are no solutions to the problem. Chronic unemployment and/or aggressive debasement of the currency are hardly viable solutions for the vast majority of citizens.

The global economy grew at a stronger-than-expected pace in the first six months of the year, but the risks to recovery have greatly increased, according to the International Monetary Fund.


Source: money.cnn.com

0 comments:

Post a Comment