View Full Version : International Monetary Fund cut its forecast for global growth in 2012

01-24-2012, 04:22 PM
International Monetary Fund cut its forecast for global growth in 2012

24 January, 2012 07:54:00
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IMF cut Tuesday its forecast for global growth plans and advised the governments austerity moderate in 2012 in the face of economic downturn.

According to IMF projections, the global growth will fall to 3.3% in 2012 while he was betting in September to 4%.
The International Monetary Fund forecast the return of deflation to the euro area with the decline in gross domestic product to 0.5%, but decreased in Italy by 2.2% and Spain by 1.7%. As France and Germany Vschhadan persisting (0.2% and 0.3% growth, respectively).

But the crisis in continental Europe may be worse than anticipated. The IMF said that "the imminent danger is a vicious circle between the financial pressures on countries and banks in the euro area, leading to a reduction in the ability of banks larger and longer than expected and a significant decline in lending activity."

In this hypothesis, "would go down activity in the euro zone by about 4%" compared with current expectations and activity in the whole world about "2%".

And the International Monetary Fund called for caution in the area of austerity in the budget. "The rescheduling of the budget very quickly in 2012 may lead to increased risks."

He said, "You should not change plans all the countries the budget the same way or at the same time."

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