Yesterday IMF gave up on Trump reflation trade; today financial markets say, Not yet
Yesterday the International Monetary Fund lowered its forecast for U.S. economic growth to 2.1% for 2017 (from 2.3%) and to 2.1% in 2018 (from 2.5%.) The fund had included a likely infrastructure spending bill and a tax cut/tax reform package in its earlier forecast. Now the IMF ha removed those potential stimulus actions from its forecast. The IMF also poured cold water on assumptions in the draft administration budget for economic growth of 3% in 2021.
IMF cuts its forecast for global economic growth again
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Does China’s entry into the IMF currency club mean more volatility for the yuan?
I think that in for the next six to nine months volatility will increase for China’s currency and that the possibility of another yuan devaluation needs to be taken seriously as a market risk
Less risk of a global recession but relatively slow growth in 2014, the IMF projects
The International Monetary Fund carefully hedged yesterday’s good news on the global economy. Because the world’s developed economies—rather than historically faster growing developing economies—will provide the engine for global growth in 2014 and 2015, the world as a whole will grow slightly more slowly than the IMF had projected in early January
IMF’s big upgrade to global growth forecast for 2014 comes to a huge 0.1 percentage point
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Euro finance ministers claim an expanded crisis rescue fund; will the IMF buy their math?
The math is predictably suspect. The headlines are characteristically deceptive. The self-congratulation is pathetic as usual. And the announced 800 billion euro cap for the European rescue fund isn’t, predictably, anything like that amount in reality. It’s really just the same old 500 billion European Stability Mechanism that was in place before the meeting.
The proposal to use the IMF to backstop Spain and Italy isn’t a solution but a last resort if the current crisis becomes a clear disaster
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Italy to get $800 billion credit line from the IMF, La Stampa reports
Italy’s “La Stampa,” one of Italy’s most influential newspapers, has reported that the International Monetary Fund is preparing a 600 billion euro ($794 billon) credit line that Italy can use if its current liquidity squeeze becomes a deeper crisis.
