US and Europe risk double-dip recession, warns IMF

[alp227]

Source: The Guardian

The International Monetary Fund warned on Tuesday that the United States and the eurozone risk being plunged back into recession unless policymakers tackle the problems facing the world's two biggest economic forces.

In its half-yearly health check, the Washington-based fund said the global economy was "in a dangerous place" and that its forecast of a slow, bumpy recovery would be jeopardised by a deepening of Europe's sovereign debt crisis or over-hasty attempts to rein in America's budget deficit.

"Global activity has weakened and become more uneven, confidence has fallen sharply recently, and downside risks are growing," the IMF said as it cut its global growth forecast for both 2011 and 2012.

The IMF also cut its growth forecasts for the UK economy and advised George Osborne to ease the pace of deficit reduction in the event of any further downturn in activity.

Read more: http://www.guardian.co.uk/business/2011/sep/20/us-europe-double-dip-recession-imf

[closeupready]

1. Should we care what the IMF thinks?

nt

[orpupilofnature57]

2. Advisor's got us here

[lib2DaBone]

3. The World Depression is being engineered BY the IMF and World Bank.

By the contraction of money supply in the world economy.. trade will slow.. the price of all assets will fall. They WANT a worldwide depression.

The World Bankers (Federal Reserve) will then consolidate more power.. and sweep up assets for pennies on the dollar.

Wealth never disappears.. it only changes hands from the weak to the powerful.

[orpupilofnature57]

4. NWO

[ixion]

5. Yep, and by the scum who control them

I think you're spot on about the motivation.

[dkf]

6. Hello...sounds like they are asking Germany to support Greece and the US to keep spending.

How do you get this stuff?

[dipsydoodle]

7. Hopefully

Greece will hold a referendum the result of which being they pull out of the Euro and sort themselves out.

[dkf]

10. They don't have the funds to pay their social security and government worker obligations.

UBS estimated their GDP will fall by 40-50% in the first year costing each person the equivalent of 9500 to 11500 euros a year with 3000-4000 every year after.

So on the high end $15,000 a person in the first year, $5500 in subsequent years.

[dipsydoodle]

11. Their issues have been greatly contributed to

By not having a recognisable tax collection system. They cannot to get by on loans they will be able to repay.

[onethatcares]

9. exactly my thoughts.

not much more to say except that those poor fuckers that are supporting giving the wealthiest more and more are going to wake up on hard cobblestones.

[bongbong]

8. In other news

In other news, megayacht sales are setting a record rate.

http://www.google.com/search?q=mega+yacht+sales+set+records

[No Elephants]

12. That is the beauty of the plutonomy.