Source Pravda.Ru

IMF more optimistic, WTO less so. More austerity to come?

The World Trade Organization predicts that world trade will grow in the near future but not as fast as it had predicted, forecasting an increase of 3.3 per cent in 2015 and 4 per cent in 2016, down from 5 and 4.3 per cent, respectively. The average of the last three years has been 4.3%.

As for the IMF, the forecast for the Euro Zone is more optimistic, predicting an average growth rate of 1.5 per cent in the economies of the countries in this group for 2015 and 1.6 per cent in 2016, an increase of 0.3 per cent and 0.2 per cent respectively.

As for the world economy, the IMF forecasts a growth rate of 3.5 per cent for 2015 and 3.8 per cent in 2016, basing this forecast on the recovery of the world economic drivers and the fall in the price of oil.

As far as the European Union is concerned, the IMF considers that the growth rate forecast is "fragile" and "unequal" and states that there are countries which will not reach growth levels. The IMF suggests "more political measures" to guarantee sustainable growth.

More austerity on the way?

Timothy Bancroft-Hinchey

Pravda.Ru

(timothy.hinchey@gmail.com)

 

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases

Several years ago, a prominent Indonesian businessman who now resides in Canada, insisted on meeting me in a back room of one of Jakarta's posh restaurants. An avid reader of mine, he 'had something urgent to tell me', after finding out that our paths were going to be crossing in this destroyed and hopelessly polluted Indonesian capital.

Capitalism reduced Indonesian cities to infested carcases
Comments
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia to rebuild its former Soviet naval base in Syria's Tartus
North Korea is not a threat to the US
North Korea is not a threat to the US
North Korea is not a threat to the US
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Capitalism reduced Indonesian cities to infested carcases
Donbass without militia will be worse than Srebrenica - Putin
Putin: Russian servicemen return home from Syria as victors
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Putin to Sobchak: We will never let them turn Russia into another Ukraine
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Saudi Arabia readies to enjoy cinemas and music for the first time in 40 years
Socialite Ksenia Sobchak runs for Russian President