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Imf Economic Growth Forecast Slashed From 0% To Zero.

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Thank goodness we're not in a depression recession.

http://www.bbc.co.uk/news/business-14984087

The global economy has entered a "dangerous new phase" of sharply lower growth, according to the International Monetary Fund (IMF).

The organisation warned that continuing political and economic woes in the US and eurozone could force them back into recession.

The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

It predicts their GDP will expand "at an anaemic pace of 1.5% in 2011".

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Newsnight's Paul Mason on twitter:

Paul Mason

paulmasonnews Paul Mason

Most worrying thing abt IMF growth d-grade for US/Euro/UK is that this is *not* result of Hooverite pro-recession strategy, but, as I said..

...stimulus packages that did not get bang for bucks, nationalisations that did not write off bad debt, QE that did not filter thru as M4

1 hour ago

So they spent hundreds of billions, prop up banks, etc, but still lack of growth is getting worse.

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So they spent hundreds of billions, prop up banks, etc, but still lack of growth is getting worse.

But at least a few hundred thousand bankers got rich off the back off it, and the bonus pools are still nicely full. So it wasn't totally pointless :rolleyes:

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The Public Sector Unions are going to be pissed off when they learn the cuts they will be striking about through the Winter are about to get larger!!

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The Public Sector Unions are going to be pissed off when they learn the cuts they will be striking about through the Winter are about to get larger!!

Yep, and there may be more of the public sector (read middle to upper management) striking as well

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Don't fret: all Europe needs to do is "Get its act together.." :lol::lol::lol:

:D

WASHINGTON (Reuters) - Europe needs to "get its act together" and deal with its worsening sovereign debt crisis, the International Monetary Fund said on Tuesday, warning of the risk of severe global repercussions.

That was less than one minute after telling governments to increase their budget deficits to encourage 'growth'.

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That was less than one minute after telling governments to increase their budget deficits to encourage 'growth'.

It's ludicrous isn't it? The press regurgitate this stuff without question. And the good ole USA, no debt problem there :lol:

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  • 337 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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