Looky Looky - IMF says economic growth may never return to pre-crisis levels

[malaise]

http://www.theguardian.com/business/2014/oct/07/imf-economic-growth-forecasts-downgraded-crisis
<snip>
he International Monetary Fund (IMF) has cut its global growth forecasts for 2014 and 2015 and warned that the world economy may never return to the pace of expansion seen before the financial crisis.

In its flagship half-yearly world economic outlook (WEO), the IMF said the failure of countries to recover strongly from the worst recession of the postwar era meant there was a risk of stagnation or persistently weak activity.

The IMF said it expected global growth to be 3.3% in 2014, 0.4 points lower than it was predicting in the April WEO and 0.1 points down on interim forecasts made in July. A pick-up in the rate of expansion to 3.8% is forecast for 2015, down from 3.9% in the April WEO and 4% in July. But the IMF highlighted the risk that its predictions would once again be too optimistic.
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The IMF was wrong - AfuggingGAIN!!
Read the comments.
mickobrien chattychatty

07 October 2014 3:57pm
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26

The capitalist end game - its going to get nasty.
Nasty for the bottom 99% on the bottom of the hill and bliss for the 1% who will be safe in their castles

[riderinthestorm]

1. This is an extremely important article. Thanks for posting malaise

This is why I stay and browse DU when I have time. This kind of information never would have crossed my path on a given day even as I read other excellent source material.

Knowing this information from the IMF is like being the first to see the canary come up dead from the coal mine.

Forewarned is forearmed.

K&R

[malaise]

4. If I read only one paper daily it's the UK Guardian

They've managed to keep the corporations away

[woo me with science]

2. The "new normal" of oligarchy.

I remember feeling sick in the pit of my stomach the first time I heard that term, " the new normal," on a Sunday talk show years ago.

Whoever used it was lambasted for being a doomsayer.

Many of us knew better. As bvar22 has written here many times, what has been done to this country, massive transfer of wealth and power to a very few, does not happen by accident.

[malaise]

5. Yes indeed

The new normal is everything we fought against.

[hifiguy]

3. I have seen estimates that the worldwide ultra-rich have

tens of trillions of dollars squirreled away in the darkest of corners. That is TRILLIONS with a T.

Money is like manure - no good when piled in one place but highly useful when spread around. Monopoize the fuel and the engine grinds to a halt. Twas ever thus.

[malaise]

6. The only spreading we'll see is disease

because when you decimate Public Health Care, expects a plethora of old and new epidemics.

[hifiguy]

7. A passive cull of the herd

Via epidemic has, I am sure, been in the planning folder for quite some time.

[malaise]

9. Don't rule that out

They must know the implications of decimating Public Health across the globe

[hifiguy]

10. Damn right they do.

Kissinger spoke years ago about the "surplus eaters" in the world and the need to do something about them.

[liberal_at_heart]

8. K&R