IMF warns of global economic slowdown

[Elmore Furth]

Source: International Business Times

The International Monetary Fund (IMF) has issued a warning that global economic growth is likely to slow towards the end of 2010, largely due to continued weakness in the financial sector and a confidence crisis in some individual nations.

The Fund recommends that the most developed countries to reduce their budget deficits and increase export volumes in order to alleviate the problem. IMF also suggested that the Asian and emerging markets concentrate more on stimulating internal demand and less on export growth.

The faltering housing market in the U.S. -- the source of the global crisis -- as well as the fragile sovereign debt market in Europe were highlighted as key issues to be tackled.

In tandem with The International Labour Organization (ILO), the IMF is hosting a joint conference in Oslo, Norway this week to find new ways to create jobs and sustain the economic recovery.



Read more: http://www.ibtimes.com/articles/61476/20100912/imf-economy-unemployment.htm

[Confusious]

1. Wow! It picked up? I must have missed it.

I was just looking at a picture.

[Dr.Phool]

2. Just more happy talk.

Everything is fine. The economy is strong and getting stronger. Export more jobs.

[No Elephants]

3. "Faltering housing market in the U.S." Gee, the IMF is on top of breaking news. Wonder why they

are really issuing this "warning" at this time.

[Joanne98]

4. "continued weakness in the financial sector" whatever

[PSPS]

5. Yeah, I guess our $13 trillion wasn't enough. They want more.

[L0oniX]

6. Out source our jobs = US housing crisis = global economic slowdown.

Who's your enemy now?