IMF warns of sliding euro zone recession
IMF warns of sliding euro zone recession
10/10/2014 16:16
Follow-up – and babysit – warned the head of the International Monetary Fund Christine Lagarde of the possibility of sliding back into the euro zone into recession if they are not adopting sound economic policies.
Lagarde said, “We do not say that the region is heading toward recession, but say there is a serious risk of the occurrence if it did not do anything.”
Lagarde’s comments came at a news conference in Washington at the beginning of the annual meetings of the IMF and the World Bank.
According to Lagarde, the International Monetary Fund estimated the incidence of long-term contraction in the Euro zone at 35 to 40 percent, noting that this figure is “not serious.”
He was President Mario Draghi European Central Bank announced a rise of inflation expectations in the euro area gradually up to 2 percent by 2016 or 2017
The Fund had trimmed its forecast from two days on the growth prospects of the global economy, to become three three break through this year and three of eight break next year.
The Fund pointed out that the countries of the world recover from the financial crisis that occurred years before moving pace weak and unevenly.
Earlier, raised the official figures published in Germany and the reported decline in economic output of the country’s fears of a fall in the German economy into recession.
alrayy.com
