IMF predicts slower economic growth for world, U.S.
Of course the IMF would predict slow economic growth for the world- they are the ones who fostered such a scenario in the first place!
Loaning huge amounts of money to poor and needy countries at extreme interest is what the IMF does best.
Note: There has never been a nation to have paid back it’s loans in full plus interest to the IMF. We’re talking total debt slavery here.
Grant J. Kidney
LA Times — An international lending organization has slightly lowered its outlook for global growth over the next two years, warning that Europe‘s financial crisis and slower expansion in China and India have weakened the world economy.
The International Monetary Fund said Monday that it expects the world economy to expand 3.5 percent this year, according to a quarterly update to its World Economic Outlook. That’s down slightly from its previous estimate of 3.6 percent in April.
The IMF also cut its forecast for global growth to 3.9 percent in 2013, from 4.1 percent three months ago.