Breaking News

Global Outlook Looks Positive: IMF Notes Economic Expansion in the Mature Economies
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

The International Monetary Fund (IMF) raised its global outlook as it revised its forecast for its recently released World Economic Outlook Report. The mature markets saw economic expansion. According to Bloomberg, the U.S. and UK markets saw acceleration in economic growth. The IMF urged, “Advanced economies to maintain monetary accommodation to strengthen the recovery.”

Both proponents and critics of the expanding balance sheets of both governments note the actions of the Bank of England (BOE) and the Federal Reserve. Both had massive debt expansions as both printed. In the case of the Federal Reserve, quantitative easing was a measure to stimulate and prevent the recession from creating another great depression. The BOE similarly went into a money-printing spree. Former Federal Reserve Chairman Ben Bernanke considered that this type of measure was one of the few ways to be able to help the economy in a zero rate environment,

  
What
Where


While the world’s growth engine, Asia continues to see declines relative to analyst’s expectations, the mature economies would be glad to see 2 percent growth.

“In advanced economies, the monetary policy stance should stay accommodative while fiscal consolidation continues,” IMF said in their report. “In many emerging market and developing economies, stronger external demand from advanced economies will lift growth, although domestic weaknesses remain a concern.”

From IMF’s World Economic Outlook released in Washington, their forecast of the mature economies included; U.S. GDP will grow by 2.8 percent, Japan’ GDP will grow by 1.7 percent, and the U.K.’s GDP will grow by 2.4 percent.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!






 

RELEVANT JOBS

Associate Attorney - Defense Litigation Experience

USA-TX-Dallas

Galloway\'s Dallas office is seeking an Associate Attorneys with 2 - 5 years of experience to handle...

Apply now

Part-time Staff Attorney – Housing and Homelessness Prevention Unit

USA-CA-Santa Ana

  Part-time Staff Attorney – Housing and Homelessness Prevention Unit ...

Apply now

Staff Attorney – Housing and Homelessness Prevention Unit

USA-CA-Santa Ana

Full-time Staff Attorney – Housing and Homelessness Prevention Unit Organization Descriptio...

Apply now

Staff Attorney – Immigration Unit

USA-CA-Santa Ana

  Staff Attorney – Immigration Unit Organization ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Education Law Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with ...

Apply Now

Education Law Attorney

USA-CA-Carlsbad

Carlsbad office of a BCG Attorney Search Top Ranked Law Firm seeks an education law attorney with 4-...

Apply Now

Education Law and Public Entity Attorney

USA-CA-El Segundo

El Segundo office of a BCG Attorney Search Top Ranked Law Firm seeks an education law and public ent...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top