"Reports of decoupling have been greatly exaggerated."

Wednesday, January 30, 2008 | 04:30 AM

Imf So said Simon Johnson, an economic counselor and director of the research department at the IMF, during a recent press briefing.

In its latest forecast, the IMF said the slowing U.S. economy will act as a drag to world-wide growth. That means, in essence, that the problems caused by the U.S. housing slump and meltdown in the market for subprime mortgages are radiating globally.

Look who's a drag on global growth:

"World economic growth will slow significantly in 2008 but the U.S., whose housing downturn is rattling global financial markets, will avoid recession, the International Monetary Fund forecast Tuesday.

The IMF sees world economic growth slowing to 4.1% this year, down from 4.9% in 2007. U.S. economic growth will slow to 1.5% in 2008, Johnson said, down from an estimated growth rate of 2.2% in 2007. The 2008 projection is lower than the IMF's October 2007 prediction of 1.9%."

However, according to the IMF, there will be "no recession in the US" and "no major slow down worldwide."

Sold to you . . .


IMF Forecasts Global Slowdown As U.S. Provides Primary Drag   
January 29, 2008 1:43 p.m.

IMF Sees Slowing World Economy in 2008
Associated Press, Tuesday, January 29, 2008; 1:46 PM

Wednesday, January 30, 2008 | 04:30 AM | Permalink | Comments (11) | TrackBack (0)
de.li.cious add to de.li.cious | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference "Reports of decoupling have been greatly exaggerated.":


Ba humbug! Crushing debt load, debt saturation, will produce the deepest recession we have seen in years!

Posted by: Justin | Jan 30, 2008 5:00:38 AM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™