The International Monetary Fund’s latest forecast predicts
that the countries whose property bubbles and collapsing banks set the world
into recession in 2009, are now lifting growth.
Growth has especially strengthened within the United States, and the
recovery continues to be positive. 2014
predictions suggest the world economy will grow by approximately 3.6 percent
this year. Christine Lagarde, IMF
managing director said, “the recovery is finally becoming a bit more balanced,
and beyond the burden of developing economies.”
While things are looking positive and strong for the US, things are not
as strong in all countries. The US has
been increasingly strong due to the Fed’s efforts in stimulating investment,
and improvements in the housing industry.
The American economy has picked up globally as well, and the monetary
fund expects the country to expand by 3 percent this year. New geopolitical risks and global economic
activity remain as downturn risks in the global economy structure.
http://www.nytimes.com/2014/04/09/business/rich-nations-bolster-global-growth-imf-says.html?ref=business
2 comments:
Reading this article reminded me of the book, "Globalization and its Discontents."
Amongst other things, the author focuses on the harm inflicted upon developing countries due to globalization.
When I read that the US and other strong nations are recovering from the recession, I wonder if there is anyone suffering from it. The author mentions that these stronger countries are helping developing countries recover, but I wonder if that is always the case.
Shouldn't countries who are coming from a recession be able to easily lift up and recover?
Are there always going to be countries that will not be progressing? That is what it looks like. Therefore will there always be winners and losers and not just winners?
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