The International Monetary Fund says that risk of a global recession is not indicated right now, while they are increasing their predicted global growth rate. They also talks about how the U.S. is having a strong economic performance as well as many different developing market economies. Europe is a mixed bag with the growth forecast decreasing for Germany, France, and Italy; but increasing for Spain, Belgium, the U.K, and Portugal. Tensions growing in the Middle East as well as Russia and Ukraine have led to uncertainty and issues with oil and energy prices and distribution. This is having an impact on global inflation. The IMF is also monitoring geopolitical concerns and says that this will continue to play a huge role in future economic forecasts.
https://www.cnbc.com/2024/04/17/risk-of-a-global-recession-is-minimal-imf-economist-says.html
3 comments:
I wonder how the IMF assesses the current economic indicators to conclude that there's no immediate risk of a global recession despite the geopolitical tensions and issues with oil and energy prices?
I wonder if all the speculation about a global recession is actually one of the driving factors behind recession occurrences due to the loss of trust and gain of fear from citizens around the world regarding the global economy.
With many economies in Europe having different capitalist makeups, I wonder if their are similarities between the countries that are seeing success and those that are not. If there are, will those countries not seeing success copy or mimic some policies from the successful markets to bring their own economy's up
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