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‘Turbulence is building’: IMF warns
of ‘hard landing’ for global economy

Original Article

Posted By: Dreadnought, 4/11/2023 12:16:53 PM

The International Monetary Fund on Tuesday sketched a bleak picture of what’s in store for the global economy, estimating that growth will slow more than expected this year. The IMF said the “anemic outlook” reflects the higher interest rates needed to bring down persistent inflation, the deterioration of financial conditions amid banking turmoil, the war in Ukraine and growing geoeconomic fragmentation. “Below the surface ... turbulence is building, and the situation is quite fragile, as the recent bout of banking instability reminded us,” IMF director of research Pierre-Olivier Gourinchas said in the opening to the institution’s World Economic Outlook. The IMF said in the report that global output will bottom out at

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Reply 1 - Posted by: LC Chihuahua 4/11/2023 12:27:14 PM (No. 1445775)
Turbulence? More like wind shear. Cannot hide the economic mess we are in much longer.
8 people like this.

Reply 2 - Posted by: Proud Texan 4/11/2023 12:50:53 PM (No. 1445800)
The IMF would be happier if instead of bottoming out, the economy just keeps sinking into the abyss. In fact, they will keep working to try to make that happen, and to keep it there.
4 people like this.

Reply 3 - Posted by: mifla 4/11/2023 1:57:36 PM (No. 1445845)
When asked for a reply. the Biden administration said "good".
2 people like this.

Reply 4 - Posted by: Luandir 4/11/2023 3:28:18 PM (No. 1445899)
2 people like this.

Reply 5 - Posted by: DVC 4/11/2023 4:18:04 PM (No. 1445935)
Yep. Idiots and fools in charge.
3 people like this.

Reply 6 - Posted by: Dodge Boy 4/11/2023 4:37:54 PM (No. 1445949)
Christine LaGarde, now leader of the EU central bank, you on board with this assertion from your old stomping grounds?
2 people like this.

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