IMF Chief: 2016 global growth "disappointing"
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"Disappointing", that is IMF's predictation of next year's economic growth. In an article published in the German business daily Handelsblatt, IMF Managing Director Christine Lagarde said global economy in 2016 faces uncertainty and a higher risk of vulnerability. The major factors contributing to a dim 2016 are the prospect of rising interest rate in the United States, an economic slowdown in China and weak commodity price. Aging population and the effects of the global financial crisis are also putting the brakes on growth.
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Please don't repeat the same garbage as Reuters did a few days ago...
Lagarde did not publically gave a speech nor comment from herself that she even said this...this is a repeat of old news because of the stalls and non-cooperation from the west but we see changes as AIIB accepted the founders' memberships for the exception of the US and Japan not becoming members, CIPS, BRICS, The New Silk Road Initiatives are moving forward and gaining huge growth.
IMF is going to move forward since the Republicans finally came on board to pass the IMF 2010 Reforms bill that was used as a filibuster bill within the Spending Bill on Dec 18th and Obama signed it off the next following day...
There was a PLAN B to bypass the US if Congress again to follow through as promised...
The rebalancing of global currencies / the SDR elite basket adjustment to the Yuan's inclusion, movement of global markets, economic reforms that were effective on July 1st 2014 can now resume as especially that BASEL III asset backed currencies will be completed and other compliant steps are being completed...
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