IMF cuts world growth outlook from 3.6% to 3.4%
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The International Monetary Fund cut its world growth outlook, saying that the global economy will expand 3.4 percent this year, down from a projected 3.6 percent in October. The fund also cut its forecast for growth in 2017 to 3.6 percent, down from 3.8 percent three months ago.In a quarterly update to its World Economic Outlook, it justified the change saying a commodities slump and political gridlock pushing Brazil deeper into recession, plunging oil prices destabilizing Mideast crude producers, and a rising dollar curbing U.S. prospects were the main concerns.
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The IMF is as much a plague to Africa as Malaria and Dengue Fever. Ignore them and continue growing and developing.
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Sorry.... Any time an economist claims to have a precise estimate of the GDP of a country, let alone the world, feel free to laugh them offf.
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The IMF? What they really know? That level of accuracy (from 3.6% to 3.4%) is just a spreadsheet artifact. This is what we called "marking to model" as opposed to "marking to market." Any time an economist pretends to have a precise estimate of the gd
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