On October 7 The Wall Street Journal had a story titled “Debt Crisis Dims IMF Outlook.”
A couple of excerpts from the story:
“All told, the IMF predicted the world economy will expand 4.8% in 2010 and 4.2% in 2011.”
“The risks for economies to backslide are still high amid the fragile economic recovery, the IMF said. “The financial sector is still vulnerable to shocks and growth appears to be slowing as policy stimulus wanes,” predominantly in advanced economies, the IMF said.”
A related article, titled “The IMF’s New Growth Projections” shows the forecasts broken out by country.
I post various economic forecasts because I believe they should be carefully monitored. However, as those familiar with this blog are aware, I do not agree with many of the consensus estimates and much of the commentary in these forecast surveys.
A Special Note concerning our economic situation is found here
SPX at 1178.10 as this post is written