Friday, June 17, 2011

Global Economic Slowdown Immanent

The IMF says it still expects global growth of 4.3% this year, down slightly from the 4.4% estimate offered in April in what it called a “mild slowdown of the global expansion.” Among advanced economies, the U.S. is seen growing at 2.5% (slower than the prior 2.8% estimate) while Japan is expected to contract 0.7% (instead of 1.4% growth).
Our intertwingled global economy has become a great example of "a receding tide lowers all boats."

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