US growth stalled and problems likely to be protracted, IMF chief economist says
The IMF-WORLD BANK truth - IMF ve DÜNYA BANKASI gerçeği
A 5k Fun Run and press conference to kick off the IMF meetings in DC this weekend.
for more info about scheduled protests visit
Bill for supplemental war and IMF funding could be defeated
Greece has accepted a $146 billion European Union-IMF led bailout. But many are wondering whether it will help increase faith in the distressed euro zone.
BY EMOKE BEBIAK
ANCHOR ALEX ROZIER
You're watching multisource business video news analysis from Newsy.
Mark your calendar for 2016. That’s when the International Monetary Fund expects America to surrender its leading position as world’s largest economy to China.
It was Marketwatch’s Brett Arends who discovered the grim prediction buried deep in an IMF report.
“When you talk to a lot of Wall Street economists and talking heads, they will tell you, ‘Oh, it’s decades away’ and all that stuff. Nonsense. It is five years’ time. 2016. That is the date put out by the IMF.”
In the original article, Arends warns...
“Most people aren’t prepared for this. They aren’t even aware it’s that close. … The most bearish will put the figure in the mid-2020s. But they’re miscounting. They’re only comparing the gross domestic products of the two countries using current exchange rates.”
Arends explains using exchange rates is not a reliable basis for predictions, because they change easily and governments can manipulate them. Instead, the IMF compared the two country’s “purchasing power parities” or PPPs, which measures how much someone’s income can buy in a given economy.
Looking at the current trends, IMF concludes China’s rising PPP will top that of the US.
But a blogger for The Financial Times points out IMF has put out conflicting reports based on what numbers they analyze.
“Statistics are notoriously slippery things… Measured using PPP, China will overtake the US ... by 2016... Measured in US dollars at current prices, the US retains a clear lead.”
The International Business Times denies the legitimacy of the recent report saying...
“The IMF and World Bank’s projections ... shouldn’t be trusted at all. Economists at institutions like the IMF and World Bank have little imagination and assume that current conditions will continue indefinitely. Their ‘projections’ should be more aptly named ‘adjusted extrapolations’.”
CNN asks what slipping to the second place would mean for the US. Is this only about bragging rights?
CNN’s Zain Verjee explains it would have serious implications for everyday Americans.
“For ordinary people though, Carol, one of the issues is going to be jobs. You know, if the US economy grows around 2 percent, less people are going to want to invest their money in the US. They’re going to where the growth is.”
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Transcript by Newsy.
BY RUISHA QIAN
ANCHOR ERICA COGHILL
At Saturday’s G20 meeting in Paris, world leaders are set to wrestle about whether to boost IMF’s aid in the European debt crisis. The Economic Times explains one side of the debate.
“Brazil, Russia, India and China are working on ways to contribute money rapidly to expand the effective funds of the International Monetary Fund... to increase the role of emerging economic nations in combating the eurozone sovereign debt crisis.”
The plan would give the IMF roughly $750 billion in normal lending capacity.
Bloomberg, quoting a Hong Kong-based strategist, says more involvement in funding could give emerging countries more say in the euro crisis.
“Emerging markets, in particular China, may feel the pressure at this point to make some gestures to help the West. They do not want to invest too much given that the West’s problems are of its own making, and if they help, they want to do so in a way that brings them benefits and recognition.”
The plan has been shot down by the US, UK, and Canada.
In an interview with CNBC, US Treasury Secretary Tim Geithner says Europe should be able to take care of itself.
“Of course Europe, as a whole, has very substantial resources available to help manage the problem. The financial problem that faces Europe is complicated to solve, but they are well within the resources that Europe has available.”
And the Financial Times explains why the U.K. isn’t fond of the idea of more IMF aid, either.
“The emerging economies’ offer put the UK in a particularly difficult position because David Cameron, prime minister, called this week for a much bigger “bazooka” to prevent contagion spreading from Greece, through Spain and Italy to the rest of the world economy, but does not want to commit UK funds to the effort.”
Despite the wrangling between developed and developing countries, the Wall Street Journal says ultimately, the plan is likely to encounter legal difficulties.
“Even if the G-20 backs the idea, however, doubling the IMF's resources requires legislative approval, a political hurdle that could stymie efforts in some countries. Some lawmakers in the U.S. Congress, for example, have discussed de-funding existing commitments to the IMF. Asking Congress for additional funding would be a major obstacle.”
Best Show! 神韻藝術團世界巡演
Multiple simultaneous marches bring attention to the affairs of the World Bank & International Monetary Fund. It was all fun and games until somebody put an eye out. Includes critical visual analysis of why it turned so ugly so fast.
The last day of the International Monetary Fund Spring Meetings in Washington DC the was a permitted March from Dupont Circle to The Bank Buildings.
bilge üniversitesinde ımf başkanına ödp li genç tarafından ayakkabı atıldı
Competitive Enterprise Institute Senior Fellow Christopher C. Horner debates plans for the International Monetary Fund to collect $100 billion a year from member nations to fund climate change initiatives.