Posts tagged 'IMF Global Growth Forecast'

It’s (austerity) Multiplier Failure

The IMF (among others) seriously misjudged the effect of austerity measures on growth. The fund says that the “fiscal multiplier” used by many countries has been a mere 0.5, when in reality the effect over the past few years has been 0.9 to 1.7. So, why did everyone get it so wrong? Read more

Prepare for probable disappointment, IMF

The IMF’s latest global growth forecasts are, unsurprisingly, lower than their last set of forecasts. Which were in turn lower than their previous set of forecasts. And that’s as far as we want to go back, thankyouverymuch. And even with the reduced forecasts, there are caveats. Big, ugly caveats…  Read more

IMF lowers growth forecast

The IMF has reduced its previous forecast for global growth this year from 3.5 to 3.3 per cent, and for next year from 3.9 to 3.6 per cent. Read more