Re: [Pen-l] IMF issues bleak forecast

To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] IMF issues bleak forecast
From: Doug Henwood <dhenwood@xxxxxxxxx>
Date: Wed, 8 Oct 2008 11:23:17 -0400


On Oct 8, 2008, at 11:19 AM, Louis Proyect quoted:

The IMF slashed its 2009 forecast for world growth to 3 percent, which would be the slowest pace in seven years, from a July projection of 3.9 percent, and warned that a recovery would be unusually slow.

It said growth this year would come in at 3.9 percent, a touch below the 4.1 percent it projected in July.

For all of next year, it projects U.S. growth of just 0.1 percent.


They don't make "bleak" like they used to.

Doug
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References:
- [Pen-l] IMF issues bleak forecast
  - From: Louis Proyect

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Thread context:
- Re: [Pen-l] Sarah Palin lowered the standards for female, (continued)
- [Pen-l] To the bunkers, Louis Proyect Wed 08 Oct 2008, 16:50 GMT
- [Pen-l] IMF issues bleak forecast, Louis Proyect Wed 08 Oct 2008, 14:58 GMT
  - Re: [Pen-l] IMF issues bleak forecast, Doug Henwood Wed 08 Oct 2008, 15:02 GMT
- [Pen-l] 9 times leveraged Iceland asks help from Russia, not from the US, Sabri Oncu Wed 08 Oct 2008, 13:03 GMT
  - Re: [Pen-l] 9 times leveraged Iceland asks help from Russia, not from the US, Jim Devine Wed 08 Oct 2008, 13:13 GMT
- [Pen-l] Wolf on Depression, Sabri Oncu Wed 08 Oct 2008, 07:52 GMT
- Re: [Pen-l] Doug the seer (WAS Community Reinvestment Act at fault -- NOT), Sabri Oncu Wed 08 Oct 2008, 05:39 GMT

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