Economic Articles

• World Economy
• Commodities' Markets
• Economic Unions
• World Indexes
• World Economic Organizations

Most Interesting

• World Economy
• Russian Economy
• Global Oil Production and Consumption
• Gold Market. The Uses of Gold
• London Metal Exchange
• International Monetary Fund
• Dow Jones Index
• Gross Domestic Product
• The Organization of the Petroleum Exporting Countries
• European Union

Economic Indicators

• World GDP
• Russia's GDP
• US GDP
• Eurozone's GDP
• UK GDP
• Japan's GDP
• Ruble/dollar rate
• Ruble/euro rate
• Gold price
• Nickel price
• Copper price
• Cobalt price
• Oil price
• Dow Jones Index
• DAX Index
• Nikkei Index
• RTS Index
• ISM Index
• PMI Index
• Confedence Index

RTS Index

The International Monetary Fund cut its forecast for global economic growth in 2012 and 2013, citing growing financial strains and rising downside risks as Europe`s debt crisis entered a “perilous new phase.” In an update of its world economic outlook, the Washington-based institution said it expects global output to grow by 3.3% in 2012, down from 3.8% in 2011 and from a September forecast of 4%. Global output is forecast to expand 3.9% in 2013, down from a previous forecast of 4.5%. “Global growth prospects dimmed and risks sharply escalated during the fourth quarter of 2011, as the euro-area crisis entered a perilous new phase,” the IMF said.
The IMF said it now expects rising sovereign bond yields and deleveraging by banks to push the euro-zone economy into a “mild recession” in 2012. It also warned that overly aggressive austerity measures could backfire. The IMF expects the 17-nation euro-zone economy to shrink 0.5% in 2012, followed by growth of 0.8% in 2013. The IMF had previously projected growth of 2.1% in 2012 and 1.5% in 2013.
The report comes a day after IMF Managing Director Christine Lagarde warned that the global economy could slide into a “1930s moment” unless Europe gets a grip on its debt crisis and other economic engines, including the United States and China, meet their responsibilities. Lagarde emphasized the need for stronger, growth-oriented policies, as well as larger firewalls and deeper fiscal integration across the euro zone. Read more about Lagarde`s `1930s moment` warning.
The IMF left its forecast for U.S. economic growth i...