By Tony Sagami, Newsmax
I don’t listen to the International Monetary Fund (IMF) and the World Bank when they gush about how great the global economy is doing… which is almost always.
I do, however, pay careful attention whenever their near-perpetual optimism turns negative. And that’s what is happening right now.
The IMF lowered its 2016 global growth forecast for both 2016 and 2017 by 0.2% and 0.1%, respectively.
They worry, in particular, about the drop in oil prices, a sharp economic slowdown in China, rumblings about trade wars and tariffs, disease epidemics, refugees crises, and military conflict.
I do, however, pay careful attention whenever their near-perpetual optimism turns negative. And that’s what is happening right now.
The IMF lowered its 2016 global growth forecast for both 2016 and 2017 by 0.2% and 0.1%, respectively.
They worry, in particular, about the drop in oil prices, a sharp economic slowdown in China, rumblings about trade wars and tariffs, disease epidemics, refugees crises, and military conflict.
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