Global stagnation: Difference between revisions
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According to the [[World Bank]]'s economists | According to the [[World Bank]]'s economists | ||
:"While contained for the moment, the risk of ... a global crisis, similar in magnitude to the Lehman crisis<ref>A reference to the[[Crash of 2008/Timelines#The Crash stage 3 (September - December 2008)| Lehman Brothers crash]] of September 2008, which triggered the [[Great Recession]])</ref>, remains"<ref>[http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1322593305595/8287139-1326374900917/GEP_January_2012a_FullReport_FINAL.pdf ''Global Economic Prospects'', Woorld Bank, January 2012]</ref>.<br> | :"While contained for the moment, the risk of ... a global crisis, similar in magnitude to the Lehman crisis<ref>A reference to the[[Crash of 2008/Timelines#The Crash stage 3 (September - December 2008)| Lehman Brothers crash]] of September 2008, which triggered the [[Great Recession]])</ref>, remains"<ref>[http://siteresources.worldbank.org/INTPROSPECTS/Resources/334934-1322593305595/8287139-1326374900917/GEP_January_2012a_FullReport_FINAL.pdf ''Global Economic Prospects'', Woorld Bank, January 2012]</ref>.<br> | ||
The [[/Addendum#Forecasts|January | The [[/Addendum#Forecasts|January forecasts]] by the World Bank and the International Monetary Fund continue to show growth in the world economy, but at a significantly lower rate than in their previous forecasts: a difference that they attribute mainly to an increase in the seriousness of the [[eurozone crisis]]. | ||
Revision as of 08:11, 25 January 2012
| The world recovery ...is in danger of stalling.
IMF Economic Counsellor, 23 January 2012. |
Global stagnation is generally considered in early 2012 to be a possible short-term prospect, involving a large part of the world economy. Of 30 countries surveyed by the International Monetary Fund, the growth rates of the economies of 20 were classified as "below trend and moderating"; of 8 as "below trend and rising"; and of only 2 as "above trend"[1]
According to the World Bank's economists
- "While contained for the moment, the risk of ... a global crisis, similar in magnitude to the Lehman crisis[2], remains"[3].
The January forecasts by the World Bank and the International Monetary Fund continue to show growth in the world economy, but at a significantly lower rate than in their previous forecasts: a difference that they attribute mainly to an increase in the seriousness of the eurozone crisis.
- ↑ Slowing Growth, Rising Risks, World Economic Outlook, IMF, September 2011, Fig 1.4 p6
- ↑ A reference to the Lehman Brothers crash of September 2008, which triggered the Great Recession)
- ↑ Global Economic Prospects, Woorld Bank, January 2012