IMF warns of an increased risk of a new global economic collapse
Nya Dagbladet, “IMF predicts global economic collapse”, 9 March 2016:
The sharp fall in exports in China is consistent with the IMF’s forecast. In the background, Beijing at dusk
International Monetary Fund, IMF, warns of an increased risk of a new global economic collapse.
David Lipton, of the IMF, says the global economy is “really in difficult situation.”
“A new economic downturn could become a reality if the world’s governments do not take steps to increase demand in the economy,” writes the Financial Times.
IMF fears are confirmed by statistics from China. In February 2016, Chinese exports fell by 25.4 percent after a 11.2 percent decline in January. It has been the largest exporter since in 2009.
According to the latest IMF forecast the global economy increased by 3.4 percent this year. A revision of the forecast, however, is not ruled-out.
