Public Affairs Networking
15/04 – IMF growth forecasts: US and EU recover, while emerging countries pose threats

Several media report on the growth forecasts presented by the IMF. Overall, the EU and the US are recovering, while emerging economies are a concern to global recovery, leading Suddeutsche Zeitung’s Nikolaus Piper to say that the fear of a new recession is thereby gone “for now.”

Media note that the low oil and euro prices are helping the recovery in Europe more than expected. Le Figaro adds that euro countries benefit from the ECB’s QE programme, being “more important than expected.” Media focus on the figures for their country. El Mundo notes optimistically, that if we single out the group the IMF tags as “most industrialised countries” Spain would rank third in GDP rise, just behind the US’s 3.1% and the UK’s 2.6%.

As for the risks, Il Sole 24 Ore notes that the IMF warned that the failure of negotiations with Greece would have “extremely painful” consequences for the country, and more limited consequences for the Eurozone, that has a better “protection system” than in the past. Naftemporiki notes that IMF chief economist Olivier Blanchard sent a clear warning yesterday against the dangers that still exist for Greece. However, the newspaper stresses that the IMF’s forecasts for the Greek economy are overly optimistic in the present context.

Frankfurter Allgemeine‘s Winand von Petersdorff quotes the institution’s two recipes for a global recovery: a lax monetary policy and investment in infrastructure. He stresses his scepticism, saying one cannot help but think that the “unconventional” economic policy for the rescue of the world economy is laying down the foundations for the next big crisis. ©europeanunion2015

No comments yet
Submit a comment

Policy and networking for the digital age
Policy Review TV Neil Stewart Associates
© Policy Review | Policy and networking for the digital age 2024 | Log-in | Proudly powered by WordPress
Policy Review EU is part of the NSA & Policy Review Publishing Network