IMF Warns Of Economic Trouble In 2016


IMF Managing Director Christine Lagarde has come out and said that she believes that global economic growth for 2016 will be disappointing. Lagarde said that the prospect of rising interest rates in the United States, along with an economic slowdown in China, will work together to establish uncertainty and a higher risk of economic vulnerability around the world. Janet Yellen just moved to raise interest rates in the U.S. a few weeks ago, the move marked the first interest rate increase in seven years for the country. Along with the move, Yellen insinuated that we could potentially see further increases now that the economy seems to be doing so well. The move to raise interest rates, she said, “[reflected] the committees confidence that the economy will continue to strengthen.” 
 

If the U.S. does decide to move forward with a series of increases to the interest rate next year, then we can expect the stock market to respond negatively. And what Lagarde warns of happening could actually turn out to be the case. Lagarde also warned that there was a considerable decline in raw material prices as of late and that for those nations whose economics are based on these materials, it could pose much of a problem.
 

“Global growth will be disappointing and uneven in 2016,” says Lagarde. This new warning of a slowdown for 2016, comes after the IMF just a few months ago had forecast that the world economy would grow by 3.6 percent in 2016. Lagarde further warned that countries could end-up defaulting on their payments because of rising interest rates in the U.S. and that this could have an impact on banks and states.
 

Despite Yellen and others attempting to paint the U.S. economy and others with a positive light, not everyone is buying what's being sold. There remain several financial experts and economists, like Peter Schiff, Jim Rogers, Doug Casey, Jeff Berwick, and others, who continue to warn that we are potentially facing one of the biggest economic crashes of all time. The Federal Reserve has fostered a variety of bubbles in the market and what looks strong on the surface is actually quite inherently weak. The U.S. isn't the only country with a debt problem either, as these fiat currency wars continue to rage on, there are many other countries which have followed the same self-destructive monetary path as the U.S. and gone ahead and printed themselves further into debt. Needless to say, many people are eager to see what 2016 has in store for the economy. 





 
 

Follow Dan Dicks:
Facebook
Twitter
Dan Dicks Twitter
Dan Dicks Instagram

Subscribe:
Youtube
Press For Truth TV


If you do not use PayPal or credit cards you can still donate! We accept checks, money orders, cash and equipment. With good old fashion mail you can send Dan stuff to:

Mail to Dan Dicks:
505-8840 210th Street
Langley BC, V1M 2Y2
Canada

pat_banner.png ribbonDonateBitcoin.png paypal_large1.gif


Tags: money, imf, economy, bank, fed
Add Pingback
blog comments powered by Disqus