IMF Warns Their Forecast Was Wrong

COMMENT: It really does appear that the IMF is following you and repeating your forecasts. They first said the world economy was booming at the start of the year for the next several years. Now they have revised that forecast and saying we are at risk of a decline. Any comment?

HK

ANSWER: Yes, at the start of this year, the International Monetary Fund (IMF) was very bullish. The world economy’s “broad-based momentum” was their call which produced an upgrade to its forecasts for global growth over the next few years. Now, they have admitted that they were “over-optimistic” and they have cut its projections down to where they were last year. They are warning that “the likelihood of further negative shocks to our growth forecast has risen.” What they have completely failed to take into consideration is the economic meltdown in Emerging Markets coupled with the failure of Europe as a whole under the EU.

Latest Posts

Destroying the World Economy ASAP

The two positions in life that require ZERO experience are (1) politician and (2) becoming a parent. We often hear blaming foreign buyers in real estate for the rise in [...]
Read more

Dems Profiting on California Tragedy

Politicians never shy away from using a tragedy for personal gain. Democrats like Gavin Newsom and Elizabeth Warren have been caught stealing donations intended for California wildfire victims and funneling [...]
Read more

Macron Considers Sending Troops to Ukraine

Ukrainian President Volodymyr Zelensky and French President Emmanuel Macron have been collaborating on ideas to send French troops to Ukraine. “Today I spoke with the president of France. It was [...]
Read more

Roman Coins – Denarii

Many people have been asking if I can provide some coins to stimulate the interest of the youth. I will try to put some groups together. This denarii group ran [...]
Read more