Exchange Fall, lower forecasts and collapse in prices for crude oil characterize the market when fiscal and monetary policymakers gathered at the IMF and World Bank fall meeting in Washington, DC.
German economy, the euro zone’s engine, is a big issue. Another major theme is infrastructure investment.
The German government will lower their GDP forecasts for 2014 and 2015 to about 1.2 percent per year, reports Reuters referring to two government sources in Berlin. At present, the forecasts of 1.8 and 2.0 percent.
IMF economists earlier this week wrote down the global outlook, particularly with reference to a slowdown in the German economy.
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