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IMF, World Bank say global economy recovering, but still fragile

IMF

April 14th, 2014 (VOA) The head of the International Monetary Fund, Christine Lagarde, says the global economy is improving and “moving into a strengthening phase.”

The assessment came Saturday after several days of talks in Washington at the spring meetings of the International Monetary Fund and the World Bank.

Economic officials pledged to work for faster economic growth to help alleviate high unemployment in some nations.

Officials also expressed concern that very low inflation may pose a risk for some advanced economies, including Europe where the rate is just one-half of one percent. Many experts say keeping inflation a little below two percent a year helps economies.

The head of the European Central Bank, Mario Draghi, says ECB officials may try to push the European inflation rate up slightly by doing more to simulate the economy.

European inflation has been pushed down by the growing strength of the euro.  A strong currency weakens inflation by cutting the costs of imported goods.  But a strong euro could also hurt European exports by making them more expensive on world markets.

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  • Adelchi Di Palma

    The banking cartel and especially the IMF which is the acronym for International Money Fraud. First the banking cartel destroys the economy then they make the people pay for it. When honest government and monetary system is in place its impossible to experience economic crisis.

    Most of the western government have defrauded their people have committed acts of treason exist on the grounds that the banks have no right to charge interest simply because the
    y aren’t in the lending business. The so called loans definition is: The banks convert the The alleged borrowers value of their assets into paper currency or electronic digits. for more info view Money as Debt on Youtube. All approved credit create a deposit without any account being reduced. When the credit agreement doesn’t’ involve the charging of interest the contract is valid and the amount must be returned to the bank. When the credit issued by the banks involves the charging of interest then the contract is null and void and the client owes nothing to the bank. Actually the clients should file a criminal complaint for massive fraud. Each approved credit with the charging of interest, involved about 20 criminal acts. Obtain your own evidence, request your bank about the origin of the amount of credit they have issues to you, they will not respond.