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@Thom_Hartmann #ThomHartmann blog: The Global Economy is Sputtering Out

by Thom Hartmann posted Oct 9 2012 3:08PM

The International Monetary Fund cut its growth forecasts for the world economy – and warned that there is a “alarmingly high” risk of deep economic slowdown.  IMF projections now show the global economy growing by a mere 3.3% this year – the slowest growth since 2009.  As the IMF says in its report: “Confidence in the global financial system remains exceptionally fragile…Bank lending has remained sluggish across advanced economies.”  

With Europe’s economy contracting, the United States headed for a “fiscal cliff,” and emerging economies like India and China also slowing down – IMF leaders are calling on policy makers to address the threats in their economies.  All around the world – we are witnessing the collapse of corporate globalism.  

The only question left is: just how messy will it get before working people around the world come together to forge a new economy for the 21st century.

Listen to The Thom Hartmann Show live Monday through Friday 3 PM to 6 PM on WWRL 1600.
Filed Under :
Topics : Business_Finance
10/09/2012 3:06PM
@Thom_Hartmann #ThomHartmann blog: The Global Economy Sputtering
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