- IMF’s recent World Economic Outlook places its current assessment of the world economy in the context of 10 years since Lehman Brothers collapse…. Depressing reading.
- Growth expectations are downgraded as expected following trade disputes and nationalist and populist pressures.
- And the IMF fears that much of the traditional fiscal and monetary policy actions have become in-effective and blunt tools.
- However we should not forget that the big economic blocks are in different stages of their business cycles and divergence between markets is to be expected.
- Such divergence offers also opportunities.
- However: there is no room for playing the hero!
For the complete article by Bart Le Blanc, please see the attachment.
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