{"id":199,"date":"2007-10-17T09:15:23","date_gmt":"2007-10-17T09:15:23","guid":{"rendered":"http:\/\/astraea.net\/blog\/?p=199"},"modified":"2007-11-05T09:22:24","modified_gmt":"2007-11-05T09:22:24","slug":"imf-world-economic-outlook-forecasts-down","status":"publish","type":"post","link":"https:\/\/www.astraea.net\/blog\/imf-world-economic-outlook-forecasts-down\/","title":{"rendered":"IMF World Economic Outlook forecasts down"},"content":{"rendered":"<p>The IMF published its <a href=\"http:\/\/www.imf.org\/external\/pubs\/ft\/weo\/2007\/02\/index.htm\">World Economic Outlook 2007 &#8211; Globalization and Inequality<\/a>.   The IMF now expects the global economy to grow 4.8% next year, down from its earlier 5.2% forecast.  The downgrade follows in the wake of the much-publicised turmoil in the global credit markets which was started by record defaults in the US sub-prime mortgage sector.  The IMF expects the US to see a particularly sharp slowdown in economic growth next year, now predicting it will expand just 1.9% in 2008, compared with its previous forecast of 2.8%.  On China, the IMF sees its growth slowing slightly to 10% next year, down from 11.5% for 2007. And in Europe, it is projecting that the UK economy will slow to 2.3% in 2008 from 3.1% this year, while Germany&#8217;s growth will slip to 2% next year from 2.4% for 2007.<!-- E BO --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The IMF published its World Economic Outlook 2007 &#8211; Globalization and Inequality. The IMF now expects the global economy to grow 4.8% next year, down from its earlier 5.2% forecast. The downgrade follows in the wake of the much-publicised turmoil in the global credit markets which was started by record defaults in the US sub-prime &hellip;<br \/><a href=\"https:\/\/www.astraea.net\/blog\/imf-world-economic-outlook-forecasts-down\/\" class=\"more-link pen_button pen_element_default pen_icon_arrow_double\">Continue reading <span class=\"screen-reader-text\">IMF World Economic Outlook forecasts down<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[],"class_list":["post-199","post","type-post","status-publish","format-standard","hentry","category-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4hwcd-3d","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/199","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/comments?post=199"}],"version-history":[{"count":0,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/posts\/199\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/media?parent=199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/categories?post=199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.astraea.net\/blog\/wp-json\/wp\/v2\/tags?post=199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}