Sizes IMF estimates on Italian GDP, and Global: global growth “disappointing” – Il Sole 24 Ore

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This article was published April 12, 2016 at 15:07.
the last change is the April 12, 2016 at 15:20 hours.

FRANKFURT – global growth was “too low for too long”, and proceeds to a rhythm “disappointing.” So the chief economist of the International Monetary Fund, Maurice Obstfeld, in presenting the Washington organization forecasts, which have been filed down for the umpteenth time.

Last week in Frankfurt, the Director of ‘IMF, Christine Lagarde, had called for a strong policy response by the authorities and stressed the growing risks. The examination of the global economic situation will be the first issue on the agenda of the IMF and World Bank spring meetings, in addition to the G-20, which collects the major industrial economies and the major emerging countries, this week in Washington.

The IMF economists have removed some decimal to global growth, which will stop at 3.2% this year and 3.7% next year, to that of the euro area (1, 5 and 1.6% respectively) and the US (2.4 and 2.5%). Italy will grow in 2016 and 1% in 2017 to 1.1%, in both cases, below the government forecast, contained in Def presented last week. For this year, the IMF cut its estimates on Italy by 0.3% compared to those advanced in January and 0.1% for next year.

At the global framework also weigh the slowdown in China, 6.5% in 2016 and 6.2% in 2017, one of the major sources of concern, and the recession in Brazil and Russia, in addition to the difficulties of the petroleum exporting countries.
In presenting the new figures, Obstfeld pointed out in particular the risks from financial markets, which have already seen two episodes of severe turbulence since last summer, with high volatility could impact the real ecponomia, and geopolitical risks, the refugee crisis, the output capability of Britain from the European Union, global opposition to economic integration and globalization.

the IMF calls for auitorità They act first of all strengthening growth. Obstfeld, as Lagarde in recent days, has supported the monetary stimulus by central banks, where there are deflationary pressures. The topic is controversial, especially in Europe, where the German Finance Minister, Wolfgang Schaeuble has harshly attacked the European Central Bank. The Fund also insists that monetary policy should be supported by fiscal policy and structural reforms. “There’s not much room for mistakes,” said the chief economist of the institution of Washington.

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