blog 5; I.M.F Praises central Banks

I.M.F. Praises Central Banks, but Sees Slowing Ahead

I.M.F. managing director, Christine Legarde, speaks on the progression of the world in economic terms.  She is announcing the cut in the previously estimated growth rates in the U.S. as well as in the euro zone.  The central banks have still played a helpful role in helping global recovery, but these countries haven’t made quite the climb that was predicted.  The original predictions were 3.5 percent in 2012 and 3.9 in 2013 but will be reanalyzed with a joint meeting of the World Bank and the IMF in Tokyo next month.  Legarde made sure to point out that the ideas of raising taxes and cutting spending in the U.S. by their political leaders wasn’t a wise one, and impact the world, not just the U.S. alone.  

The economy of the world has reached it’s highs and lows in every country.  Before there were organizations such as the world Bank and the I.M.F the world took a longer time to recover from economic fall.  These organizations have helped countries climb out of depressions and helped them in recessions.  The worlds top economist have used their knowledge to predict outcomes of countries leaders plans for attack.  The U.S. and the euro zone have been trying to recover for years now.  The feedback that world leaders like the managing director of the I.M.F. Christine Legard have can help to save challenged countries, like the U.S. from making matters worse.  It is clear that countries need assistance from others that are looking from the outside in and have the expertise to guide in the right direction and steer away from the bad decisions.  Its a bit startling that these experts have suggested that the plans from the political leaders in the U.S. should sit back and reanalyze their ideas.  Are they going to take this advice and alter their ideas for recovering the countries economic stand?  The future is in the hands of these leaders that the citizens have allowed to be in control and make those decisions.  azxaw1

http://www.nytimes.com/2012/09/25/business/imf-sees-economic-deterioration-ahead.html?_r=1