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Anorak | We’re All Screwed, Aren’t We? IMF Warns Of The Danger Zone

We’re All Screwed, Aren’t We? IMF Warns Of The Danger Zone

by | 21st, September 2011

ARE we screwed? Growth’s in the toilet, countries are going bust left right and centre and they’re going to take the entire banking system down with them and…..well, no, hang on a minute. Have a look at this one little statistic :

Things aren’t looking that great for the rest of the world either. There isn’t a single upward revision to be seen, and global growth has been revised from 4.3pc to 4pc.

Now yes, we’re wondering whether the UK economy is going to grow at all this year, the US might manage 1% growth and Greece has shrunk by 5% (or if we use the usual Greek attitude to economics statistics, elebenty percent) but global growth is carrying on at 4% ish.

Which means that not everything is a dsaster, that in general

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Posted: 21st, September 2011 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink