Global stagnation
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| The world recovery ...is in danger of stalling.
IMF Economic Counsellor, 23 January 2012. |
Global stagnation is generally considered in early 2012 to be a possible short-term prospect, involving a large part of the world economy. Of 30 countries surveyed by the International Monetary Fund, the growth rates of the economies of 20 were classified as "below trend and moderating"; of 8 as "below trend and rising"; and of only 2 as "above trend"[1]
According to the World Bank's economists
- "While contained for the moment, the risk of ... a global crisis, similar in magnitude to the Lehman crisis[2], remains"[3].
The January forecats by the World Bank and the International Monetary Fund continue to show growth in the world economy, but at a significantly lower rate than in their previous forecasts: a difference that they attribute mainly to an increase in the seriousness of the eurozone crisis.
- ↑ Slowing Growth, Rising Risks, World Economic Outlook, IMF, September 2011, Fig 1.4 p6
- ↑ A reference to the Lehman Brothers crash of September 2008, which triggered the Great Recession)
- ↑ Global Economic Prospects, Woorld Bank, January 2012