Dark Economic Cloud Over IMF-World Bank Meeting

by AFP
DailyMail

Worries that the global economy is nearing a stall made worse by the specter of ‘”Brexit” cloud the air as the world’s finance chiefs gather in Washington beginning Thursday for the IMF-World Bank Spring meetings.

Finance ministers and central bankers will be greeted with dire warnings that if they do not take immediate action to boost growth and consumption, the world risks slowing to the point that recession is possible.

The IMF opened the week by cutting its forecast for world economic growth for the third time in six months, saying growth has been “too slow for too long.”

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