Housing Recovery Stalls, Consumer Prices Drop Sharply, Investors Sell Stocks For Metal Loss, And IMF Slashes Growth Forecasts All Around The World… Is There More Liquidation To Come? Will What Happened To Gold Happens To Stocks Next? Will Gold Prices Continue To Head Lower?
April 16th, 2013
IMF Slashes Growth Forecasts All Around The World
The IMF has reduced its world growth forecast for 2013 to 3.3% from 3.5%, according to the agency’s latest release.
Practically no one was safe.
Euro-area outlook was cut to -0.3% from +0.1%.
U.S. growth was slashed -0.2% to 1.9%.
China was cut to 8.0% from 8.1%.
Russia was cut to 3.4% from 3.7%.
IMF lowers world, U.S. growth forecasts
Housing Starts Surge Due To Rental Housing Construction, Permits Miss Even With Seasonal Distortion
The Terrifying Reality of Long-Term Unemployment