IMF: Global economic recovery 'weakening'

-

The International Monetary Fund (IMF) has warned again of a weakening global economic recovery despite government efforts to stimulate growth.

The global economy is likely to grow at a slower rate than previously forecast over the next two years, the organisation said in its latest report.

It said it now expected the eurozone to remain in recession in 2013, having previously predicted growth.

The IMF said continued problems in the eurozone were weighing on the global economy.

"The euro area continues to pose a large downside risk to the global outlook," the IMF report said.
  
The eurozone's economy is now forecast to shrink by 0.1% this year. Just three months ago the IMF had forecast 0.2% growth.

Read More: BBC News

Comments

Post a Comment

Popular posts from this blog

Huge Japan Quake Cracked Open Seafloor

-
The March 2011 megaquake off the coast of Japan opened up fissures as wide as 6 feet (3 meters) in the seafloor, a new study finds. The fissures now scar the seafloor where peaceful clam beds once lay, according to Takeshi Tsuji, a researcher at Kyoto University in Japan . Along with seismic studies, the fissures, revealed by manned submersible vehicles that investigated the seafloor after the quake, show how the crust around the quake's epicenter expanded and cracked.
Read more

Index for a million documents on Polish Jewry to go online

-
Researchers of Polish Jewry are set to gain online access to more than 1 million new documents following an agreement signed by the Polish State Archives. Under the agreement signed last week, Jewish Records Indexing-Poland will receive indices to the documents from the Polish archives authority and place them on the website of the online database within one year, a JRI-Poland statement read.
Read more

A lot of the bread in the US will no longer be kosher

-
The largest baking company in the United States will be removing kosher certification from nearly all of its bread and rolls. Bimbo Bakeries USA confirmed to JTA that it will be removing the certification. The company produces brands including Arnold, Sara Lee, Stroehmann, Freihofer’s and others. Two of its major brands, Entenmann’s and Thomas, will remain certified kosher. So, kosher eaters, your crumb doughnuts and English muffins are still safe. A couple of rye breads also will retain their certifications. “Removing the kosher certification from some of our products was strictly a business-process decision to enable more efficient operations, and it was one we did not make lightly,” Bimbo said in a statement. “Thomas’ and Entenmann’s products as well as Arnold’s and Levy’s Rye Breads will remain kosher-certified. It is important to note that we have heard our consumers’ concerns and are working with kosher certification organizations and discussing alternative solutions.” The c
Read more