More gloom gathers over the world economy

Financial Times/Editorial Board/4-12-2019

“When ministers last gathered at a meeting of the International Monetary Fund, in October, there appeared to be good momentum behind a recovery, although some wobbles in the global economy were provoking concern. Six months later, the picture is considerably gloomier. The economies of the EU, the US and China are all looking weak, and the discussion is increasingly about engineering a soft landing rather than stopping growth flying too high.”

USAGOLD note:  It is amazing how quickly things have changed.  Bloomberg reported over the weekend that “[t]he International Monetary Fund warned governments not to rock the boat with trade wars and other disruptions at a time when the global economy is already sailing through choppy waters.” Such warning, it seems, are likely to fall on deaf ears. . . . .

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