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2001-11-16
One good thing about US growth dropping to 0.7 % is
that the demand and production of goods and services in FFU will also
decrease. Hopefully, this will translate into a long term decrease in
products made to FFU and be a stimulus for metric products and
services.
John
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INTERNATIONAL MONETARY FUND ALARMED
The International Monetary Fund (IMF) released its updated forecast of the world�s economic growth for next year. In 2002, the combined Gross National Products of the world�s nations will increase only 2.4%, a drastic reduction of earlier calculations. The United States lingers on the brink of recession with an estimated drop from 2.2% to 0.7% of its National Product in 2002. Japan is also in critical condition with a forecast of 1.3% Gross Domestic Product. Estimated growth figures of the twelve Eurozone countries equal those of the entire European Union and are expected to fall from 2.2% to 1.4%. |
