Despite the Greece crisis, the eurozone is on a moderate growth path according to estimates of the International Monetary Fund (IMF).
After a tepid performance in the last year (0.8 per cent) that is 1.5 per cent, plus this year be in the coming year 1.7 percent, thinks the IMF in its updated World Economic Outlook. However, the crisis in Greece could even “much worse effects” have accepted than in the past. The global economy will put by 3.3 percent this year – especially in the United States, the economy strongly attracts.
IMF Chief Economist Olivier Blanchard has all in all for manageable the economic dangers of Ausscheides of Greece out of the euro. “The rest of the world would survive probably quite well”, he said to journalists on Thursday in Washington.
Specifically, he warned against overestimating the impact of the euro crisis and the stock market crash in China . Blanchard: “please you not to strongly focus on Greece and the events in China!”
Given the dip in growth in the United States at the beginning of the year, the IMF reduced its growth expectations for the global economy this year easily (minus 0.2 percentage points) to below. For the next year will be but an increase of 3.8 percent expected.
For Germany, the IMF expects growth this year with moderate 1.6 percent. 2015 it should be 1.7 percent.
There was much praise for the United States. This year, the world’s largest economy to 2.5 percent grow in the following year even by 3.0 per cent. The recovery in the United States was “very strong,” said Blanchard. The slump at the beginning of the year because of the cold winter, he called “an accident”.
Unclear still, when again attracts your interest rates the fed for the first time. Unless the world economy but not crucial, “If this happens in September or December”.