European Economy
While cutting the growth outlook of the global economy, Chief Economist of the International Monetary Fund (IMF) Olivier Blanchard said yesterday, “…the main challenge is very much in Europe.” (Source: “IMF Cuts Global Growth Outlook as Europe Demand Urged,” Bloomberg, April 16, 2013.) Blanchard showed further concerns regarding…
With German Chancellor Angela Merkel visiting Greece this week, many eyes are turning back to this southern nation within the eurozone and wondering…has anything really been resolved? Since the financial crisis began in Greece, there have been many pundits discussing how best to avoid contagion to the rest…
China may be heading for a hard landing. The country’s second-quarter gross domestic product (GDP) growth could falter to below an annualized seven percent should activity not pick up, according to the China Center for International Economic Exchanges. Of course, the crisis in Europe and the eurozone is…