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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Henry Volquardsen who started this subject	1/12/2001 4:39:03 AM
From: friverola	of 3536

IMF warns of slowdown (BBC News) fxstreet.com The head of the International Monetary Fund has warned that the US economy will slow significantly in 2001, dragging down growth in the rest of the world. Hans Koehler says that the US recession will be a "short, shallow decline" but that talk of a soft landing may be overdone. He added that "the soft landing will be as soft as you may like - it will be bumpier." The IMF is predicting that economic growth in the US will slow to 2.5% this year, compared to more than 5% in the first half of 2000. And that could slow global growth by more than 1%. However, other forecasters are more pessimistic about the US. A recent survey of US business economists said that they were predicting a growth rate of just 1.9% in the first quarter of the year. Fears about a US recession led the US central bank, the Federal Reserve, to cut interest rates by 0.5% last week. And the incoming Bush adminstration is considering accelerating its planned tax cuts to help stimulate the economy. fxstreet.com

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