Washington (APA / AP) – The chief economist of the International Monetary Fund (IMF), Olivier Blanchard, has warned of turmoil in the financial markets in a failure of the debt negotiations with Greece. “A Greek crisis can not be ruled out – it would be an event that could shake the financial markets,” Blanchard said. In its economic forecast, however, the IMF does not expect.
IMF chief Christine Lagarde had also recently emphasized that the euro zone is much better prepared for such a crisis. For Greece, the IMF expects growth of 2.5 percent this year and 3.7 percent 2,016th
The Europeans must do more to stimulate the economy, warns the IMF. The euro zone has to adjust to a weak long-term economic growth, according to the IMF. While the economy in the region have recently recovered, but in the future there is currently little prospect of further improvement, according to the latest IMF forecast for the global economy.
In the short term increased the IMF However, its forecast for the euro zone. For this year, the IMF expects growth of 1.5 percent in the coming year it will be 1.6 percent. 2014 had only increased by 0.9 percent, the economy, the year before the currency area was still in recession.
Like the other major economies have the euro zone surprisingly benefited from the low oil prices, said the IMF. The interest rate cuts by the European Central Bank would also have a positive effect. A distinctly claims inflation dollars have also helped the export sector. Products from the euro area will become cheaper in major markets like the US. The increased sales opportunities.
Even euro countries such as Greece, Spain, France and Italy recorded according to the IMF in 2015 and 2016, a considerable increase in the gross domestic product. Almost everywhere in the euro zone would decrease unemployment.
The term yet subdued growth outlook was established by the IMF, especially with the recent euro debt crisis. Many euro countries and households continued to fight with high debt levels. Investors are still pessimistic and did not dare to use their money. Also flowed loans continue to slow, because the banks were overall not stable enough from contaminated sites in the balance sheets. There would also be uncertainties due to crises such as Russia, Ukraine or the debt dispute with Greece.
“The expectation of lower growth potential weakens already investments,” said IMF chief economist Blanchard. Therefore, the IMF requires, among other things, more public investment to increase the opportunities for growth in Europe. This creates new jobs would be created that would attract citizens the chance to consume more and repay their debts and inflation would.
~ ~ WEB http://www.imf.org APA490 2015-04-14 / 16: 23
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