IMF 2014 Triennial Surveillance Review Post author By Philip Lane Post date October 7, 2014 Documents here. Categories In Uncategorized 2 Comments on IMF 2014 Triennial Surveillance Review ← Central Banking Boundaries → Hugh Rockoff on what the US learned from WW1 2 replies on “IMF 2014 Triennial Surveillance Review” Euro area growth is predicted to be 0.8% in 2014, rising to 1.3% next year. Japan’s high level of public debt and ageing population mean it will grow by less than 1% in both years, the IMF said. Blanchard said there was a possibility that ultra-low growth in the euro area could turn into deflation, a period of falling prices that would make debts more expensive to service. “This is not our baseline (forecast), because we believe euro area fundamentals are slowing improving. But should such a scenario play out, it would be the major issue confronting the global economy.” http://www.theguardian.com/business/2014/oct/07/imf-economic-growth-forecasts-downgraded-crisis “But should such a scenario play out, it would be the major issue confronting the global economy.” Q1 US GDP contracted by an annualised 3% due to the Arctic vortex AKA climate change. I think that’s more significant than the EZ situation which can always deviate from the current path if certain people are given the right instructions. Comments are closed.