IMF chief warns of a 'lost decade' for global economy

[Lazie]

The head of the International Monetary Fund, Christine Lagarde, has warned that the global economy is at risk of being plunged into a "lost decade".
Ms Lagarde said the ongoing debt crisis in Europe has resulted in an uncertain outlook for the global economy.
The IMF chief added that whilst efforts to solve the crisis were heading in the right direction, more needed to be done to restore confidence.
Speaking in China, Ms Lagarde called upon Beijing to rebalance its economy.
"Our sense is that if we do not act boldly and if we do not act together, the economy around the world runs the risk of downward spiral of uncertainty, financial instability and potential collapse of global demand," she said.
"We could run the risk of what some commentators are already calling the lost decade," Ms Lagarde added.

More at http://www.bbc.co.uk/news/business-15649985

[Lazie]

... at times I wonder how many of my fellow countrymen are paying attention to global trends.

[Muadib]

well that seals it.. drought management required.. PNP haffi siddung fi at least 10 years..

[Lazie]

"Successive budgets from 2008, 2009 and 2010 were all unrealistic in terms of their expenditure and income projections and then they were forced, because of those things, to move back into a borrowing relationship (with the IMF)," Robinson stated.


Can we get a serious debate on the economy between both parties? If they didn't go into an arrangement with the IMF, what would they have done then?

[Muadib]

Julian ah mi bredrin.. but why him have di politics ting ah mek him chat suh much manure ?

..and him not even smiling...

ah bwoy..

[Gamma]

once noble chiron ... seet deh ... maudib MUST be a comrade because him have comrade bredrin! outed at last maudib!