Fox Business - The Power to Prosper
Search Site

Olivier Blanchard

IMF Lifts Europe, U.K. Growth Forecasts; Warns Of Deflation

The International Monetary Fund has become more upbeat on the growth prospects for Europe and the U.K. and on Tuesday lifted its gross-domestic-product forecasts for both regions. In its World Economic Outlook report, the IMF said it now expects growth in the euro area of 1.2% in 2014 and 1.5% in 2015, up from a January estimate of 1% and 1.4% respectively. For the U.K., the organization raised its GDP projections to growth of 2.9% from an earlier outlook of 2.4%. The IMF said the economic improvement in the euro zone should continue as "a strong reduction in the pace of fiscal tightening from about 1% of GDP in 2013 to 0.25% of GDP is expected to help lift growth." Low inflation remains the dominant concern, however, and the fund estimated that the risk of deflation is at about 20%. "Adjustment and recovery in southern euro countries cannot be taken for granted, especially if euro-area wide inflation remains very low or even, worse, turns to deflation, making the task of reestablishin...

Read More

  1. IMF's Lipton adds pressure on UK to change economic course

    A senior IMF economist added pressure on Britain's finance minister George Osborne on Saturday to slow the pace of his deficit-cutting program to take into account t...

  2. Gold and Silver Post Modest Rebound, IMF Warns About Global Growth

    On Tuesday, gold ( NYSEARCA:GLD ) futures for June delivery, the most active contract, gained $26.30 to close at $1,387.40 per ounce, while silver ( NYSEARCA:SLV ) f...

  3. IMF Official: U.S. Standing in its Own Way

     The U.S. economy would likely grow as much as 2 percentage points higher this year if the government were not tightening fiscal policy, a top International Monetary...

  4. Analysis: Growth stumble, jobs funk beg for new policy tilt

    As western economies hit another pothole in their stuttering post-crisis recoveries, pressure to step up economic policy intervention to tackle entrenched unemployme...

  5. Fed waits for job market to perk up

    The Federal Reserve's ultra-loose monetary policy is a root cause of the "currency wars" that some see as a looming threat to the world economy, but don't expect the...

  6. IMF's Blanchard Downplays Talk Of Currency War

    Talk of a global currency war in the wake of the Bank of Japan's new policy steps is inappropriate, said Olivier Blanchard, the chief economist of the International ...

  7. IMF's Blanchard Says Markets May Be Too Optimistic

    Global financial markets may not be pricing in enough risk about the prospects for the world economy, said Olivier Blanchard, the chief economist of the Internationa...

  8. IMF urges aid for Italy, Spain but Rome baulking

    The International Monetary Fund called on the eve of a European Union summit for both Spain and Italy to seek euro zone assistance to draw a line under the bloc's de...

  9. IMF warns global economic slowdown deepens, prods U.S., Europe

    The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that ...

  10. IMF Says Global Slowdown is Worsening

    The IMF said the global economic slowdown is worsening as it cut its growth forecasts for the second time since April and warned U.S. and European policymakers that ...

  11. IMF cuts global growth forecast; prods Europe, U.S.

    The IMF cut its global growth forecast on Tuesday for the second time since April and warned U.S. and European policymakers that failure to fix their economic ills w...

  12. IMF Cuts 2012, 2013 Global Growth Forecasts

    The International Monetary Fund on Tuesday revised down its projections for global growth for this year and next, citing lower growth prospects and higher risks. The...

  1. IMF Upgrades U.K. Economic Growth Forecast To 2.4%

    The International Monetary Fund on Tuesday lifted the 2014 growth forecast for the U.K., saying activity in the country has been buoyed by easier credit conditions a...

  2. IMF Brightens U.S., Global Economic Outlook

    The International Monetary Fund raised its global growth forecasts for the first time in nearly two years on Tuesday amid rising demand and inventories in advanced e...

  3. IMF Sees Complex Capital Flows From Fed Taper

    There will be "complex capital movements across countries for some time to come" as the Federal Reserve continues to taper its bond purchases this year, said Olivier...

  4. Bernanke: Bank Bailout Alternatives Crucial

    Federal Reserve Chairman Ben Bernanke said on Friday that there was still an "awful lot of slack" in the U.S. labor market, but cautioned that economic data did not ...

  5. Obama: Get to Work Before It's Too Late

    President Barack Obama turned up the political pressure on Republicans on Tuesday, saying he would be willing to negotiate on budget issues only after they agree to ...

  6. IMF: U.S. Default Could Cause Recession

    The International Monetary Fund trimmed its forecasts for global output on Tuesday for the sixth time since early last year, saying stronger growth in most advanced ...

  7. Analysis: Europe's austerity-to-growth shift largely semantic

    To listen to some European leaders, especially in France, you would think the era of austerity was over and the euro zone was going full steam ahead to revive econom...

‹ Prev1234Next ›
Freebase CC-BY
Source: Olivier Blanchard on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL