Via Bloomberg:
Risks to the global economic outlook have “risen significantly” and policy makers have limited room to provide support to growth, International Monetary Fund Deputy Managing Director Naoyuki Shinohara said.
Most advanced economies are experiencing a “subdued” recovery, Shinohara said in a speech in Singapore today. “A key concern is that the room for continued policy support has become much more limited and has, in some cases, been exhausted.”
Uncertainties:
1. The Sovereign debt crisis in Europe
2. UK government's challenge of cutting the fiscal deficit
Early this morning Federal Reserve Chairman Ben Bernanke commented on the promising signs of the U.S. economic recovery, though he stated inflation concerns exist. I believe the inflation rate is still in check. The FOMC will not take actions until the Committee finds more evidence.
Liz T. Liu
Summer Analyst
Analyze Capital LLC
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