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- 01: Daren 21/07/21 10:35 998.q96mZpSyg
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</a> No one should act surprised that the IMF has cut its world growth forecasts for this year and next, because it has been doing so since 2011. Old economic models do not work in the New Normal and must be adjusted. Until this happens, these numbers will continue missing to the downside. At the present time, overstating economic growth is working out well for the IMF as it makes unsustainable sovereign debt loads seem reasonable so that it can continue wasting money on various Eurozone bailouts. Now let’s have a little fun. If anyone finds the last time the IMF succeeded in predicting a worldwide recession, please post the link in the comments. I won’t hold my breath.
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