World Pensions Council director Maher Nicolas Firzli live-comments the IMF’s revised growth outlook for the world economy in an exclusive interview with Maya Hojeij on Asharq News with Bloomberg
“US resilience, driven by high tech consumerism and modern infrastructure spending, is quite remarkable: a testament to corporate America’s nimbleness in times of trouble, and, also, a sign that Biden’s brand of Colbertist protectionism (Bidenomics) may be working” …
The IMF sent a “thinly veiled warning to both Europe and the UK” …. DE and EU-core nations appear “unable or unwilling to churn-out decent industrial growth, and the seeming stagnation may well turn into a full-fledged slowdown in the coming quarters, with Germany, as it were, dragging down neighboring Holland, Belgium, Luxembourg and France into a catastrophic recession at the worst possible time” (EU elections in June 2024).
Surprisingly to some in Brussels and Berlin, the International Monetary Fund also raised its growth outlook for the Russian Federation, casting a cloud over the EU’s inoperative “sanction packages” …