Global Economic Trouble Ahead?

Iffy U.S. profits, a plunging euro, sick stocks in Asia, oil shock everywhere

To listen to the economic forecasters, all is sunny on the global front. The International Monetary Fund, which released its latest projections on Sept. 19, is predicting that the world economy will grow by 4.7% in 2000. That's up substantially from the IMF's last forecast in May and would be the fastest rate in 12 years. The growth acceleration is spread across the entire world, with Europe, in particular, expected to expand at a pace not seen since the 1980s. And the IMF is not alone: Most other forecasters are equally upbeat about growth this year.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.