Germany Cuts 2012 Economic Growth Forecast And Export Outlook

Posted By on January 18, 2012

IMF: 2 Year “Funding Gap” Hits $1 Trillion

  • IMF SAID TO SEE POTENTIAL 2-YEAR FINANCING GAP AT $1 TRILLION
  • IMF SAID TO SEEK RAISING LENDING RESOURCES BY $500 BLN

Fed Officials Open to Additional Easing as They Monitor Risks to Economy

Federal Reserve officials are staying open to further monetary easing this year as they monitor risks that threaten to move the economy further away from their mandate for stable prices and full employment.

Among the possible triggers for action, according to Ethan Harris, co-head of global economic research at Bank of America Merrill Lynch in New York: a slump in U.S. gross domestic product caused by a European recession, a more rapid slide in U.S. inflation than anticipated, and deteriorating U.S. payroll growth.

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