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IMF: “The world economy is in uneasy calm”
Elsayed Solyman Published in Bikya Masr on 17 - 04 - 2012

CAIRO: The International Monetary Fund said on Tuesday that the global economy is in an “uneasy calm”, predicting low growth, especially in debt-troubled Europe.
“There is a feeling that things could get very bad again. That pretty much shapes our forecast,” IMF chief economist Olivier Blanchard told reporters.
“Our baseline forecast is for low growth in advanced countries, especially in Europe, but with downside risks being extremely present.” He added.
African nations will grow by 5.4 percent in 2012, the IMF said in its bi-annual world outlook report, pushed by oil exports, high commodity prices, and increased trade with China.
The report has predicted steady growth for Russia of 4.0 percent after 4.3 percent last year and 5.9 percent for fellow leading energy exporter Kazakhstan.
Regarding Middle East and Gulf countries, IMF predicted a stumble in their economic growth due to the Arab spring.

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