IMF

Global growth forecast – graphic of the day

The International Monetary Fund raised its forecast for global growth for the first time in nearly two years. Today’s graphic shows the growth forecasts for the world economy and a selection of advanced and emerging/developing economies.

global growth

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Cyprus bailout deal – graphic of the day

Cyprus clinched a last-ditch deal with international lenders to shut down Popular Bank (Laiki), the country’s second-largest bank, and inflict heavy losses on uninsured depositers in return for a €10 billion ($13 billion) bailout. The EU and IMF required Cyprus to raise €5.8 billion from its own banking sector towards its own financial rescue in return for a €10 billion international loan. Today’s graphic breaks down the controversial Cyprus bailout deal.

Cyprus

Economics Professor Simon Johnson

Simon Johnson, an economics professor and former International Monetary Fund counselor, says JPMorgan CEO Jamie Dimon should leave the New York Federal Reserve board if he wants the Fed to again become a bastion of stability.

Calls to reduce Medicare are misguided. If the government cuts it, all Americans ultimately will pay more for healthcare.

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Follow the conversation on Twitter at #AspenIdeas.

Reuters TV Roundup

Today was an extremely busy day over at Reuters TV. Here’s a roundup of all the videos that were posted.

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Rough Cuts

After Hosni Mubarak received a life sentence for his role in civilian deaths during the country’s revolution, protesters marched on Tahrir Square in central Cairo.

Warren Buffett, speaking to the Economic Club of Washington, said he believed the chances of a U.S. recession were very low.

Fast Forward

On the other hand, Wilbur Ross, CEO of WL Ross & Co, explains why he thinks the U.S. is headed for recession.

Breakingviews

Breakingviews columnists discuss the implications of Governor Scott Walker’s recall election victory for November’s presidential election

Decoder

Recent oil price dips are a short term phenomenon and will have no impact on Royal Dutch Shell’s spending plans, says CEO Peter Voser.

Ben Bernanke still has plenty of options in the Fed policy arsenal — from a new twist on Operation Twist to all-out QE3. Reuters Fed correspondent Mark Felsenthal explains.

Freeland File

Reuters Global Editor Chrystia Freeland caught up with IMF Chief Christine Lagarde at a conference in Riga, Latvia.

 

 

Greece Elections – Graphic of the Day

Greece will be holding a snap election on May 6th to decide who will steer the country through tough austerity. The last polls published on April 20th showed the ruling coalition, the only 2 major parties that back the EU/IMF bailout plan, could just gather enough votes to form a coalition government. Today’s graphic looks at the current layout of the Greek government and the latest opinion polls broken out by party.

IMF Forecast – Graphic of the Day

Global growth is slowly improving as the US recovery gains traction and dangers from Europe recede, but risks remain high and the situation is very fragile. Today’s graphic lists GDP growth forecasts by the International Monetary Fund for a variety of major countries. Do any of these projections surprise you?

Greece’s Second Bailout – Graphic of the Day

The euro zone’s temporary bailout fund, the European Financial Stability Facility (EFSF) will contribute 109.1 billion euros to the second Greek bailout after covering the costs of the Greed debt swap, the EFSF’s chief executive Klaus Regling said. The graphic below shows how the contributing funds will be broken up and shows the preliminary funding plans for Portugal and Ireland.

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IMF Forecasts – Graphic of the Day

The euro zone debt crisis is escalating and dragging down the world economy, the International Monetary Fund said on Tuesday, as it sharply cut its outlook for global growth and called for policies to restore confidence. The graphic below shows the latest projections of the world economic outlook and how they compare to September’s projections.

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IMF Forecasts – Graphic of the Day

Leading into this weekend’s meeting, the IMF warned that European officials are lagging in addressing their debt crisis, adding additional concerns that Europe and the U.S. could slip back into recession. Today’s graphic looks at the IMF forecasting the world economic outlook. See how projections have changed since June of 2011 in the chart below:

As a bonus, watch the video below, which provides some insight from IMF chief economist Olivier Blanchard: