FINANCIAL TIMES: The US is the brightest spot in the world economy, as another global recession threatens, according to the latest Brookings Institution-Financial Times tracking index...
The financial markets, however, have remained relatively strong, with the financial component of the index recording its strongest position since June 2011…
The deterioration in hard data and sentiment has forced economic forecasters to lower their estimates of growth this year and next. A leak of the detailed IMF forecasts, to be published on Tuesday, showed the fund revising down its 2012 global growth forecast to 3.3 per cent from 3.4 per cent in July, and shaving another 0.3 percentage points off its July forecast of 3.9 per cent for 2013… (more)
