The International Monetary Fund (IMF) has downgraded its global growth forecast for both this year and next, highlighting among other things, the threat of weakening demand in the Eurozone and a slide into deflation. This comes after consumer price growth in the eurozone slipped again in September, coming in at just 0.3 percent….
There’s absolutely no sign of growth in the Euro region. France is stagnant, Italy is back in recession, and even the German economy, once the pillar of the Eurozone, shrank in the second quarter. German industrial output fell by 4 percent in August, with the worse-than-expected drop coming a day after the country’s industrial orders had their largest monthly decline since the global financial crisis in 2009.
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