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Still under the impact of a harsh winter, the International Monetary Fund (IMF) estimates that the U.S. economy will grow no more than 2% over 2014. The organization’s previous estimate was 2.7%. This latest report, released Monday, even downgrades forecasts for the Federal Reserve, and highlights structural weaknesses in the largest economy in the world due to a weak labor market, the impact of poverty, fiscal policy and poor ...Read full article...
By LUIS MIRANDA | THE REAL AGENDA | JUNE 29, 2012 Everyone on the main stream seems to believe that the continuous meetings between European central bankers and government officials are seeking to save the Euro and to help the governments deal with their sovereign debts. It is common to hear on television how journalists and so-called analysts explain that their expectations include the proposal of real solutions to ...Read full article...
CNNMoney February 11, 2011 The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency. The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system. SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange ...Read full article...