Business
We’re looking at the glass-half-empty recovery – Sydney Morning Herald
From less-dire global forecasts and earnings from banking giants, the corner appears to have been turned on a disastrous period of economic history. But the ski…
Hours before Singapore reported its numbers, the International Monetary Fund presented a distinctly glass-half-empty view. The lender upgraded its estimates of global growth on Tuesday but was far from enthusiastic about the outlook. World GDP will contract 4.4 per cent this year, the IMF reckons. That’s terrible, but a bit brighter than the 5.2 per cent slide the fund pencilled in a few months ago. The Organization for Economic Cooperation and Development last month made broadly similar upward …
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