China will overtake the U.S. economically in just five years, according to the latest International Monetary Fund (IMF) forecasts. On MarketWatch, the Wall Street Journal’s Brett Arend reports that new IMF data indicate that the rise of China as the world’s number one economic superpower will take place in More…
This week’s report that the S&P index has cut its outlook on America’s credit future from “stable” to “negative” was clouded by questions of the index’s credibility. But a more objective voice has entered the fray to underscore the S&P’s analysis.
Olivier Blanchard, chief economist for the International Monetary More…
Yesterday, the International Monetary Fund released a report on the world economy, revising upward its predictions for U.S. economic growth while lowering its projections for many Western European countries. It also cautioned that the global recovery is imperiled due to the sovereign debt crises in Europe:
Downside risks have
With Republicans in the House objecting to the $96.7 billion war supplemental to pay for the Iraq and Afghanistan wars due to its provisions funding the International Monetary Fund, antiwar progressives realized late last week that if they keep 51 Democrats who voted against an earlier version of the supplemental More…
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