Saturday, July 12, 2014





IMF warns eurozone of risks to economy


July 25. 2013 12:00PM
Associated Press

Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) The International Monetary Fund is warning the 17 eurozone countries that their economies face a possible severe downturn unless more is done to improve growth and ease political tensions.


In an annual review released Thursday, the Washington DC-based international lending agency says the countries using the euro have gone some way to boosting confidence in their monetary union's long-term viability.


However, "recovery remains elusive" for the region because tensions in financial markets, high borrowing costs for small businesses in the weaker economies and reticence by consumers to spend, the IMF says.


The eurozone economy is forecast to shrink 0.6 percent this year, and the IMF warned "further negative shocks...could severely impact growth."


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds