IMF downgrades world growth, warns of 'precarious' 2020

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious" 2020, the International Monetary Fund warned on Tuesday.

Trade conflicts are undercutting investment and weakening manufacturing, and the IMF urged countries to avoid using tariffs to resolve their differences.

In the quarterly update of its World Economic Outlook, the IMF trimmed the global forecast issued in April by 0.1 percentage point this year and next, with growth expected to hit 3.2 percent in 2019 and 3.5 percent in 2020.

But the report sounded the alarm, saying things could easily go wrong.

https://news.yahoo.com/imf-downgrades-world-growth-warns-precarious-2020-143309185.html

Hungarian prime minister uses Facebook page to ‘unfriend’ IMF, rejects alleged loan conditions

Why would the IMF want to eliminate the bank tax?
I don't see that being in any country's best interest. It actually makes no sense to me.

Hungary’s prime minister has long had a testy relationship with the International Monetary Fund — and on Thursday he used Facebook to unfriend the agency and reject its allegedly tough loan conditions.

Prime Minister Viktor Orban said in a video message on his official Facebook page that Hungary could not accept pension cuts, the elimination of a bank tax, fewer public employees and other conditions in exchange for an IMF loan that other officials have said could be about €15 billion ($18.9 billion).

The IMF’s list of conditions, Orban said,

“

US Ready to Back Bigger EU Stability Fund: Official

http://www.cnbc.com/id/40454469

Them officials in Washington better shut up!
2 million people are falling off of unemployment with no extension left.
Giving up to the IMF again at this point is a humongous bitch slap, that ain't gonna be taken to lightly.
And if that wasn't enough to already think about, here's a little more, just how much less will your dollar buying power now be?


The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.

IMF fears 'social explosion' from world jobs crisis

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/8000561/IMF-fears-social-explosion-from-world-jobs-crisis.html

Oh looky there, another eye opening wisdom spewed from another extension of the world government's money sucking leech.
The one that won't stop until we're bled out.

America and Europe face the worst jobs crisis since the 1930s and risk "an explosion of social unrest" unless they tread carefully, the International Monetary Fund has warned

"The labour market is in dire straits. The Great Recession has left behind a waste land of unemployment," said Dominique Strauss-Kahn, the IMF's chief, at an Oslo jobs summit with the International Labour Federation (ILO).

Sovereign debt tops IMF worries

http://www.telegraph.co.uk/finance/economics/7611787/Sovereign-debt-tops-IMF-worries.html

But we saved the banks, this is just a little fly in that ointment.


Spiralling sovereign debt in Europe, the US, and Japan has emerged as the top threat to the world economy and risks setting off a fresh financial storm, the International Monetary Fund has warned.

IMF calls for new body to save taxpayers from burden of failing banks

http://www.guardian.co.uk/business/2010/mar/19/imf-save-taxpayers-failing-banks


Dominique Strauss-Kahn of IMF says new body would force shareholders and creditors to bear costs of bank failure


The International Monetary Fund has called for a European "fire brigade" funded by the finance industry to deal with the collapse of banks that operate in several countries.

Managing director Dominique Strauss-Kahn urged the European Union to create a European resolution authority to deal with insolvent banks that would force shareholders and uninsured creditors – rather than taxpayers –to bear the costs of failure. The authority would be funded by the financial industry from deposit insurance fees and levies on institutions, he said.

"What I think is needed is a European resolution authority, armed with the mandate and the tools to deal cost-effectively with failing cross-border banks – an ex-ante [before the event] solution to the problems that currently hamper co-operation in crisis situations, rather than an ex-post one," Strauss-Kahn told a conference in Brussels today.

"It should cover at least the major cross-border banking groups, as well as all banks running large-scale cross-border operations under the single passport."

It sound all good until I read this
That government burden sharing is more taxpayer funding

The system would need access to a fiscal back-up mechanism, he said, with a mechanism of burden-sharing between governments.