BREAKING NEWS

BREAKING NEWS

Good recovery news from the IMF, but job worries persist for the ILO

Now Reading:

Good recovery news from the IMF, but job worries persist for the ILO

Text size Aa Aa

The big news of the week in the financial world was that the International Monetary Fund has raised its forecast for the global economy.

It says the financial system is slowly healing, mostly thanks to growth by the United States and other advanced economies.

Even Europe is starting to pick up, but the IMF has warned that falling prices – with the spectre of deflation – threaten to stall the weak recovery.

As well as the deflation risks, the eurozone’s jobless total are also way too high.

The International Labour Organisation says it is worried about that, and the hundreds of millions of people out of work worldwide.

We also check out China’s economic strategy in this edition of Business Weekly.