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IMF Economic Forecast - 10/19/16

The International Monetary Fund is warning that ongoing sluggish global economic growth could bolster the emerging anti-trade backlash that has become a feature of political discourse in both the U.S. and Europe. 

As indicated by writer Landon Thomas, in its October World Economic Report, the Fund forecasts three point one percent global economic growth this year, well below historic norms.  The outlook for growth in developed economies like the U.S. and Japan is just one point six percent compared to two point one percent growth last year. 

The Fund recently slashed its outlook for twenty sixteen U.S. economic growth from two point two percent, which was the standing forecast in July, to just one point six percent.  Emerging economies like India and Brazil are collectively expanded to expand by four point one percent.  Global trade volumes are no longer growing as they once had. 

The volume of world trade has expanded by around three percent a year since twenty twelve, half the growth experienced over the last thirty years.  Still, many around the world blame trade for their national economic issues.  

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.