Thursday 17 October 2013

International Monetary Fund (IMF) paints a bleak picture for the euro zone economy

International Monetary Fund ( IMF ) fee a bleak picture of the economy of the European single currency area , the euro, and its growth opportunities despite positive signs monitoring in a number of countries in the region .
He predicted the fund that in case of deterioration of economic conditions in the region once again fundamentally it becomes necessary to provide mechanisms for additional support for economic growth in the form of reduction of key interest on loans and other measures unconventional as explained Fund on Thursday at the conclusion of the Review Committee, the economic situation in the euro zone .
Fund experts described the economic recovery in the region that is a clear warning of the growing threat of a recession as they talked about the direction of a number of the region 's economies to deflation .
He said that the high rate of unemployment, especially among young people in many countries threatens to damage economic growth permanently.
Moved from : Egyptian seventh day

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