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Tuesday, March 08, 2005

IMF: Global economy too dependent on US, China

The International Monetary Fund (IMF) believes that the global economy is too dependent on growth in the United States and China. They are also saying that the Eurozone that was suppose to counterbalance these two growth zone faces problems of its own and won't be able to live up to expectations.

I am wondering how this view of the IMF is actually turning out when India and Brazil keeps emerging. Wasn't there the talk earlier last year that those three zones are the growth centers in the 21st century? In addition - wouldn't it be more useful to keep hammering at those nations that don't deliver, instead of commenting on those that turn out to be the engine of growth for the world economy?

(By Asia Business Consulting)