Those projections are a joke. The IMF often makes mistakes about predictions because their fundamentals are all wrong. Argentina’s case is an example, without the US constantly bailing out Argentina, they can’t control inflation, simply because Argentina doesn’t have a dollar superavit in their economy, no matter how much social spending is cut from government budget.
Those projections are a joke. The IMF often makes mistakes about predictions because their fundamentals are all wrong. Argentina’s case is an example, without the US constantly bailing out Argentina, they can’t control inflation, simply because Argentina doesn’t have a dollar superavit in their economy, no matter how much social spending is cut from government budget.
Yes, I thought that was seriously underestimating the power of destruction leading the West, but I am not an economist, so…
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