Sluggish global
growth threatens to keep governments around the world from being able to
pay pensions and bondholders, the chief economist of the Organization
for Economic Cooperation and Development said Wednesday.
The
OECD, representing mostly advanced economies, has lowered its forecast
for worldwide economic growth to 3 percent this year from the 3.3
percent it estimated in November. When growth is weak, governments
collect less revenue and struggle to pay pensioners and meet all their
debt payments.
"These kinds of numbers mean we
are not going to make good on these commitments," Catherine Mann, the
group's chief economist, told reporters.
Hints of more QE fill the air. Yellen basically came out yesterday and told you " BUY STOCKS "
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