Global Growth Can Be Sustained, Says IMF

General trends such as protectionism and aging populations pose more risk to the global economy than the problems of any specific nation, according to the biannual report on the state of the global economy from the International Monetary Fund (IMF). Recent stock-market jitters and the slowing US housing market are unlikely to dampen global economic growth, the IMF report notes. The US slowdown was offset by strong performance in other areas of the world, including Europe, Japan and India. And because China continues to post astounding growth rates of greater than 10% annually, with India close behind, this all suggests stability in economic growth as the global economy becomes less dependent on its largest member. The IMF urges all nations to take advantage of the period of growth and prosperity, by putting their financial houses in order and preparing for the costs associated with aging populations. – YaleGlobal