The IMF have prepared a report for the G20 meeting of finance ministers and central bankers in Australia this coming weekend:
- Said in a report it still expects economic growth will pick up in the second half of 2014
- Warned that financial market indicators suggested investor bets funded with borrowed money looked “excessive” and that markets could quickly deflate if there were surprises in U.S. monetary policy or the conflicts in Ukraine and the Middle East
- “New downside risks associated with geopolitical tensions and increasing risk taking are arising.”
Pardon me for being underwhelmed.