7 October 2014   2 comments

The International Monetary Fund (IMF) has issued its economic outlook for 2015 and its predictions for global economic growth next year have been lowered from 4% to 3.8%.  The drop does not sound like much, but it is rather serious given the slow growth of recent years.   Indeed, the Director of the IMF, Christine Lagarde, calls the projection a warning of the “New Mediocre.”   The IMF believes that growth in Europe, Brazil, Russia, and China will slow considerably next year, offset slightly by higher growth in the US.

The protests in Hong Kong appear to be winding down.  Discussions between the government and the protesters are ongoing, but very little is known about whether any progress is being made.  The protesters seem to have accepted the fact that their point has been made, but also realize that continuing the protests would lead to a loss of support within the larger Hong Kong population as the disruptions begin to take a toll socially and economically.  The open question is what will happen if the negotiations prove to be unproductive.

Kim Jong-eun has still not emerged from his long absence from the public eye.  He has not been seen since 3 September and rumors are beginning to swirl.  The rumors have been stimulated by the visit of North Korea’s Nos. 2 and 3 military leaders to South Korea–a visit with only one day’s notice.   In addition, the nation’s capital Pyongyang has been on lock-down since 27 September, with entries and exits tightly restricted.  Finally, he missed the Supreme People’s Assembly, one of the most important political events on the North Korean calendar.  Kim Jong-eun might be the victim of a coup.

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Posted October 7, 2014 by vferraro1971 in World Politics

2 responses to “7 October 2014

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  1. I live at Kimaball Farms and would like to send you an email about your lecture lats evening (Monday, October 6.) May I have your email?

    George B. Raymond

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