The International Monetary Fund issued a dour economic forecast on Tuesday, warning that the global economy is at heightened risk of slipping back into recession. The prescription to escape this downturn would be more complicated than the coordinated fiscal stimulus that the IMF pushed for in 2009, when the world climbed out of the last recession. "Risks for a serious global slowdown are alarmingly high," said the IMF's World Economic Outlook report, as growth slows in nearly every major nation. The only notable exception: The U.S., which got a 0.1 percentage point boost, to 2.2 percent expansion this year, from the IMF's last estimate.
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- Here comes the Pentagon's newest space plane
- 43 TV shows to watch in 2014
- The real story behind Deliver Us From Evil
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The U.S. is about to sell weapons to Vietnam. That's bad news for China.
- Did the media get Ferguson wrong?
- 6 things the happiest families all have in common
- Extreme haunted houses: Inside Halloween's most terrifying new trend
- What the Middle Ages can tell us about the GOP's big charity myth
- How did Rick Perry escape blame for the Texas Ebola outbreak?
Subscribe to the Week