Steepest Global Slide Since Recession Pushes Rate Cuts – Bloomberg 06-06-12

Salient to Investors:

Global monetary-policy makers are trying to stem the steepest global slowdown since the recession ended in 2009.

Predictions:

David Hensley of JPMorgan Chase expects global growth of 1.7 percent this quarter and 2 percent next, as weak as anything in the past two decades outside the Great Recession. Expects the Fed to keep benchmark rate at exceptionally low levels into 2015.

Economists lowered forecasts of global growth to 3.2 percent in 2012 and 3.7 percent in 2013

Nariman Behravesh of IHS expects Brazil and India to lower rates in the coming months.

Read the full article at http://www.bloomberg.com/news/2012-06-08/steepest-global-slide-since-recession-pushes-central-bank-cuts.html