الأربعاء، 23 فبراير، 2011

Champions League final 2011 2012



WASHINGTON (Dow Jones)--The International Monetary Fund urged Group of 20 finance ministers and central bankers last week to work Champions League final 2011 on rebalancing the global economy, with emerging economies increasingly outpacing the rebound in wealthier nations.
In a staff note to G-20 officials meeting in Paris, the IMF said the uneven pace of the global recovery suggests that prospects for more balanced, Champions League final 2011 economic growth are limited. While the risks to advanced nations remain on the downside, fast-growing emerging economies are facing a growing threat of overheating as political turmoil in the Middle East pushes up the price of oil and other commodities.
"Cooperative and well-timed policy initiatives--to Champions League final 2011 vulnerabilities and rebalance growth--are needed to sustain the global recovery," according to the IMF report, which was released Wednesday.
The G-20 emerged from a weekend of tough negotiating with a deal on how to measure global economic imbalances, though China's objections to make exchange rates a key indicator resulted in a vaguely worded communique.
The IMF report reiterated the fund's stance that China's currency remains "substantially undervalued," noting that appreciation would help rebalance the economy and contain inflationary pressures.
China and other emerging economies running Champions League final 2011 should allow currency appreciation to contain capital inflows and inflation, the fund said.
Political upheaval in the Middle East has put further upward pressure on oil and food prices, though the IMF said price strains should ease Champions League final 2011 this year unless supplies are further constrained. The fund raised its baseline forecast for petroleum prices for 2011 to $94.75 a barrel, from $89.50 in January.
"In recent weeks, social unrest in the Middle East has increased concerns about oil supply disruptions and pushed prices higher, although until now, actual supplies have remained unaffected," it said.
The report also noted an emerging risk to the global economy from a "potentially steep price correction" in China's property market.
But the IMF said a weaker dollar could also contribute to the rebalancing effort, viewing the U.S. currency as on the "strong side." The euro and yen were deemed to be broadly in line with their medium-term fundamental value.
The fund urged the U.S. to quickly come up with a credible plan to reduce the budget over the medium term, saying that last year's deal to extend the Bush administration tax cuts came at a "large budgetary cost" with only a modest impact on growth.
"Further rises in bond Champions League final 2011 due to fiscal concerns remain a key risk to the U.S. fiscal outlook and global growth, particularly if a credible Champions League final 2011 plan is not Champions League final 2011 ," the report said

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