Christine Lagarde, the managing director of the International Monetary that is IMF has given a warning that the condition of the global economy is only going to get even worse than what it is today.
He said all this while he was in Japan was going to have talks with Yoshihiko Noda, the prime minister of the country. The managing director of the IMF further had to say that this is a very difficult time and it is very important that a co-operative policy response is an extremely important thing.
He also added that in the last few month, the whole outlook as only got bad and also very worrisome as well. This issue is of global concern and crisis. The whole world to day is connected with each other, none of the countries can afford to stay within only its national boundaries. This crisis is going to befall all over not looking at the boundaries of the nations.
Japan as well as the Asian region til date have been able to cope up with the crisis in a proper manner till date and this has doe its contribution to more than half of the sum total of growth of the global since the year 2008. nevertheless, it does not at all mean the Asia is immune to this problem. Slowly and gradually whatever is happen in Europe is going to have it effect on this region as well and even already it has stared as well.
The forecast about the growth in funds which will be published on the 16th of July, it is quite possible is going to be even lower than what the forecast of the growth of funds previous was.
The chief of IMF had to say that the conditional development that have been taking place in Europe are no less than a risk to the economy of the globe. She although felt a little encouraged by the summit of European Union that was held in Brussels where the leaders of the Europe were all in agreement in order to take the require steps which should be done in the right direction so that the problem of immediate crisis can be dealt with in a proper manner.
Nevertheless, she put a stress that if any further progress would be done then it is very important that right decisions should be taken up. All this important in order to stability. Apply now with text a loan @ http://www.textaloan.org.uk/ and get amount according to your need.