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  • Iceland calls in IMF

    As the blog predicted , Iceland has been forced to call on the IMF for help. Finally, the country's leaders have recognised that their $20bn economy couldn't support the level of debt built up during the 'go-go' years. The pity is that it took them so long to recognise reality - and by...
    Posted to ICIS Blogs (Weblog) by Anonymous on 10-09-2008

  • ‘Sometimes those questions lead to war’

    The weekend’s finance minister meeting in Washington DC seems to have been quite different from its predecessors. Not only did they apparently have an ‘informal brainstorming session’ at one point, but they also found themselves confronted with two major and on-going crises: • We have to ‘put food into...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-15-2008

  • IMF expects low growth, high inflation

    The IMF now sees a 25% chance of a world recession this year, in which global growth would fall below 3%. Its base forecast is just 3.7%, compared to 5.2% before the credit crunch began. Sales growth for most chemicals is tied to GDP growth, so companies should expect volumes to come under pressure as...
    Posted to ICIS Blogs (Weblog) by Anonymous on 04-02-2008

  • Fed/IMF worry that US may see 'severe recession'

    The Financial Times this morning reports that the US Fed fears that ‘the economic downturn in the US could turn into a deep and protracted recession of the kind that plagued Japan’. Clearly based on interviews with senior Fed officials and other policymakers, the two articles (one for the European edition...
    Posted to ICIS Blogs (Weblog) by Anonymous on 03-13-2008
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