US economy is losing sparkle; IMF economic outlook may paint sobre picture
Frankfurt — Investors will cast a wary eye on the latest gauges of the United States’ economic health this week, while troubled Europe shows early signs of turning the corner.
As finance ministers and central bankers from the Group of 20 top economies gather in Washington, on the sidelines of the International Monetary Fund’s Spring meeting, they view a subdued global landscape where even the United States’ prospects seem tarnished.
For a change, however, there are reasons for hope in the euro currency bloc, despite still low growth and high unemployment.
European Central Bank President Mario Draghi will be able to claim an early success in the bank’s fledgling money printing programme with figures on Friday set to confirm that falling prices throughout the 19-country eurozone are beginning to stabilise. Bank lending too is improving.
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