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No need to panic. We're not even close to the next great recession.

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10.04.2019

What's all the fuss about?

Maybe the world economy isn't in such terrible shape after all. New projections from the International Monetary Fund, published on Tuesday, show that expansion still has some legs. Growth will be a not-too-shabby 3.3 per cent this year.

That's down from a previous forecast of 3.5 per cent. So, yes, it's a cut. But not a dramatic one.

Keep calm and carry on: Superlatives about the lowest growth since the Great Recession are misleading.Credit:AP

These numbers are a ways from one IMF definition of recession, 2.5 per cent, and miles from the contraction recorded in 2009. Superlatives about the lowest growth since the Great Recession are misleading.

These updates from the IMF also make you wonder where all the drama – so prevalent in headlines –........

© Brisbane Times