Growth Momentum: Growth and Economies

growth momentum: It now expects world GDP to rise 3.3% this year, its lowest projection since before the financial crisis, according to Market Watch. Amid talk of a synchronized slowdown, economist Eswar Prasad wrote, growth momentum is declining in virtually all the world's major economies. This week, the International Monetary Fund lowered its forecast for global GDP growth for the third time in six months. The pattern is clear As soon as governments or central banks turn off the monetary spigot or try to return to normal policies, markets and economies falter. Early this year, growth in Germany and France, the biggest euro zone economies, began slowing as manufacturing slumped. When they reverse course and prime the pump again, growth resumes and stocks rally, as they have since last Christmas Eve, when the Dow Jones Industrial Average DJIA, 1.03% and the S&P 500 SPX, 0.66% have both gained at least 20%. Last December, European Central Bank President Mario Draghi announced the ECB had formally ended its quantitative easing program, under which the bank bought more than 2 trillion of securities. (news.financializer.com). As reported in the news.