World Bank and Spring Meeting

fund: The mood at the spring meeting of the International Monetary Fund and the World Bank was sombre, according to The Guardian. The global economy has weakened in the past six months and the Fund thinks the risks are skewed to the downside. The adjectives said it all. The caution is justified, even though in some respects the outlook is less gloomy than the Fund suggests. The removal of the threat of higher interest rates from central banks has provided a boost to confidence. For a start, there are some tentative signs that activity has bottomed out. (news.financializer.com). As reported in the news.