Tags
IMF, Obama, Those Stubborn Facts, Trade, trade Deals, Trans-Pacific Partnership, Transatlantic Trade and Investment Partnership
Difference Between Latest and Previous IMF Growth Projections for Main Free Trade Partners Targeted by Obama:
2015 2016
Eurozone (TTIP) -0.2% -0.3%
United Kingdom (TTIP) 0% -0.1%
Japan (TPP) -0.2% -0.1%
Canada (TPP) -0.1% -0.3%
Mexico (TPP) -0.3% -0.3%
(Source: “Table 1. Overview of the World Economic Outlook Projections,” World Economic Outlook UPDATE, International Monetary Fund, January 19, 2015, http://www.imf.org/external/pubs/ft/weo/2015/update/01/pdf/0115.pdf)
I’m not sure you can call this “slowing growth”. Markets fluctuate, and these are minor adjustments for the most part right? I only say this, because Mexico probably should not be on this list based on what I’ve been reading. Although you would probably know a lot more than I do.
Thanks for the comment, and in one sense you’re right – my post spotlighted IMF growth projections. So the slowing growth has only been predicted, rather than actually happening. At the same time, the projections themselves keep getting revised down precisely because the actual growth keeps slowing. And even for the projections that are not dramatically lower, the cumulative deceleration over time has been important. Just FYI, Mexico was on the IMF list, and certainly deserves attention in any analyses of America’s global trade given the huge volume of U.S. exports and imports with that neighbor.