WASHINGTON - After a long and lumpy recovery, the world economy may finally be at a turning point with global growth expected to accelerate this year behind the rising strength of the U.S. and other major developed countries.
Furman says that just because the US is growing its economy doesn't mean the rest of the world can slack off and rely on them, the US is not going to be able to save the rest of the world's economy. Other countries need to boost consumption and they have the resources to do so.
Countries like England and the United States have decided to come together to bailout the Ukraine economy each pledging two billion dollars, as well as the IMF fund will grant a bailout. The collapse of one economy will have a domino affect in the world wide economy so it is sensible for these world powers to intervene.
This article talks about how the falling oil prices can push the inflation level to its lowest ever and how that might imapact economies generally. It is reported that the low oil prices are reducing the level of inflation.