On IMF’s Seal Of Approval And France On The Brink

The International Monetary Fund’s latest assessment of the global economy was a nuanced one, William reports. Officials were impressed by the resilience of world economies in the face of multiple formidable challenges, and they forecast healthy rates of global GDP growth this year and next. But there’s a “but”: Their forecasts rest on assumptions that could unravel, so continued resilience is far from guaranteed. … Also: Toby points out a possible contrarian opportunity in French equities given their recent valuation declines. The stocks of the France MSCI have taken hits at a time of rising earnings, thanks to revenues derived from stronger economies abroad.