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Emerging markets may prevent global economic collapse in 2017

Today is Wednesday 5th October 2016 and we are briefly discussing further implications of the recently published IMF Report and further signals as to why emerging markets may actually help the world economy in 2017.

Capital inflows into emerging markets have resumed in 2016, following two years of outflows, and the stage may now be set for a period of greater macroeconomic, currency and commodity stability, which could propel global growth, to 4% in 2017 (the highest level since 2010).

China’s economy, the world’s second largest, is forecast to expand 6.6% this year and 6.2% in 2017, down from growth of 6.9% last year but still significant.

Growth in emerging Asia, and especially India, continues to be resilient. India’s gross domestic product is projected to expand 7.6% this year and next year, the fastest pace among the world’s major economies.

Of course none of us know whether they will be successful, however, despite the doom and gloom merchants predicting global economic collapse since even before 2008 we have not experienced it on the scale they have forecast, and gold and silver remain at modest price points. We are not convinced the Armageddon situation will occur before 2018 if it does at all, and this video is one reason of the many which supports why we think that.

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