From: J <jeevacation@gmail.com>
To: Steve Bannon
Subject: imf
Date: Tue, 09 Oct 2018 14:12:42 +0000
goods and services flow is expected to grow by 4.2% this year and 4% next year — down 0.6 and 0.5 percentage
points, respectively from earlier estimates.
The fund said in the report that the downward revisions were notable in several countries: Argentina, Brazil,
Mexico, Iran and Turkey — many of which have been experiementing with cryptocurrencies.
Emerging economies as a whole have experienced larger volumes of capital outflows as investors shift their
money out, often using bitcoin and cryptocurrencies to dodge capital controls, on the back of the U.S. raising
interest rates.
Countries such as Argentina and Turkey have been among the most troubled, with their currencies crashing to
all-time lows against the greenback amid questions over their governments' economic management.
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