While discussing the IMF's global GDP outlook cut, chief economist Olivier Blanchard predicts a...

|By:, SA News Editor

While discussing the IMF's global GDP outlook cut, chief economist Olivier Blanchard predicts a recession could hit the U.S. next year if the country goes off a "fiscal cliff" of tax cut expirations and automatic spending cuts. He also suggests a further 10% depreciation of the euro could boost the eurozone's growth by 1.4%, and benefit export-dependent Germany and Holland the most.