World 'Close' to Recession: Stanley Fischer STANLEY FISCHER, ISRAEL, MIDDLE EAST, IRAN, WORLD, RECESSION, ECB, QE, QUANTITATIVE EASING, CNBC.com | 23 Oct 2012 | 04:15 AM ET The global economy is "close" to a recession despite mass liquidity injections, Stanley Fischer, the head of the Bank of Israel told CNBC, though he added that it wasn't clear if the economy would actually enter one because of a small improvement in confidence recently. "Stock markets are up, possibly (because of) QE3 in the United States, the new policies of the ECB, Bank of Japan, Chinese have done something to the financial markets, so we may be seeing improvement, but it was going down before that," Fischer said in an interview in Jerusalem. The former chief economist of the World Bank and former vice chairman of Citigroup, who was tipped as a potential head of the International Monetary Fund (IMF) before Christine Lagarde's election, was cautiously optimistic about the impact of a third round of quantitative
Raymond Clough dnomyar34@raymondclough.com
- The global economy is "close" to a recession despite mass liquidity injections, Stanley Fischer, the head of the Bank of Israel told CNBC, though he added that it wasn't clear if the economy would actually enter one because of a small improvement in ... |
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