Expect underwhelming spring meetings in Washington

THE world’s finance ministers and central bank governors will descend on Washington, DC this week for the spring meetings of the International Monetary Fund (IMF) and World Bank.

They will fret about a mixed and tepid global growth outlook and gnash their teeth about looming economic forces. Then they will return home. The Washington, DC economy will prosper because of it.

The IMF’s World Economic Outlook should maintain a 3 per cent purchasing power parity-weighted global growth handle.