IMF Predicts Major Global Slowdown Amid Financial Crisis!
World growth will slow amid most dangerous financial shock since 1930s
No growth in many advanced economies until at least mid-2009
Global economy expected to stage modest recovery later in 2009
The world economy is decelerating quickly—buff eted by an extraordinary financial shock and by still-high energy and commodity prices—and many advanced economies are close to or moving into recession, the IMF says in its latest World Economic Outlook (WEO).
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