International Monetary Fund – World growth will slow amid most dangerous financial shock since 1930s

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).
Read more on the official website
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