Website review: BBC NEWS | Business | IMF slashes w...
JakePM discovered this in Economics
•2 reviews since Apr 9, 2008
economics, markets, world-economics
•news.bbc.co.uk/2/hi/business/7338326.stm
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JakePM discovered 3 months ago- "The International Monetary Fund (IMF) has said that the world economy will grow much more slowly in the next two years as a result of the credit crunch. In its latest economic forecast, the IMF says that world economic growth will slow to 3.7% in 2008 and 2009, 1.25% lower than growth in 2007. The downturn will be led by the US, which the IMF believes will go into a "mild recession" this year."
- rockthetropics rated 3 months ago
- Thanks a bunch, W. From the page: "The IMF admits that the global downturn might be still more severe than it is currently predicting, and says that there is a one in four chance of a "global recession" when world growth falls below 3%. "The financial market crisis that erupted in August 2007 has developed into the largest financial shock since the Great Depression," the report says."
