IMF negative outlook
The International Monetary Fund (IMF) has slashed its growth forecasts for most major countries, warning the eurozone crisis threatens to pull the global economy into a slump.
It downgraded the world's growth forecast from 4.1% to 3.3%, and cut the UK's growth outlook from 1.6% to 0.6%.
The IMF also expects the eurozone to experience a recession in 2012, with the region's economy shrinking by 0.5%.
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Comments
This is excellent news. But is there any chance at all that "they" will be able to cook up some sort of an appearance of a recovery? I hope not! Incidentally, apart from this article, everything else offered on your current forum is in Italian! This is Internationalism in practice I suppose. But difficult for those of us who can't understand Italian!