World Growth 'Worst for 60 Years'

World Growth 'Wort for 60 Years'

news.bbc.co.uk

'Virtual halt'

According to the IMF, the outcome of the economic slowdown has been to send global output and trade plummeting.

"We now expect the global economy to come to a virtual halt," said IMF chief economist Olivier Blanchard in a statement.
The IMF says that despite a number of policy moves, which have been carried out by many states, financial strains remain.

International co-operation is needed now to draw up new policy initiatives, and for capital injections to support "viable financial institutions".

(visit the link for the full news article)

Mod Edit: To Fix The Spelling In The Title.

[edit on 28-1-2009 by MemoryShock]

Great! So now we ARE being told that things really are as bad as what they were 60 years ago i.e. just post WWII.

Not only that, but they are going to get worse and the governments of the world need to 'inject' even more stimulus packages in order to avoid further repercussions.

Not only that, but the recession / depression will last longer then expect... how long before one says Enough?



news.bbc.co.uk
(visit the link for the full news article)

[edit on 28/1/09 by 04326]