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IMF Says U.S. In Worst Economic Crisis Since Great Depression

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posted on Apr, 2 2008 @ 10:59 AM
Paul Joseph Watson
Prison Planet
Wednesday, April 2, 2008

The International Monetary fund has slashed odds that the world is facing a financial recession and admits that the U.S. is in its worst economic crisis since the Great Depression, as the body revised forecasts for economic slowdown.

The Washington-based lender gave a 25 percent chance that global growth will drop to 3 percent or less this year or next, a figure described s equivalent to a global recession.

The forecast marks the third time the IMF has reduced projections for economic growth since July, with chances of a harsh global recession becoming increasingly likely.

Can you not now see the writing on the wall?

It is IMHO without debate when the IMF comes out and makes statements like the above. Hold on to your hats folks - It's gonna be a bumpy ride.


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