Showing all 2 books
In its publication World Economic Outlook (October 2008), the IMF placed the estimated world output growth at 3.9 per cent in 2008 which represented a significant slide from a level of about 5.0 per cent in 2006 and 2007. By early November, the IMF had revised its forecast for global growth downwards from 3.0 percent to 2.2 percent for 2009.Several countries, notably US, UK, Euro Area and Japan are all officially in recession. Confidence in global ...
The current global financial situation continues to be uncertain and unsettled. What started off as a sub prime crisis in the US housing mortgage sector has turned successively into a global banking crisis, global financial crisis and now a global economic crisis. It has been billed by experts as the worst since the Great Depression of late 1920s and early 1930s that originated in the advanced economies and rapidly engulfed the whole world.The financial turmoil ...